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Will I Get Approved for Bank Financing? The Psychology Behind How Bank Thinks.
Know How The Bank Thinks, Be On The Good Side Of The Banks.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][bsf-info-box icon=”Defaults-home” icon_size=”32″ icon_color=”#81d742″ pos=”left”]Banks are in the business of lending money. Therefore, banks wants to have you as a customer. Having this out of the way will give you some peace of mind.
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5 C’s of Credit
Bank Uses these criteria to find out if you are Loan Worthy
[/vc_column_text][vc_empty_space height=”50px”][/vc_column][vc_column width=”1/2″][info_circle edge_radius=”100″ start_degree=”90″ eg_padding=”70″ icon_size=”25″ img_icon_size=”24″ content_icon_size=”24″ content_bg=”#1e73be” content_color=”#ffffff” eg_br_style=”dotted” eg_br_width=”1″ eg_border_color=”#bcbcbc” cn_br_style=”solid” cn_br_width=”4″ cn_border_color=”#bcbcbc” auto_slide=”on” auto_slide_duration=”3″ highlight_style=”info-circle-push” icon_launch=”linear” icon_launch_duration=”1″ icon_launch_delay=”0.2″ responsive_breakpoint=”800″][info_circle_item info_title=”Character ” info_icon=”Defaults-thumbs-o-up” icon_bg_color=”#eeee22″ icon_color=”#ffffff”]Quality Of An Individual To Pay The Debt.[/info_circle_item][info_circle_item info_title=”Capacity To Pay” info_icon=”Defaults-money” icon_bg_color=”#81d742″ icon_color=”#ffffff”]The Ability Of A Person To Pay.[/info_circle_item][info_circle_item info_title=”Conditions ” info_icon=”Defaults-edit pencil-square-o” icon_bg_color=”#8224e3″ icon_color=”#ffffff”]Economic Viability Of An Individual Over Time[/info_circle_item][info_circle_item info_title=”Capital ” info_icon=”Defaults-cubes” icon_bg_color=”#dd9933″ icon_color=”#ffffff”]The Money You Have Invested Personally In The Property[/info_circle_item][info_circle_item info_title=”Collateral ” info_icon=”Defaults-home” icon_bg_color=”#dd3333″ icon_color=”#ffffff”]The Property Being Mortgaged[/info_circle_item][/info_circle][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”40px”][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title=”QUALIFICATIONS” title_align=”separator_align_left” align=”align_right”][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][ultimate_info_table design_style=”design06″ color_scheme=”red” package_heading=”EMPLOYEE” icon_type=”selector” icon=”Defaults-male” heading_font_size=”desktop:18px;tablet:16px;tablet_portrait:16px;mobile_landscape:14px;mobile:14px;” subheading_font_size=”desktop:16px;tablet:14px;tablet_portrait:14px;mobile_landscape:12px;mobile:12px;” features_font_size=”desktop:14px;tablet:12px;tablet_portrait:12px;mobile_landscape:10px;mobile:10px;”]Tenure of at least one year ; or if transferee from another company, must be a regular employee to the new company[/ultimate_info_table][/vc_column][vc_column width=”1/2″][ultimate_info_table design_style=”design06″ color_scheme=”blue” package_heading=”SELF-EMPLOYED/SMALL BUSINESS OWNER” icon_type=”selector” icon=”Defaults-child” heading_font_size=”desktop:18px;tablet:16px;tablet_portrait:16px;mobile_landscape:14px;mobile:14px;” subheading_font_size=”desktop:14px;tablet:12px;tablet_portrait:12px;mobile_landscape:10px;mobile:10px;” features_font_size=”desktop:14px;tablet:12px;tablet_portrait:12px;mobile_landscape:10px;mobile:10px;”]In business of at least 3 yrs. Must submit Mayor’s Permit and Financial Statement.[/ultimate_info_table][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”50px”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Banks Measure Capacity to Pay Through the Following Criteria:
- Verifiable
- Sustainable
- Consistent
- Documented
The above criteria is the benchmark banks uses to analyze a person’s capacity to pay.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”40px”][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title=”ACCEPTABLE AIF / C0-BORROWER” title_align=”separator_align_left” align=”align_right”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”7498″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”40px”][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title=”AUTOMATIC DISAPPROVAL” title_align=”separator_align_left” align=”align_right”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]7 Highly Restricted Countries (Automatic Disapproval)
