Will the overdue credit card affect the mortgage? We need to treat it in a certain way. In general, most banks can provide time tolerance service to cardholders. Simply put, they can also provide users with an interest-free repayment period of 1-3 days after repayment. After paying off the arrears within the grace period, it will not affect the credit information or the mortgage. If everyone is overdue for a long time, such as more than 90 days, it is seriously overdue. At that time, let alone apply for a mortgage, even if you apply for an ordinary bank loan, you will be rejected.
So how can we improve the success rate of applying for a mortgage after the credit card is overdue? You can try this:
Step 1: provide your financial proof to the bank as much as possible, such as asset proof in your name or additional guarantee proof, so that you can prove your repayment ability to the bank;
The second step: take the initiative to accept other requirements or conditions put forward by the bank, such as providing loan interest rates or increasing the down payment ratio;
The third step: the last step, the borrower should take the initiative to negotiate with the real estate business. It is best to avoid state-owned banks and choose foreign banks, joint-stock banks or local banks, so that the mortgage pass rate will be higher.
In short, whether the overdue credit card will affect the loan to buy a house needs to be comprehensively evaluated according to multiple dimensions of information. Even if there is no problem with credit reporting, if the debt is too high, it will lead to the failure of mortgage approval.