Submitting Your Request
At this stage, the system decides whether or not you are eligible for the Digital Mortgages Self-Service Application. The benefit is that the bank gives an instant response to your request. Based on what you declared beforehand, the system returns an answer:
- you are eligible for the mortgage
- you are eligible for a lower amount
- you are not eligible.
NOTE
The system determines the approval/rejection by calculating all the formulas defined in Configuring the Business Formulas: whether or not you are eligible to determine your potential for the loan amount you asked for in the initial stages of the process. The formulas determine whether you meet the minimal requirements, the income weight, the scoring
Scoring is a statistical analysis performed by financial institutions to determine the creditworthiness of a borrower. and finally, the maximum DTI The Debt-to-Income ratio (DTI) is a personal indicator of a good balance between debt and income.
Monthly debt payment amount / Monthly gross amount (before taxes and other deductions)..
The system determines the approval/rejection by calculating all the formulas defined in Configuring the Business Formulas: whether or not you are eligible to determine your potential for the loan amount you asked for in the initial stages of the process. The formulas determine whether you meet the minimal requirements, the income weight, the scoring
Scoring is a statistical analysis performed by financial institutions to determine the creditworthiness of a borrower. and finally, the maximum DTI The Debt-to-Income ratio (DTI) is a personal indicator of a good balance between debt and income.
Monthly debt payment amount / Monthly gross amount (before taxes and other deductions)..