If there is no mortgage, will the Rural Commercial Bank inform you?

If the house loan is not approved, the bank will send a text message to the user. After receiving the short message, users can go to the bank to retrieve the application materials for applying for mortgage. At this time, users can choose to continue to apply for a mortgage in this bank, or they can choose to apply for a mortgage in another bank. Because different banks' mortgage audit standards will be slightly different, applying for another bank may have different results.

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How long does it usually take for a mortgage to be approved?

There is no clear standard for the time of mortgage approval. Different banks and different time periods will affect the time limit for approval. If it is short, it will take 2-3 weeks, and if it is long, it may take more than 3 months.

Banks are strict in reviewing mortgages and need to submit more information. If the information submitted is not enough, it will affect the time of mortgage approval.

In addition, the audit of banks is also very complicated. After the account manager enters the system, it needs to be submitted to the leader for review. It also needs to be reviewed by the credit department and approved by a special approver before it can finally decide whether to pass or approve.