After the mortgage is approved, as long as the user's credit card (debit card) status is normal and there is an available credit line, then the user can swipe the credit card (debit card) normally. During the application for mortgage, users are not advised to use credit cards (debit cards) because overdue repayment may affect the results of mortgage review. And it has been approved, even if the credit card (debit card) is overdue, it will not affect the mortgage.
For users, whether the credit card (debit card) is used or not, as long as it is not cancelled, the credit line will be counted as the user's debt, which will also affect the mortgage line to some extent.
Can I use a credit card (debit card) after the mortgage is approved?
After the mortgage is approved, users can use credit cards (debit cards) normally. Even during the mortgage approval period, users can use the card, but they should pay attention to repayment on time and do not generate overdue records. Since credit cards (debit cards) are mainly used for daily consumption, there is no need for users to stop using them during the application for mortgage. At this time, they only need to use the card according to normal consumption habits.
In addition, after the mortgage is approved, the bank will inform the user to sign the mortgage contract, and then the bank will allocate funds according to the agreement.
Can I swipe my credit card after the mortgage is passed? Pay attention to these things
When handling a mortgage loan, the bank will know the lender's credit and liabilities by querying the credit information. Credit card usage is also a personal debt, which will affect mortgage approval more or less. Some people think that since you can't swipe your credit card after the mortgage is approved, you can swipe your credit card after passing it. Let's discuss it below.
Can I swipe my credit card after the mortgage is passed?
It depends on the situation. There are two situations: lending and not lending.
1, has been lending money.
After the mortgage is over, the bank has already lent money. In this case, it is useless to swipe a credit card.
After all, credit cards are meant for us, not at home. As long as they are normal credit cards, they will not violate the rules.
Feel free to use it boldly. It should be noted that after using the credit card, remember to repay on time. In order to avoid overdue, you should swipe your card within your ability.
I haven't lent it out yet.
The mortgage has passed, and the bank has not yet lent money. It's best not to use a credit card in a hurry, especially not to spend a lot of money on it. You can check the credit information after the bank has passed and before lending.
The loan officer will add the credit record shown in the lender's credit report and the monthly repayment amount of credit card+other+mortgage to calculate the lender's debt. If the total monthly repayment is higher than 50% of the monthly income ratio, the bank will think that the debt is too high and the repayment ability is insufficient, and may not lend.
Summary: you can swipe your credit card through mortgage, but it is recommended to swipe your credit card after the loan. After all, the loan is a foregone conclusion. In the case that the lender repays the loan on time, the bank usually won't recover the loan. In the process of swiping a credit card, it is best to repay it on time, and to develop good card use behavior.