Credit cards can be used before the mortgage is approved. Because there is no conflict between using a credit card and applying for a mortgage, as long as the customer maintains good credit, has no bad records in the credit report, provides sufficient economic income information, and has the ability to repay the principal and interest of the loan on time, the mortgage can often be approved smoothly. Come down. If during the mortgage loan approval period, the customer uses a credit card to make purchases and the repayment is overdue, the mortgage loan may not be processed. This is because the customer's credit report will be checked when approving a mortgage, and overdue credit cards will also be reported to the credit report by the card issuing bank.

If you spend a large amount on your credit card during the mortgage application period, resulting in excessive debt, it may also affect subsequent mortgage approval. Therefore, it is recommended that customers choose to wait until the mortgage loan is successfully disbursed before using a credit card for consumption. If the bank refuses to approve a mortgage due to credit card debt, the customer needs to pay off the credit card as soon as possible (it must be paid on time, and overdue situations must be avoided).

What is the bank mortgage loan approval process?

1. The handling agency writes and submits a report for review. Generally, after we go to the bank to apply for a mortgage and submit the materials, we do not immediately enter the approval process. The bank's In addition to sorting out the materials you provide, the account manager must also check and print other ancillary information (such as information system inquiries for dishonest persons subject to enforcement, personal detailed credit reports, personal risk rating sheets, etc.), and then write a review report. Submit to the reviewer for review—signature of the person in charge of the operating organization—to the credit review department of the branch.

2. Review by the Credit Review Department. After receiving the materials submitted by the institution, the Credit Review Department will review them in accordance with the relevant regulations of the bank. If there are any questions or omissions, the operating institution will be asked to supplement the materials. If they do not meet the requirements, the materials will be returned to the operating institution (generally not , when the organization submits the application, it will review it by itself first). After the review is complete, the reviewers will issue review opinions and submit them to the person in charge of the review department for review.

3. Approval. After the review by the person in charge of the credit review department is correct, it will be submitted to the leader in charge of the branch for approval. Normal leaders will directly approve it after seeing it. It is rarely rejected. This is usually within three days.

4. After the loan is approved by the leader in charge, the review department can issue a notice of approval and submit the materials to the operating agency. At this time, the account manager can take the relevant materials to the loan center to apply for loan.