1. Can I use a credit card during mortgage approval?
1. If you have applied for a mortgage and the bank is approving it, it is ok to use a credit card at this time, but be careful not to overdo it and avoid excessive consumption. If you overdraw, it may affect the review of the mortgage.
2. Also remember that you can't cash out by credit card, because it is illegal to cash out by credit card. Once the bank inquires, it will affect your credit status. Maybe the bank will consider that you have no financial ability, and he will doubt your repayment ability.
In addition, although you can use credit card, you can't lend it to others. If it is discovered by the bank, it will also affect the audit.
4. Some people even empty their credit cards and will be judged as cashing out. Even normal consumption will affect the loan review.
If you want to spend by credit card, you should pay attention to it, and you can't swipe your card in whole numbers, because banks can easily treat this behavior as cash.
Second, does the credit card have an impact on the mortgage?
1, many people are concerned about whether more credit cards will affect loans. Don't worry about this problem. Some people even have dozens of credit cards, but as long as they can repay on time and there is no overdue phenomenon, it will not affect the audit.
If you can repay on time, it will be considered as a good phenomenon, and the bank will think that you have the ability to repay. However, if the overdraft limit is large and overdue, and you have applied frequently in the last six months, it will have a certain impact on your loan.
Bian Xiao concluded: If you are going to buy a house with a loan, you must pay special attention to the use of credit cards at ordinary times, and there must be no overdue. At the same time, during the loan approval period, if you want to use a credit card, you should pay attention to some problems to prevent banks from refusing to lend.