- Sudan
- North Korea
- Myanmar (Burma)
- Syria
- Afghanistan
- Iran
- Cuba
Reason: With these countries, you cannot send money out of the country.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”40px”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Lists Updated, June 11, 2018[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title=”HIGH RISK COUNTRIES” title_align=”separator_align_left” align=”align_right”][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]Africa[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]Asia[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_column_text]
- Algeria
- Angola
- Botswana
- Chad
- Congo
- Egypt
- Ethiopia
- Ghana
- Ivory Coast
- Lesotho
- Liberia
- Libya
- Malawi
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- Mali
- Mauritana
- Mauritius
- Morocco
- Mozambique
- Namibia
- Niger
- Nigeria
- Sao Tome and Principe
- Somali Republic
- Tanzania
- Uganda
- Zimbabwe
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- Armenia
- Cambodia
- Gaza Strip
- Iraq
- Israel
- Jordan
- Kuwait
- Laos
- Lebanon
- Macau
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- Malaysia
- Maldives
- Pakistan
- Sri Lamka
- Tajikistan Republic
- Thailand
- Turkey
- West bank
- Yemen Arab Republic
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_column_text]Europe
- Albania
- Belarus Republic
- Kazakhstan
- Liechtenstein
- Macedonia (Yugoslavia)
- Malta
- Monaco
- Netherland Antilles
- Russian Federation
- Ukraine
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]America
- Argentina
- Belize
- Bolivia
- Colombia
- Ecuador
- El Salvador
- Granada
- Guatemala
- Guyana
- Haiti
- Honduras
- Nicaragua
- Peru
- Suriman
[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]Australia
- Marshall Island
- Nauru
- Papua New Guinea
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- Politically Exposed Persons (PEP) / Politicians / Government Officials
- Pastor / Priest
- Media Personality
- Trial Lawyer / Prosecutor / Judge
- Owner of Institutions related to Gambling / Prostitution
- Included in AMLC watchlist
- Domestic Helper
- Art Dealers
- Policeman / Military man (PNP, AFP, Navy, PAF) – field based
- Musician
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- OFW’s deployed in high-risk / restricted areas
- Individuals included in BSP’s list of individuals subject to asset freeze / travel ban
- Caregiver (not institution based)
- Call center agents (rank and file positions, less than 2 yrs tenure)
- Low-ranking seaman (messman, able-seaman, oiler)
- Arms dealer and/or manufacturer
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- Waiter
- Entertainer
- Saleslady
- Driver
- Utility Man
- Money service business
- Jewel, Gem and precious metal dealers
- Dealers of Bitcoin
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]DISCLAIMER: This is based on General Bank Guidelines. Buyers with the above-mentioned occupations have very high probability of Bank Disapproval.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”40px”][/vc_column][/vc_row][vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column width=”2/3″][vc_column_text]For Complete Lists of Requirements, Click the Red button:[/vc_column_text][/vc_column][vc_column width=”1/3″][ult_buttons btn_title=”Requirements” btn_link=”url:https%3A%2F%2Farchive.cavitehomes.com%2Frequirements.html|title:requirements|” btn_align=”ubtn-center” btn_size=”ubtn-large” btn_title_color=”#f7f7f7″ btn_bg_color=”#dd3333″ btn_hover=”ubtn-fade-bg” btn_anim_effect=”ulta-grow” icon=”Defaults-bookmark” icon_size=”32″ icon_color=”#dd3333″ btn_icon_pos=”ubtn-sep-icon-at-left” btn_shadow=”shd-right” btn_shadow_size=”5″ btn_shadow_click=”enable”][/vc_column][/vc_row]