Mortgage, credit card or debit card, which has a greater impact?
In fact, it all matters, but the degree is important.
1, the influence of credit cards
Useful credit cards have a positive effect on mortgage. Many people leave their status as white households through credit cards, which can provide reference for mortgage approval. Banks can judge the repayment ability and willingness of applicants from the repayment situation of credit cards. If the credit card repays on time every month, it shows that the applicant is honest and trustworthy and has the ability to repay.
However, it is best not to use a credit card for large overdraft six months before applying for a mortgage. After all, the credit information will show the average usage amount in the past six months. If the utilization rate of each line is too high, which exceeds the income of the applicant, but it can be repaid in time, it will make the bank think that it is reversing the card or cashing out, which is not conducive to loan approval.
2. The impact of borrowing
Borrowing is for credit reporting and consumer loans. Applying for a mortgage does not allow consumption to flow into the real estate market. For this reason, many banks will directly refuse loans by using loans before applying for mortgages. The big reason is that they are worried that the loan will be used to pay the down payment. Even if the loan is actually less, they may not approve the loan.
Many banks will ask to pay off the loan and issue a loan settlement certificate before they can apply for a mortgage.
In short, both credit cards and debit cards have an impact on mortgage loans, but they cannot be generalized. Especially before applying for a mortgage, it is best not to use a credit card as much as possible, otherwise the mortgage may be rejected.