You don't need to pay off all the credit cards when applying for a mortgage, but some banks will calculate the credit card arrears as liabilities when calculating the approval amount, so that the loan amount will be reduced and the credit card can't be overdue, otherwise it will affect all kinds of loans. It is best not to use the minimum repayment amount for the three-phase credit card bill before handling the mortgage, because the minimum repayment amount means that the cardholder's repayment ability is not very strong, so the bank will doubt whether you can repay on time when approving the mortgage. Therefore, the use of credit cards also needs attention.
In fact, whether the mortgage application can pass the audit, income and credit are very important. As long as you have good personal credit, meet the loan conditions of the bank and have sufficient assets and financial resources to repay the principal and interest of the loan on schedule. Then the bank won't care too much about whether your credit card has been paid off. If you want to buy a house, you'd better reduce the credit card debt ratio, so that the bank can rest assured of the use of your funds. If your income is high and your credit information is good, your chances of getting a mortgage loan are higher.
Personal housing loan Personal housing loan is a kind of consumer loan, which refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for personal use. When a lender issues a personal housing loan, the borrower must provide a guarantee. If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest. The loan object is a natural person with full capacity for civil conduct. The loan conditions are that urban residents use it to buy ordinary houses for their own use, have a house purchase contract or agreement, have the ability to repay the principal and interest, have good credit, and have a down payment of 30% of the funds needed for house purchase and a loan guarantee recognized by the bank. Personal housing loans are limited to the purchase of self-occupied ordinary housing and urban residents' self-occupied housing, and may not be used to purchase luxury housing.