Does the loan for buying a car affect the loan for buying a house?

Buying a car and buying a house has become the urgent need of every family, and it is also the goal that some people strive for all their lives. Therefore, many people will buy these two by way of loans. So, will buying a car loan affect buying a house loan? What should I pay attention to when buying a house loan? Today, Xiaobian will analyze the mutual influence of the two loans for everyone.

first, the car loan affects the house loan

the car loan will affect the house loan. First of all, our debt service ratio has a direct impact. That's because banks will measure borrowers' repayment ability according to the debt repayment rate. If you buy a car with a mortgage loan, the car loan has not been paid off, your income is not high, and the debt repayment rate is not up to standard, you can't borrow money to buy a house.

2. Precautions for buying a house loan

1. Do what you can

Buying a house is not just a simple down payment, it usually has a long-term monthly payment. The more down payment, the less monthly payment. We also have to pay interest. If your loan term is longer and your loan amount is larger, you will pay more interest on the loan, which will increase your repayment pressure. Of course, if you pay in full, you can ignore these.

2. The materials should be true

Before lending, the bank will make a qualification examination according to the materials and personal situation provided by the applicant. If the loan buyers provide false materials to the bank, it may have a serious impact: it will affect the bank's review, and it will not be possible to issue loans and realize their dream of living; Even worse, it may be because individuals provide false materials, which leads to the inability to apply for loans.

3. Prepayment

For some friends, they may want to prepay, which is not impossible. However, there will be some conditions and requirements. For example, part of the prepayment should be made after one year of repayment, and the amount returned should exceed the repayment amount of six months, depending on the provisions in the loan contract.

article summary: that's all about whether the car loan affects the house loan. For ordinary people, it's safer to do it step by step. If your repayment is overdue and recorded by the bank, it's really not worth the candle.

does the car loan affect buying a house? What are the factors that affect the mortgage?

Nowadays, it is a common way to buy things by loan, and buying a house by loan has become the choice of most buyers. Whether the loan can be successfully approved has a great relationship with whether we can buy the house we like. If we are not careful, we may lose the opportunity to own a good house. Then, will buying a car loan affect buying a house? What are the factors that affect mortgage approval?

Nowadays, it is a common way to buy things by means of loans, which has become the choice of most buyers. Whether the loan can be successfully approved has a great relationship with whether we can buy the house we like. If we are not careful, we may lose the opportunity to own a good house. Then, will buying a car loan affect buying a house? What are the factors that affect mortgage approval?

does the loan for buying a car affect the purchase of a house?

In principle, no matter what kind of loan application, you can apply as long as you meet the requirements of the loan and prepare complete documents, and there will be no influence between the loan products.

it is the borrower's debt repayment rate that will affect the car loan or mortgage. Debt service ratio refers to the ratio between monthly expenditure and monthly income of individual debts. Banks will measure the borrower's repayment ability according to the debt service ratio, and then decide how much to lend and whether to provide loans. Generally speaking, when the debt service ratio exceeds 5%, banks will not issue loans again.

therefore, if the borrower has not paid off the car loan and is affected by the debt repayment rate, the amount of mortgage that the borrower can borrow will be reduced correspondingly under the condition of constant income, which will lead to a corresponding increase in the down payment to be paid in the early stage.

as long as the buyers have no bad record in the process of mortgage car loan and the debt service ratio meets the standard, then the problem of buying a house by loan is not big. However, if the income of property buyers is not very high, the chances of getting a car loan are relatively small when the existing mortgage is in existence, and the amount of car loan that can be applied for is correspondingly less.

What are the factors that affect the approval of mortgage

1. Personal credit record

When a buyer applies for a mortgage, the bank will first check the borrower's personal credit report. If the report shows that he has made three consecutive repayments or accumulated six repayments in the past two years, the borrower's application for a house loan will mostly be rejected. Therefore, everyone must maintain their personal credit in daily life and pay off credit card loans in time.

2, repayment ability

Speaking of the repayment ability of buyers, in addition to personal credit records, banks will also focus on reviewing the repayment ability of borrowers. If the debt is too large, or the income and work are unstable, it will affect the approval of mortgage loans. In the mortgage approval, the occupations with high scores are civil servants, teachers, doctors, lawyers and certified public accountants, and industries with strong competitive advantages are also very popular, such as the financial power supply industry. At the same time, the higher the education, the easier it is for people to apply for bank loans.

3. Down payment

According to the requirements of banks, customers applying for mortgage loans need to have a certain proportion of down payment. Generally, the down payment ratio of the first home loan is not less than 3%, and that of the second home loan is not less than 6% (some cities require not less than 7%). Therefore, customers who apply for a mortgage must prepare enough down payment. Generally speaking, the more down payment a borrower makes, the easier it is to get a loan.

4. Excessive debt

In addition to the personal credit of buyers, the borrower's debt will also affect the loan approval. For example, the monthly repayment of credit cards exceeds 5% of monthly income, or the repayment of existing car loans and mortgages exceeds 5% of monthly income. Therefore, before applying for a house loan, the borrower must first confirm the factors that affect the approval of the house loan, so as to avoid problems as much as possible and thus affect the loan application.

