Can a credit card repay the loan? Do I have to pay off my credit card for my mortgage?

nowadays, when many people need money, they all borrow money through loan companies. Generally, after the loan, they pay back. Generally, if they want to pay back, they will be bound to the bank card when making the repayment agreement of the loan, so can the credit card repay the loan? Do I have to pay off my credit card when I apply for a mortgage? Next, let's take a look.

nowadays, when many people need money, they all borrow money through loan companies. Generally, after the loan, they pay back. Generally, if they want to pay back, they will be bound to the bank card when making the repayment agreement of the loan, so can the credit card repay the loan? Do I have to pay off my credit card when I apply for a mortgage? Next, let's take a look.

can a credit card repay the loan?

1. if we are directly on the bank's app, it is not possible to repay the loan with a credit card. If you want to repay the loan with a credit card, you can only withdraw cash. Under normal circumstances, credit cards will have a withdrawal limit of 5%. We can withdraw cash from the credit card at ATM or online banking, and then use the money to repay the loan.

2. A credit card is a special carrier card issued by a bank to individuals and units, which can be used for shopping, spending and depositing and withdrawing cash from the bank. In layman's terms, credit card is a kind of micro-credit payment tool provided by banks to users.

3. Credit card consumption can only be used in shopping and other activities, while credit cards can be used to buy cars and houses, but there are no points. Therefore, the so-called use of credit cards to repay loans, in fact, is to withdraw cash from credit cards to repay loans.

do I have to pay off my credit card for my mortgage?

1. No bank stipulates that the credit card debt must be paid off before the loan, but some banks will calculate the credit card debt as a liability when calculating the approval amount, so that the loan amount will be reduced.

2. However, if the credit card is used for repayment, it also means that the repayment ability is not very strong, and the bank will consider the repayment ability.

3. If you have money in your hand, you must replace the money in your credit card first, because the interest on credit card repayment is actually higher than 18%. If the discount rate of 4.158% for mortgage loans for more than 5 years is calculated, it is more than three times higher than the mortgage interest rate, which is a waste of money.

The above is about whether the credit card can repay the loan and whether it is necessary to pay off the credit card when handling the mortgage. In fact, using a credit card is similar to a loan, which is to spend first and then repay. Therefore, if you want to use a credit card to buy a house, you must know whether you have the repayment ability. After using the credit card, it is also very serious if you don't pay the loan.

how to use three credit cards to pay the house monthly?

The recycling methods of using three credit cards are as follows:

1. It is best to stagger the repayment dates of these three credit cards. For example, the repayment date of credit card A is set to the 1st of each month, the repayment date of credit card B is set to the 15th of each month, and the repayment date of credit card C is set to the 3th of each month.

2. When credit card A needs to repay 1 yuan on the 1st, the cardholder can withdraw cash from 1 yuan with credit card B to repay credit card A.. On 15th, credit card B needs to repay the cash withdrawal amount in 1 yuan, plus interest 7.5 yuan (assuming that the credit card has no cash withdrawal fee). Cardholders can use C credit card to withdraw 17.5 yuan to repay B credit card, so that they can repay each other through several credit cards. Cardholders can guarantee that several credit cards do not owe money without using their own funds, which will not affect the revolving credit.

3. Although you use a credit card, you can enjoy the longest interest-free period if you start spending on the second day of the billing date. However, if there are more credit cards, the billing date will be easily confused. Therefore, in addition to reasonably grasping the consumption quota of each card, we should also make a detailed list, which not only keeps the bill diary of each card clear, but also lists the repayment date item by item, so as to avoid being penalized by the bank for delaying repayment.

Precautions for mortgage:

1. Repay the mortgage in time

The principle of good faith is the imperial clause in civil activities, and it is also the clause that we must abide by when performing the contract. As the parties to the mortgage contract, it is our obligation to repay in time and in full according to the conditions agreed in the contract. Now the country has realized the inter-bank credit system. If you don't repay the loan in time, you will be blacklisted in the bank credit system, which will affect your future business in the bank, so each of us should repay the loan in time according to the contract.

Second, choose the repayment method carefully

Generally, the mortgage loan contract is a standard clause contract, and there are two repayment methods. One is the repayment method of equal principal and interest, which is to repay the same amount of loans (including principal and interest) every month during the repayment period, so that the monthly repayment amount is fixed, so that the expenditure of family income can be controlled in a planned way, and it is also convenient for each family to determine the repayment ability according to their own income. The other is the repayment method of equal principal: the principal is repaid in equal amount every month, and then the interest is calculated according to the remaining principal, so more interest will be paid at the beginning, so that the repayment amount will be more at the beginning, and then it will decrease every month at the following time. The advantage of this method is that the interest expenditure will be reduced because of the large repayment at the beginning, which is more suitable for families with strong repayment ability. You can choose the repayment method according to your actual situation when signing the loan contract, so as to avoid the phenomenon of default.

