1. If you withdraw cash before buying a house, or withdraw cash by credit card, the interval is short, and the bank will check the source of personal down payment. Then, in this case of suspected use of credit cards to buy a house, banks will require buyers to pay off their credit cards before they can pass the loan approval.
2. If you use a credit card for personal consumption one year before buying a house, or for a longer period of time, you don't have to pay it off in principle. But whether it depends on personal debt and income. Excluding the use of credit cards to buy a house, as long as the personal debt repayment ratio is reached, the bank can also borrow money without paying it off. For example, your monthly income is 5,000 yuan, your credit card is 2,000 yuan, and your mortgage is 2,000 yuan. In this case, the bank will give you a loan, and the bank will ask you to return your previous credit card to ensure that you can repay your monthly payment. Other liabilities are the same, depending on bank policy. According to the previous policy, as long as there is enough repayment ability, loans can be made without dealing with liabilities. According to this year's policy, banks usually ask for repayment of debts.
In addition, whether to buy a house with a credit card depends on the bank, which has different requirements. In the past, the management of personal liabilities by the four major banks was relatively humane and relaxed. Only loans are reasonable, and you can't cash in to buy a house. As long as the income is enough, there is no need to pay it back. And some small banks, such as credit cooperatives, generally need to pay off before they can give you loans.
Therefore, if you plan to buy a house, you must use credit cards scientifically, otherwise it will affect the loan for buying a house. If you want to use it, it is recommended to use it after the loan is approved. Previously used loans must be repaid on time and cannot be overdue. In addition, more consumption, less cash. Multiple credit cards must be managed well, otherwise it will be difficult to get loans in the future.
To sum up, whether to pay off the credit card when buying a house depends on the purpose of the credit card and the auditing standards of the bank. Different banks, different policies and different standards.
Does it matter if you owe money on your mortgage or credit card?
If there are multiple credit cards under the user name, and all credit cards have outstanding debts, banks will find that the user's debt ratio is high when inquiring about the user's credit information, thus affecting the housing loan. However, the user only has one credit card or multiple low-limit credit cards. At this time, the debt is not high, which will not affect the mortgage review.
Excessive debt ratio is one of the factors for banks to audit lenders. Please pay attention to controlling your debt ratio when applying for a mortgage.