Many people apply for a loan when buying a house, but to successfully apply for a mortgage, individuals need to have a good credit record. So, does an overdue credit card affect the mortgage loan? The following article will take you to find out. .

Will an overdue credit card affect the loan for buying a house?

An overdue credit card will affect the loan for buying a house, but if the overdue situation is not particularly serious, then the mortgage approval may still be passed. As for the mortgage loan approval that has been passed, but the credit card becomes overdue later, it will not affect the mortgage loan approval result.

Since each bank currently has different credit reporting requirements when applying for a mortgage, some stricter banks do not allow any overdue records to appear, while slightly more relaxed banks allow customers to apply once or twice. There is no malicious overdue record, so the regulations of the bank applying for the loan shall prevail.

If your credit card is overdue but you still want to get a loan to buy a house, there are three remedies:

1. Apply for a time tolerance for repayment. On-time repayment refers to the cardholder's repayment within three days of the latest repayment date, which can be counted as on-time repayment, and overdue payments will not be recorded in personal credit records.

2. Provide "non-malicious overdue certificate" in advance. If the cardholder repays the card after the bank's grace period, he should immediately submit a "non-malicious overdue certificate" to the bank and apply to cancel the overdue record.

3. Apply for a loan two years after the overdue date occurs. If your credit card is overdue, do not rush to cancel it. It is understood that banks usually look at the repayment record of the past two years when approving a card. If the cardholder can continue to use the card after the overdue period, it will not have much impact on the mortgage loan applied for after two years.