3. Rational use of housing accumulation fund

Housing accumulation fund is a long-term housing deposit paid by units and their employees, and it is the main form of monetization, socialization and legalization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill the obligation to pay housing provident fund according to law. One advantage of housing provident fund is that it is lower than the loan interest of commercial banks. If your unit pays you the housing provident fund, you can use the housing provident fund loan to repay the mortgage, which will not only reduce your monthly repayment pressure, but also reduce the total expenditure of using housing provident fund loans compared with the total loan repayment of commercial banks.

IV. Reasonably determining the loan term

Mortgage loan contracts generally have clauses on early repayment of loans, and early repayment of loans must be approved by the bank, because early repayment of loans will have an impact on the long-term income of the bank. In real life, banks usually charge liquidated damages for early repayment. Of course, the policies of different banks will be different. Therefore, buyers should choose a reasonable loan period according to their actual situation when signing mortgage contracts, so as to avoid unnecessary losses caused by early repayment.

The skill of monthly mortgage repayment with credit card

is to set the billing date of credit card before the mortgage repayment date as far as possible. Because the credit card limit can be recycled, you can pay off the credit card bill by reversing the card. When using a credit card to repay the monthly mortgage, don't overuse the funds in the credit card.

first, a credit card, also called a debit card, is a credit certificate issued by a commercial bank or a credit card company to a consumer with qualified credit. It is in the form of a card with the name, expiration date, number and cardholder's name printed on the front, and a magnetic stripe and signature strip on the back. Consumers with credit cards can go to special commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limit.

second, the credit card stipulated in the relevant laws of our country (the NPC Standing Committee's Interpretation of the Provisions on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or some functions such as consumer payment, credit loan, transfer settlement, cash deposit and withdrawal. On December 1, 217, the Standard for English Translation and Writing in Public Service Field was officially implemented, stipulating that the English name of the CreditCard standard is Credit Card.

third, credit card consumption is a non-cash transaction payment method, and there is no need to pay cash when spending, and repayment will be made on the BillingDate. Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which cardholders have a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the specified credit limit. The credit card generally refers to a credit card.

fourth, from January 1, 221, the credit card overdraft interest rate will be determined by the card issuer and the cardholder through independent negotiation, and the management of the upper and lower limits of the credit card overdraft interest rate will be cancelled (the original upper limit is .7 times of the daily interest rate of .5 ‰, and the lower limit is .7 times of the daily interest rate).

Fifth, on May 25th, 221, the Supreme People++promulgated and implemented the Provisions of the Supreme People++on Several Issues Concerning the Trial of Civil++Cases of Bank Cards

Can a credit card repay the monthly mortgage

Yes. However, the billing date of the credit card should be before the repayment date of the mortgage as far as possible, and the available credit card amount should not be too low when the credit card repays the mortgage monthly.

after the credit card is billed, we must pay off the bill before the final repayment date of the credit card, so that it will not be overdue and will not generate any interest. From the perspective of capital utilization, the credit card billing date is before the mortgage repayment date, so as to maximize the capital utilization.

Finally, I remind you to plan the monthly repayment amount in advance in case you are under too much pressure.

Extended information:

Matters needing attention in mortgage repayment:

1. To adjust the repayment amount, you need to contact the bank yourself.

Since it is the amount agreed between the purchaser and the bank, the monthly payment will not decrease with the interest rate cut by the central bank, so it is necessary for the purchaser to negotiate with the lending bank again. Equal principal and interest of commercial loans are suitable for buyers with stable income. In most cases, mortgages will be equal principal and interest. Matching principal and interest means that the amount of money you pay back each month is fixed. Although the overall interest will increase, it is convenient for borrowers to arrange income and expenditure, and it also saves a lot of trouble.

2. Matching principal and interest payments in January may increase

Commercial loans are different because of loan banks and repayment methods. Under the repayment method of equal principal and interest, the monthly payment of most banks will increase slightly. Specifically, although the interest is decreasing, the adjusted principal has increased. Average capital is suitable for property buyers with relatively abundant funds on hand. Because the principal of the mortgage in average capital is the same from beginning to end, but the interest is changeable and less, the monthly repayment amount will decrease month by month with the passage of time.

