Friends who have handled mortgages know that mortgage approval is very strict, not only to measure the applicant's repayment ability, but also to see his debt situation. The large installment of credit card is also a kind of debt, which will be shown in the credit report. However, people often apply for large credit card installments, which leads to the rejection of mortgage approval. So, why is this happening? Let's have a look.

Analysis of the reasons for refusing mortgage loan;

The rejection of mortgage application is mainly due to the applicant's lack of comprehensive score, which is generally caused by the following three situations:

1, personal credit is bad, overdue or too expensive.

2, no repayment ability, that is, the income is too low, or the work is unstable.

3. The debt ratio is too high and the risk of overdue is high.

Why can't a credit card handle a large installment mortgage?

Large credit card installment is also a kind of large debt. Although it is not directly related to the mortgage, it will also be displayed on the credit report after handling. There may be several manifestations. One is to directly display the account opening of large credit cards in the loan information on the credit report, or it may be taken out separately and put into a large exclusive installment.

Banks can judge the applicant's debt at a glance when approving the mortgage, and then measure whether the applicant has the ability to repay the loan according to his income. If you add a large installment debt, the applicant's total debt will exceed 50%, which will be considered as insufficient repayment ability and refuse to approve the loan.

Therefore, if the applicant wants to apply for a loan to buy a house, it is best not to apply for a large credit card installment in the last six months. If he has applied, he must try his best to collect money to pay off the large installment nearly three months ago, even if he has no money to borrow money from someone. After all, I hope that the mortgage will be approved.