In the case of loans, most lenders will need you to provide proof of your income, such as your daily salary or the tax forms you submit. But there is a loan that does not need you to provide these materials. This is the second mortgage of fixed income. It only requires you to use your house as collateral. So if you have the ownership of the property, you can get the loan, However, you need to know that this type of loan is very risky, so you need to find some trustworthy lenders or institutions to cooperate.
How to get this type of loan?
First, you need to find a trustworthy mortgage institution through your lender. Because you cooperate with the lender, he will archive your financial information and estimate your solvency according to your current financial situation. It is worth noting that he will hold the contract of your current property. What about after the above operations are completed? The lender can approve your loan without some other procedures. When he approves your loan, you have established a cooperative relationship, which means that if you cannot repay the loan regularly, he will bear a huge risk of loss. If you are unable to cooperate with this lender, it means you need to find other lenders, because in view of your lack of income certificate, lenders generally require that your credit score is relatively high, or your asset conditions are very strong, because these two can ensure that you will not escape this loan, which adds a certain degree of security to the lender.
How to get a second mortgage?
First of all, you need to provide your asset certificate. If your asset certificate is very substantial, the lender can evaluate your loan solvency very well. If you are not in a hurry to obtain the loan, you can talk with the lender carefully, understand some terms required by the loan, and negotiate with the lender to increase your limit, Or lower your interest rate. Because you have evidence to prove your ability to repay the loan, the loan will often agree to some appropriate terms in order to keep you as a customer.
When will this loan be borrowed?
First of all, because of the nature of this loan, if you are not in a hurry to obtain the source of funds, the best suggestion is to avoid the second mortgage loan. If you really need this loan in some emergencies, then there are some methods for you to choose. First of all, we need to know that your income is difficult to obtain through traditional methods. For example, your job is not a formal job, so you do not have a standard payroll, which means that you cannot provide a good proof. In this case, you can submit your tax form, or because you have just come out to work and have no source of income before, Or if you start a new business and start a new company, the project has not yet made a certain amount of profits. The only thing we can tell you is to try not to worry too much, because if you complete the loan in an emergency, you may sign some unequal treaties or treaties against you, but we know that, The process required for this loan is relatively few, so it is the only one that is suitable for you. It is worth noting that you should see some terms clearly.