At the time of requesting some type of credit, the client is evaluated to see how risky it is to grant the money. That is, they take into account how he has behaved before with his debts, how much he receives from income, among other factors.
Allows banks to deduce whether it is worth it or not taking risks
Currently, this process is becoming more difficult and it is because the levels of the past due portfolio, that is, the people who are behind in their payments, have increased.
Financial institutions make it more difficult to access credit
That is why seeking to regulate this indicator, financial institutions make it more difficult to access credit. What does it mean to be more difficult? That they will ask you for more requirements and will be more strict regarding the evaluation.
So, if you are looking for a home loan, the question is how to get it granted? Take into account the following recommendations:
1. Pay your current debts before the due date.
2. Have on hand how to support the source of your income.
3. Cancel those cards you don’t use.
4. Have your savings in the banking system.
These four recommendations help banks have the necessary information to verify that there are no major risks in lending money.
All institutions use the same source of information
And although in general, all institutions use the same source of information (the one provided by the risk centers), there are some that are more demanding than others, so before applying for the home loan, it is best to compare the Different options to see which one best suits your profile. That is, they take into account how he has behaved before with his debts, how much he receives from income, among other factors.