There is no need, as long as the lender's credit card is used normally and paid off on time, it will not affect the mortgage application. The bank's approval of mortgage is mainly to comprehensively evaluate the individual's economic income, bank flow, assets and liabilities, credit information and so on.
The impact of credit card use on mortgage loans is as follows.
Credit card use: before applying for a mortgage, you should control the credit card use quota. Generally, the credit card limit cannot exceed 50%. If there is a credit card installment, you need to pay it off in full before you can apply for a mortgage. If it is installment payment, the bank will judge that your repayment ability is not strong and it is easy to be refused a loan.
There are too many credit cards. For example, there are more than a dozen credit cards in your name. Whether you use them or not, these credit cards will be displayed in your credit report, and it will also increase your credit card debt ratio, which is not conducive to approval.
Credit cards have overdue records, and applying for loans requires reading personal credit report, so credit reporting plays a very important role in loan business. If there is a bad record, it is easy for banks to refuse loans, or the overdue period is not serious, which will also affect the credit line and loan interest rate.
There are many kinds of overdue, but the small overdue within 1 month, or two years ago, basically has no impact. After all, mortgage is a mortgage. But short-term overdue, or long-term overdue, more than 3 months, the impact will be great! If the new house has bargaining space, credit card withdrawal only shows post-loan management, not credit card approval. Post-loan management will hardly affect the mortgage! Just like my last article, "The credit card has a recommended amount, but the withdrawal failed. What happened? There is a recommended quota, you can click. It also shows that post-loan management has nothing to do, but not all banks will show post-loan management at one time. Although the article is a photo of BOC, BOC shows post-loan management again and again. But it doesn't matter But second-hand houses will be very sad unless you spend money to find someone.
Getting a credit card requires getting a mortgage.
Handling credit cards requires mortgage, which is a routine for many banks to bundle sales. In this case, it is difficult for the borrower to refuse, and if he does not apply, he may not get the loan. However, users can choose to cancel after handling, and they can borrow money in this way, which will not have any impact on individuals.
If the user does not have a credit card, the credit card owned by the mortgage can also be used, as long as it is repaid on time. Don't spend too much at ordinary times to prevent overdue repayment from happening on time, and overdue repayment will also affect personal credit information.
When handling the mortgage, the borrower needs to submit various materials, such as personal ID card and copy, down payment, house purchase contract, bank account, marriage certificate, etc. And other conditions stipulated by the bank. It usually takes about 1 month to apply for a mortgage, so wait patiently after submitting the materials.
When applying for a mortgage, you can choose different repayment methods. Generally, it is equal principal and interest and average capital. Under the same loan conditions, the total interest paid by matching principal and interest is more than the average capital, the monthly repayment amount of matching principal and interest is the same, and the average capital decreases every month.
Do I need to pay off my credit card loan?
There is no need to pay back the credit card when applying for a mortgage, and there is no bad credit record, which does not affect the normal loan.
There is no requirement to pay off the credit card when handling the mortgage, and the loan approval is subject to the personal comprehensive score.
No bank stipulates that the credit card debt must be paid off before the loan, but some banks will calculate the credit card debt as a liability when calculating the approval amount, so the loan amount will be reduced; However, if the credit card adopts the minimum repayment amount, it also shows that the repayment ability is not very strong, and the bank will consider the repayment ability.
Personal housing loan is a kind of consumer loan, which refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for personal use. When a lender issues a personal housing loan, the borrower must provide a guarantee. If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest.
The loan object is a natural person with full capacity for civil conduct. The loan conditions are that urban residents use it to buy ordinary houses for their own use, have a house purchase contract or agreement, have the ability to repay the principal and interest, have good credit, and have a down payment of 30% of the funds needed for house purchase and a loan guarantee recognized by the bank.
Personal housing loans are limited to the purchase of self-occupied ordinary housing and urban residents' self-occupied housing, and may not be used to purchase luxury housing.
Personal housing entrusted loan is the full name of personal housing guarantee entrusted loan, which refers to the personal housing loan issued by the housing fund management center entrusted by commercial banks with housing provident fund.
Housing provident fund loan is a policy personal housing loan, on the one hand, the interest rate is low; On the other hand, it mainly provides such loans to low-and middle-income workers who pay the provident fund. However, because the interest difference between housing provident fund loans and commercial loans is above 1%, both investors and ordinary people who buy houses and live in their own homes are more inclined to choose housing provident fund loans to buy houses.
Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, personal housing secured loans.
Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Do I have to pay off all my credit cards before I apply for a mortgage?
When you apply for a mortgage, you don't have to settle all the bank credit cards. All you need is a bank credit card, no big debts, and no overdue cases. But if you have a lot of debts, you have to pay them back. If there is a large amount of debt, it may be judged to pay the down payment for the bank credit card.
In addition, credit card arrears will be judged as arrears, which will affect the mortgage review to some extent. When we submit a loan application to the bank, the bank will ask us to issue a credit report to determine whether we can borrow money.
If our credit status is good, there may be a discount, and those with overdue data may need to raise prices or even borrow money. It can be said that the credit report is my economic identity card. In the report, the bank will judge the lender's loan intention according to the "historical loan data" in the lender's credit report. Inquire about "loan amount" and "external guarantee". And judge whether it is loan approval and total loan approval.
If the credit is good and the total amount of banks is sufficient, the efficiency of issuing loans will be faster. If there are overdue data, banks will be more cautious when issuing loans, which is not conducive to obtaining loans or raising loan costs.
When banks assess the repayment period of mortgage loans for lenders, they first take age as the basis.
Generally speaking, in the case of meeting the loan conditions, the younger the age, the longer the loan period, and the older the age, the shorter the loan period. Generally speaking, the lender's age loan period does not exceed 60 years, which is the loan period that banks can apply for.
When a lender buys a house, the "age" of the purchased property will affect how long he can borrow. According to the requirements of the bank, it is easy to get loans for newer houses. For example, the second-hand houses with a construction period of 10 years have good conditions at all levels, and banks are willing to speed up the efficiency of housing loan review in this period. However, the old houses in the 1970s and 1980s are relatively old, and the credit risk controlled by banks is relatively high, so banks are very cautious in the loan review of such houses.
So much for the introduction of mortgage credit cards.