Yes, customers can choose to check out if they can't pay the down payment. However, if the customer really needs to buy a house, it is not recommended that the customer directly choose to return a house unless absolutely necessary. Especially in the case that it is impossible to get a mortgage for personal reasons, the customer may have to pay a certain penalty to apply for return. In fact, if the mortgage application fails once, you can try to apply for a second time.
Because the information prepared is not comprehensive, customers should prepare sufficient, perfect and accurate information before applying. If there is too much personal debt, customers can choose to pay off their own debts, or pay off part of them first, and then apply for a mortgage after the personal debt ratio drops. As long as you prove that your credit is good and you have enough repayment ability, you can generally get a mortgage.
Of course, if the mortgage can't be done because the developer's documents are incomplete and he doesn't have the qualification to sell the house, then the customer really has to choose to return a house. In this case, it does not belong to the customer's breach of contract, and the down payment can generally be fully refunded without the customer paying liquidated damages.
Can I check out if I pay the down payment and the mortgage is not approved?
If you don't want a house after paying the down payment, you can't return it. If both parties agree to check out, they can check out. However, if negotiation fails, compensation shall be made for breach of contract. If the house is returned due to the party concerned, the developer shall compensate the liquidated damages and refund the down payment. If you need to buy a house and refund the deposit, it is recommended to choose the check-out information consultation platform. Check-out information consultation platform specializes in handling disputes over real estate deposits, which can be accepted at home all over the country. Click to consult how to refund the house purchase deposit.
1. The buyer sent out a rejection notice.
Buyers can make it clear to the developer by parcel letter, fax or telephone. If the developer returns the house due to its obligation, the developer shall bear the damage caused by the return of the house, including loan interest, down payment deposit interest rate, house purchase tax, etc. If the house purchase contract stipulates the compensation for house return, it shall be settled according to the contract. If the compensation promised in the contract is not enough to make up for the loss, it can be paid again.
2. Complete the formalities within half a month.
Within fifteen days after the buyer explicitly requests to return the house, the developer shall return all the house payment paid by the buyer, and undertake all the procedures for the buyer and the loan financial institution to apply for dissolution or termination of the contract. Before the above procedures or documents are signed, the developer should pay the monthly capital and loan interest to the loan financial institution instead of the buyer.
If you want to know more about the house that you didn't want for the down payment, it is recommended to consult the check-out information consultation platform. Shenzhen Check-out Information Consulting Co., Ltd. has an excellent professional check-out deposit team, which can provide on-site professional consultation for Guangdong Branch, Guangdong, Zhejiang, Shanghai, Yunnan, Henan, Guizhou, Shandong, Fujian, Hainan, Shanxi and other provinces in China. According to the details of different cases, senior retirees give one-on-one professional advice to fight for the rights of many customers.
Can I check out if I can't repay the loan after paying the down payment?
Buying a house and paying the down payment can be divided into the following situations:
(1) The mortgage can't be done, which is caused by the developer's reasons, such as the developer's incomplete procedures, which makes it impossible for the buyer to handle the mortgage and continue to perform the contract. In this case, property buyers can return a house without responsibility, and even ask the developer to compensate for their own losses.
(2) If it is because of the adjustment of the national loan policy, the restriction of the bank loan scale and other policy reasons, then this situation can not be blamed by both developers and property buyers. If this happens, the buyer can also request to return the house and refund the down payment.
(3) If it is due to the buyer's own reasons, such as incomplete information provided, or the buyer's lack of repayment ability, the bank thinks that the buyer does not meet the loan conditions, resulting in the inability to apply for a loan, and the buyer requests to cancel the house purchase contract, the court generally does not support it. If this happens, buyers should renegotiate the payment with the developer or pay the house payment directly to the developer. If the house payment cannot be paid, the developer may require the buyer to bear the liability for breach of contract according to the contract.
Legal basis: Interpretation of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Disputes over Commercial Housing Sales Contracts.
Article 19 As stipulated in the commercial housing sales contract, if the buyer fails to conclude the commercial housing secured loan contract due to one party's reasons, the other party may request to cancel the contract and compensate for the losses. If the commercial housing secured loan contract cannot be concluded due to reasons not attributable to both parties, and the commercial housing sales contract cannot be continued, the parties may request to terminate the contract, and the seller shall return the principal of the purchase price and its interest or deposit to the buyer.
I paid a down payment on the house. Can I check out if the loan is not available?
You can't check out without a down payment on the loan. You have signed the contract. If you want to check out, both parties need to negotiate and pay a certain penalty according to the contract. If there is any dispute about check-out, please consult the check-out information consultation platform. Click to consult how to refund the house purchase deposit.
When the buyers pay the down payment, that is, when they need to sign the purchase contract and go through the loan formalities, if they can't pay the down payment, they can talk to the bank salesman to find out the reasons for their loan extension. If the problem lies in the buyer's own credit, running water and liabilities, it is suggested to increase the down payment and reduce the loan application amount, and then apply for a loan from the bank after the information is fully prepared. Really not, property buyers can consider giving up this bank and applying for another bank.
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