No. Credit cards cannot be used to purchase houses. It is stipulated that credit card funds shall not be used in non-consumption areas such as house purchase, investment, production and operation. Although you can pay with a credit card when buying a house, once the credit card bank finds out the flow of funds. You will be required to repay within a specified time or even have your card suspended by the bank. This is risky behavior for consumers. Therefore, it is not recommended to pay directly by credit card.

What should I do if I pay a down payment to buy a house, but the loan is not approved?

Normally, if the bank has no money to lend or the loan is slow, it is not considered a breach of contract. If it is your own problem, then you have to bear the liability for breach of contract. The details are as follows:

1. Reasons of the developer

If the developer sells houses that do not meet the sales conditions, that is, the developer does not obtain a pre-sale license or sells existing houses that do not meet the conditions for use. , the bank will not approve the loan if it is found in this situation during review. At this time, the home buyer can ask the developer to return the down payment and deposit, and ask the developer to pay the corresponding interest loss.

2. Reasons of the home buyer

If the information provided by the home buyer is untrue or the home buyer's credit record is not good and the bank does not approve the loan, the home buyer should bear the liability for breach of contract.

3. Reasons other than those between the buyer and the seller

If government policies or bank regulations change and the loan that the home buyer should have obtained cannot be realized, the home buyer should negotiate with the developer. If the negotiation fails and there is no agreement in the contract. Home buyers can sue and prove that they are not at fault and are indeed unable to purchase the house, and require the developer to return the down payment and deposit.

Warm reminder:

In order to avoid disputes due to mortgage failure, home buyers should start from the following three points to control risks to a minimum when signing a house purchase contract.

1. Before signing a home purchase contract, while listening to the opinions of the developer, the home buyer should try to conduct detailed consultation with the lending bank to understand the conditions and requirements for loan approval, and to understand their own repayment ability and loan capacity. There are certain psychological expectations whether it will be approved or not.

2. When the two parties signed the house purchase contract, they clearly agreed on the buyer’s right to terminate the contract if the mortgage failed. That is, it was stipulated in the contract that if the bank refused to handle the mortgage procedures and the buyer was unable to obtain In the case of a loan, the buyer has the right to terminate the house purchase contract and be exempted from liability for breach of contract.

3. If the bank applies for a loan and signs a "Loan Agreement" with the home buyer, clearly agreeing on the loan time, but then fails to provide the loan on time for various reasons, the home buyer has the right to rely on the "Loan Agreement". The "Loan Agreement" requires the bank to pay the house on time and hold it responsible for corresponding breach of contract.