You've been thinking about it for a while, you've seen several houses and you've finally decided to buy. The time comes to look for a mortgage and then, the big blow! The bank won't give you the mortgage, so you have to be creative, think differently. Is there any solution when they refuse to give us a mortgage? Yes, of course, go a step beyond traditional banking because it doesn't always fit your needs.
At mortgages.com we go where others don't because we are specialists and we adapt to each situation. The bank won't give you a mortgage? We can help you find a solution that suits you . During the process of applying for a mortgage online, we will review your situation to see which mortgage is best for you and under what conditions you can have the house of your dreams.
Reasons for mortgage denial
Among the reasons why the bank may refuse a mortgage, there are three that are repeated very often . At mortgages.com we know them all very well and we have solutions for all of them, even if it means having to wait a little longer to be able to buy your house. And we are interested in granting you the mortgage, but we are even more interested in it being an easy mortgage, without surprises and easy for you to pay.
They don't give you a mortgage: because you don't have savings
You need to finance more than 80% of the house, but your traditional bank says that it won't work that way; a classic. At mortgages.com we are flexible, because we know that there are solvent clients who simply need to take their financing a little further.
For example, there are young clients with jobs, but without much savings. In this case, they may need the maximum financing for their mortgage. Our Vive Joven Mortgage finances this, as does the Vive Mejor Mortgage, if what we are looking for is to buy a second home to increase our assets.
Added to these proposals is the Suma Mortgage, which combines the purchase and renovation of your home under a single mortgage loan.
They don't give you the mortgage: because you have other bills to pay
The problem is that you already have other debts , such as a car loan. This is not a problem for us. One of our mortgage experts will do the math with you to find a way to achieve your goal responsibly. This way we will be clear about how much we can spend on the house, without putting our current and future finances at risk.
Because if there's one thing your mortgage expert, the one who will accompany you throughout the entire process (yes, even after signing), is clear about, it's that a mortgage should be something simple and comfortable to pay until the end. Isn't that great?
What happens if the amount is not enough? We can always save a little more for the down payment and pay off the debt . This way we will be in a better position to buy the house we want.
They don't give you the mortgage: because your income is irregular
The third most common reason why the bank denies a mortgage: unstable income . Again, we will sit down to do the math and see how far we can go together; always with the maxim that, if the salary and income are not recurring, we will live more peacefully by contributing more savings for the purchase of the house and signing a mortgage for a smaller amount.
In the end, it's all about finding the best formula so that we can achieve the goal of buying a house and being happy with it. And if there's one thing that makes mortgages.com different, it's our customer reviews, 5 out of 5 stars on Google. Are you coming?