How to calculate mortgage salary flow
Recently, the calculation of salary flow for mortgage loans has become a hot topic, and many home buyers are confused about the requirements and calculation methods for banks to review salary flow. This article will combine the hot content on the Internet in the past 10 days to provide you with a detailed analysis of the calculation method of mortgage salary flow, and provide structured data for reference.
1. Basic requirements for mortgage salary flow
When banks review mortgage applications, they usually require applicants to provide salary slips from the past 6 months to 1 year. The calculation method of salary flow directly affects the approval of loan amount. The following are common review standards for banks:
| Project | request |
|---|---|
| Salary flow time | Last 6 months to 1 year |
| income stability | Continuous and stable without significant fluctuations |
| Monthly payment ratio | Monthly payment shall not exceed 50% of monthly income |
| minimum income requirement | Monthly income should be at least twice the monthly payment |
2. Specific calculation method of salary flow
The calculation of salary flow mainly involves the following aspects:
1.average monthly income calculation: Banks usually take the average of salary flow in the past six months as a reference value for monthly income. For example:
| month | Salary income (yuan) |
|---|---|
| January | 8000 |
| February | 8500 |
| March | 8200 |
| April | 8300 |
| May | 8400 |
| June | 8600 |
| average monthly income | 8333 |
2.Other income calculations: In addition to salary, bonuses, subsidies, part-time income, etc. can also be included in the calculation, but relevant certificates must be provided.
3.Liability deduction: Banks calculate disposable income after deducting liabilities such as credit card repayments and other loans.
3. Other factors affecting mortgage approval
In addition to salary flow, the following factors will also affect mortgage approval:
| factors | degree of influence |
|---|---|
| Credit record | extremely high |
| job stability | high |
| down payment ratio | in |
| Property type | in |
4. How to optimize salary flow to increase loan amount
1.Maintain income stability: Avoid large fluctuations in salary income.
2.Increase revenue streams: Supplement your turnover through part-time work or other legal income.
3.Reduce debt: Minimize the balance you owe on other loans or credit cards before applying for a mortgage.
4.Plan ahead: Start optimizing salary flow records 6 months before buying a house.
5. Frequently Asked Questions
1.Q: How are cash wages calculated?
A: Cash wages must be paid in the form of bank transfer, or proof of income stamped by the company must be provided.
2.Q: How do freelancers provide salary flow?
A: Tax certificates and bank statements for the past two years can be provided as a substitute.
3.Q: What should I do if my salary flow is insufficient?
A: You can consider adding co-payers, or choose to extend the loan term to lower the monthly payment.
From the above analysis, it can be seen that the calculation of mortgage salary flow involves many factors. Home buyers should understand bank requirements in advance and be fully prepared to increase the rate of home loan approval. For more detailed information, it is recommended to consult a professional financial institution or loan consultant.
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