There are several check items in the examination.
Check items
Banks (financial institutions, etc.) will check the following.
1️⃣ Loan history
2️⃣ Curennt loans
3️⃣ Yearly income
4️⃣ Employment status
5️⃣ Age
6️⃣ Family status
7️⃣ Health
8️⃣ Others
1️⃣ Loan history
It will be the most important part of the examination.
Banks will check your past and present loan history. Especially, they will check loans that you meet payment deadline or not and, you have an outstanding loan or not.
If you lend your name to someone else for a loan (it means guarantor) , they will check that as well.
2️⃣ Current loan
The loans are all of the above loans. It will be the 2nd most important part of the examination.
Loans : Cars, mobile phone fee, credit card installments, revolving payments, cash loans, etc.
Be especially careful with credit card installment payments and revolving payments. These are all loans.
1️⃣ Loan history and 2️⃣ Current loan is very important factor for approval.
So your housing loan examination approval or not depends on these two things.
3️⃣ Yearly income
It means income for the year.
In addition to regular work, part-time work on weekends and various allowances received from the city hall, "JIdo teate" ,etc. can also be regarded as income.
4️⃣ Employment status
Employment staus (regular, contract, temporary, part-time, etc.), and length of service, etc. are subject to examination.
If you are self-employed, "Jiei gyo", there are many requirements and the examination is more difficult than for company employees.
In the case of general banks, status must be regular, "sei shain" and the length of service must be one year or more.
5️⃣ Age
Generally, a housing loan lasts for 35 years.
Banks check how old you will be when the loan is completed. It is possible up to age 79.
However, the important is how many years you will have until age 65. They consider the maximum working age to be 65.
So, the older you are, the more difficult it will be to pass the examination.
And, if you are too young, they will be considered unstable. So the examination will be difficult as like older.
6️⃣ Family status
Banks will check your family structure, such as the number of spouses, children, and dependents.
If you have many dependents, they will consider you to be a monthly expense. So the examination will be difficult.
7️⃣ Health
8️⃣ Others
Available loan amount
It means how much you can borrow.
Banks decide it based on above 1⃣-8️⃣ factors. (especially 1⃣,2️⃣). And it depends on person.
Banks decide everything.
How to inquiry
If you want to ask in detail,
facebook messenger m.me/guiadesignoffice
Emai address consult@guiadesign.com
This site www.guiadesign.com/dream
Please feel free to contact us.
🇯🇵 A national qualified expert try to give you
advice that suits your current situation.
GUIA DESIDN OFFICE
Ibaraki Association of Architectural Firms
B5464 0309
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