There are many things that buyers should pay attention to when buying a house, especially when buying a house with a loan, such as what information should be prepared before the loan (personal credit report), proof of income and running water, the same payer, the ownership of the property after divorce, and whether a cheap house can be bought by judicial auction.

will buying a car loan affect buying a house? What are the elements of mortgage approval

Many people may not pay too much attention to the problem of loans in their normal days before they touch the real estate. Now most people buy houses through loans, so we still need to pay more attention to the details of the days, which is likely to affect the handling of loans. So does buying a car loan have an impact on buying a house? What are the factors that affect mortgage approval?

Many people may not pay too much attention to the problem of loans in their normal life before they touch the real estate. Now most people buy houses through loans, so we still need to pay more attention to the details in our daily life, which will probably affect the handling of loans. So, does buying a car loan have an impact on buying a house? What are the factors that affect mortgage approval?

does a car loan affect the purchase of a house?

In principle, no matter what kind of loan is requested, you can request it as long as you meet the loan requirements and prepare complete material proof, and there will be no influence between loan products. What will affect the car loan or mortgage is the lender's debt repayment rate. Debt service ratio refers to the share between the monthly expenses and monthly income of individual debts. The bank will measure the repayment ability of the lender according to the debt service ratio, and then decide how much to lend and whether to provide loans to it. Generally speaking, when the debt service ratio exceeds 5%, the bank will not issue loans again.

if the lender has not paid off the car loan and is affected by the debt repayment rate, the amount of mortgage that the lender can borrow will be reduced accordingly under the condition of constant income, which will lead to the corresponding progress in the down payment required in the early stage. As long as the buyers have no bad records in the process of mortgage car loan, and the debt service ratio is in line with the norms, then the problem of buying a house by loan is not big. However, if the income of buyers is not very high, the chances of obtaining car loans are relatively small under the condition of existing mortgages, and the amount of car loans that can be requested is correspondingly less.

What are the factors that affect the approval of mortgage

1. Repayment ability

Speaking of the repayment ability of buyers, in addition to personal credit records, banks will also focus on reviewing the repayment ability of lenders. If the debt is too large or the income and work are unstable, it will affect the approval of mortgage loans. In the mortgage approval, the occupations with high scores are civil servants, teachers, doctors, lawyers and certified public accountants, and occupations with strong competitive advantages are also very popular, such as financial power supply occupations. Together, the higher the education, the easier it is for people to ask for a bank mortgage.

2. Personal credit records

When a buyer requests a mortgage, the bank will first check the lender's personal credit statement. If the statement shows that he has repaid three times in succession or accumulated six times in the past two years, the lender's request for a house loan will mostly be rejected. Therefore, we must protect our personal credit in our daily life and pay off credit card loans in time.

3. Excessive debt

In addition to the personal credit of the buyers, the debts borne by the lenders will also affect the loan approval. For example, the monthly repayment of credit cards exceeds 5% of monthly income, or the repayment of existing car loans and mortgages exceeds 5% of monthly income. Therefore, before dealing with the housing loan, the lender must first admit what factors affect the approval of the housing loan, so as to prevent problems as much as possible and then affect the loan request.

4. Down payment

According to the requirements of the bank, the customer who requests the mortgage needs a certain share of down payment, generally, the down payment share of the first home loan is not less than 3%, and the down payment share of the second home loan is not less than 6% (some cities require not less than 7%). Therefore, customers who request a mortgage must be prepared to meet the down payment. Generally speaking, the more down payment a lender gives, the easier it is to get a loan.

that's all I've summarized about whether car loans affect buying a house. Whether buying a car loan will affect buying a house loan, the most critical issue is your repayment ability. In addition, I also attach four reasons why it is difficult for the bank to approve the loan successfully, hoping that you can plan ahead and don't let the "loan refusal" happen to yourself.

Will buying a car affect the loan for buying a house?

As long as the repayment of the car loan is normal and the housing loan can be repaid normally, the application for the house loan will not be affected.

According to Article 5 of the Measures for the Administration of Individual Housing Loans, borrowers must meet the following conditions at the same time:

1. Have permanent residence in cities and towns or valid residence status;

2. Have a stable occupation and income, good credit and the ability to repay the loan principal and interest;

3. Have a contract or agreement to purchase a house;

4. If there is no housing subsidy, not less than 3% of the total price of the purchased house shall be used as the down payment; If there is housing subsidy, 3% of the individual's commitment will be the down payment of the house purchase;

5. There are assets recognized by the lender as collateral or pledge, or units or individuals with sufficient compensatory capacity as guarantors;

6. Other conditions stipulated by the lender.

Extended information:

Article 12 of the Measures for the Administration of Individual Housing Loans, the interest rate of individual housing loans issued with credit funds shall be reduced according to the legal loan interest rate (excluding floating). That is, if the loan term is less than one year (including one year), the legal loan interest rate for less than half a year (including half a year) shall be implemented; If the term is 1 to 3 years (including 3 years), the legal loan interest rate of 6 months to 1 year (including 1 year) shall be implemented;

if the term is 3 to 5 years (including 5 years), the legal loan interest rate of 1 to 3 years (including 3 years) shall be implemented; If the term is 5 to 1 years (including 1 years), the legal loan interest rate for 3 to 5 years (including 5 years) shall be implemented; If the term is more than 1 years, it will rise appropriately on the basis of the statutory loan interest rate for 3 to 5 years (including 5 years), and the maximum floating rate shall not exceed 5%.