When we apply for a mortgage, the bank has a certain threshold, and will ask the borrower to provide proof of income, check the credit report and understand our credit status and debt ratio. Mainly look at overdue, credit card liabilities, credit, online loans and other data. When applying, the handling bank will comprehensively refer to the credit history and repayment ability, and finally check whether it can pass.

Higher debt ratio will affect mortgage approval.

When we use up the credit card limit to apply for a mortgage, usually the bank will let us return the credit card before applying. Then there is the plan to buy a house with a mortgage. Optimize the credit card bill three months in advance to handle the mortgage smoothly. The approval cycle of commercial mortgage varies from bank to bank. We can prepare all credit card installment bills three months in advance.

Why is it on? Because the credit report will not fully reflect the debt after the installment, thus reducing the debt ratio. It can only be brushed out after monthly repayment until the mortgage comes down.

The state is increasingly strict in controlling the inflow of credit funds into real estate, preventing the use of credit card money to buy a house. Now it is easy for banks to suspect that more than 70% of the credit card is used for mortgage loans, so they can only handle it after you return the credit card. If the funds are sufficient, please ignore the above methods.