3. average capital does not recommend prepayment

Under the repayment method in average capital, the borrower's interest this month decreased slightly, and the overall monthly payment was lower than last year. Specific to different banks, there will also be differences in reduction and increase. Due to the repayment in average capital way, the first thing that the purchaser returns is mainly interest.

can I pay my mortgage by credit card? What should I pay attention to when repaying my mortgage?

Nowadays, almost all young people have applied for credit cards. Although credit cards can spend money in the future, they can solve the current difficulties, so they are very popular. Can I use a credit card to repay my mortgage when I can't repay my mortgage because I'm short of money? From a legal point of view, that is definitely not possible, and if the amount is too large, it will violate the law. What should I pay attention to when repaying my mortgage?

Nowadays, almost all young people have applied for credit cards. Although credit cards can spend money in the future, they can solve the current difficulties, so they are very popular. Can I use a credit card to repay my mortgage when I can't repay my mortgage because I'm short of money? From a legal point of view, that is definitely not possible, and if the amount is too large, it will violate the law. What should I pay attention to when repaying my mortgage? We must pay attention to the choice of housing loan types before repaying the mortgage, for example, housing provident fund loans are very good.

can I pay my mortgage by credit card?

1. Can a credit card repay the mortgage? Credit card can't be used as the repayment account of mortgage, that is to say, if credit card can't use credit line to repay through consumption, it can't enjoy the interest-free period of credit card for up to 5 days.

2. Therefore, the so-called repayment of mortgage by credit card is actually the withdrawal of cash from credit card to repay mortgage. Once the credit card uses the cash withdrawal service, it is the beginning of the cardholder's interest "trap": banks charge a handling fee ranging from .5% to 1% for domestic cash withdrawal. In addition to the handling fee, the cardholder must pay interest, which is calculated according to the daily interest rate of 5% and the annual interest rate of 18%. It is equivalent to borrowing a+++in addition to the mortgage.

3. As to whether the misappropriation of credit card to repay mortgage is illegal cash, some insiders said that this can only be said to be a loophole in the law. However, the person also said that according to the relevant provisions of the law, a malicious overdraft of more than 5, yuan can be sentenced to three years in prison.

what should I pay attention to when repaying my mortgage?

1. Note: to adjust the repayment amount, you need to contact the bank yourself. Since it is the amount agreed between the purchaser and the bank, the monthly payment will not decrease with the interest rate cut by the central bank. Therefore, it is necessary for the buyer to agree with the loan bank again that the monthly payment will be adjusted according to the new interest rate from the repayment date of 216, otherwise the bank will still calculate according to the original monthly payment, so it will not be able to enjoy the actual benefits brought by the interest rate cut in a short time.

equal principal and interest of commercial loans are suitable for buyers with stable income. In most cases, mortgage loans will be equal principal and interest, because for those buyers who have little knowledge about buying a house or even buying a house loan, all they need to know is how much they will pay back in one month. Matching principal and interest means that the amount of money you pay back each month is fixed. Although the overall interest will increase, it is convenient for borrowers to arrange income and expenditure, and it also saves a lot of trouble.

2. Note: the monthly payment of the same amount of principal and interest may increase in January, and the monthly payment of commercial loans in January 216 will be different due to different loan banks and repayment methods. Under the repayment method of equal principal and interest, the supply of most banks will increase slightly in January. Specifically, although the interest is decreasing, the adjusted principal has increased. This situation will change in February, that is, the monthly supply in February will decrease, and the monthly supply for the whole year will be subject to February.

average capital is suitable for property buyers with relatively abundant funds on hand. Because the principal of the mortgage in average capital is the same from beginning to end, but the interest is changeable and less, the monthly repayment amount will decrease month by month with the passage of time. For those who just need to buy a house and decorate it urgently, the initial repayment pressure is too great to choose. However, if you have ample funds, it is more cost-effective to choose average capital with less interest.

3. Note: average capital does not recommend prepayment. Under the repayment method in average capital, the borrower's interest this month has slightly decreased, and the overall monthly payment is lower than last year. Specific to different banks, the monthly payment in January will also be reduced and increased. As the repayment is made according to the average capital method, the interest is the main thing that the buyer repays first. At present, when the central bank is in the interest rate reduction channel, the interest rate of bank loans has dropped, which makes the interest returned at this time relatively reduced, so the buyer does not have to rush to repay in advance in January 216.

what should I pay attention to when repaying my mortgage? Some people don't plan the monthly repayment amount in advance, so that they are burdened with too much.