It will not affect the mortgage loan. The credit card limit will not affect the home loan and the mortgage limit. However, if the credit card is overdue and has bad credit conditions, it will affect the home loan.

Consequences of overdue payment

1. Liquidated damages, usually 5% of the unpaid portion of the minimum repayment amount.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

The factors that affect housing loans are as follows

1. The nature of your job

The nature of your job often reflects your income level and income stability. Banks tend to prefer high-income, stable, and high-end industries, including central enterprises, state-owned enterprises, Fortune 500 companies, etc. For example, civil servants, educators, doctors, monopolized industries, etc.

2. Low bank liquidity

If the bank has low liquidity, or less effective liquidity, the bank will think that you lack the "repayment ability". The definition of "effective flow" is important. "Enter the account on the same day, withdraw it on the same day" and "transfer the entire amount in, transfer the entire amount out" are definitely invalid transactions.

3. Credit cards are overdue

When using credit cards, be careful not to overdue repayments! At the same time, water and electricity bills, property fees, and mobile phone bills are also included in the certification list.

4. Frequent inquiries on credit reports

Do not frequently inquire about credit reports, especially entrust relevant financial institutions, such as banks, lending companies, etc. As long as the inquiry is made, it will be recorded in the credit report. As long as there is a credit report inquiry record, the bank is likely to determine that there is a "loan" history.

5. Excessive debt

The credit report will show your debt status, such as credit card installments, car loans, some small loans, etc. Having too much debt will cause the bank to ask for more income from you.

6. The situation of the house you purchased

The house you purchased is also an important basis for banks to consider lending. Generally speaking, banks are more cautious about smaller and older houses.

Extended information

What precautions should be taken when applying for a loan?

Be careful when using credit card installment, "Huabei" installment and other small loan products

The principles of credit card installment and "Huabei" are similar. In fact, this is a loan. The first is that it will increase the number of your credit inquiries. Secondly, this is also your liability, and the bank will think your spending habits are not good. Third, these "convenient" installment services may cause you to forget to repay.

Use credit cards appropriately to accumulate "integrity capital" for yourself. If credit cards and other loan products are not used well, it is called a black account; if they are not used at all, it is called a white account. Regardless of "black account" or "white account", they are not high-quality customers for banks.

Using credit cards healthily is also a way of accumulating "impression points" for the bank for future loans. It is an act of "saving character".

Reference materials: Baidu Encyclopedia - Credit Card? NetEase News - These factors may affect your home purchase loan