Details are as follows:
First, the record of overdue repayment is considered to be the performance of the borrower's bad credit. When banks approve mortgage loans, they will evaluate the borrower's credit status by looking at the borrower's credit report. If there are two overdue records of more than 90 days in five consecutive years, it means that the borrower's credit status is poor, which may be a signal that the risk of bank loans is increasing.
Second, banks, as creditors, need to ensure that borrowers have good repayment ability. For borrowers who are overdue for more than 90 days for many times, banks will think that their repayment ability is risky, so they may refuse the loan application.
Third, mortgage is a long-term loan, and banks pay more attention to the borrower's willingness to repay and credit status. Overdue for more than 90 days twice in five consecutive years indicates that the borrower has a big breach of contract in the repayment process, and this bad repayment record may have an adverse impact on the application for mortgage.
To sum up, if there are records that are overdue for more than 90 days twice in five years, the chances of applying for a mortgage will be greatly limited. This is not an absolute rule. Banks will consider other factors to make a decision, but generally speaking, borrowers in the above circumstances face great difficulties.
Supplementary information: Mortgage refers to the loan provided to buyers for purchasing houses. The application for mortgage should meet certain conditions and requirements, and be examined and approved according to the bank's policies and the borrower's credit status. Banks usually check the borrower's credit report, income status, assets status and so on. Evaluate its repayment ability and credit status. The record of overdue repayment is an important indicator in the credit report, which will have a great impact on the borrower's application for mortgage. Therefore, maintaining a good credit record and timely repayment is one of the important conditions for applying for a mortgage.
Please note that the above answers are based on general knowledge and experience, and the specific approval results may change due to the policies and personal circumstances of different banks. It is recommended to consult relevant financial institutions to get more accurate answers.