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Nowadays, many families will choose a loan when buying a house, but they need to meet relevant conditions when applying for a loan. If there is any inconsistency with the loan conditions, the mortgage loan application may be rejected. So can I apply for a mortgage loan with a credit card installment? What should I do if my mortgage loan application is rejected? Let’s take a look with the editor below!

Can I apply for a mortgage with a credit card that has installment plans, but the premise is that the applicant pays off the credit card bill on time every month. If the applicant fails to repay on time, or Behaviors such as malicious delays in repayment will lower the applicant's credit record and cause the bank to deny the loan. Therefore, before applying for a mortgage loan, the applicant needs to ensure that his or her credit card has been repaid on time and that no overdue repayments have occurred.

2. What to do if your application for a mortgage is rejected

1. Nowadays, when many people apply for a mortgage, they are rejected by the bank due to overdue repayment records on their credit cards. In this case, Next, you should pay off your credit card debt first, and maintain good repayment ability during this period. Generally, bad records will be automatically eliminated after five years, and in some cities it is two years.

2. If the loan is rejected due to your own bad credit record, you can try to apply for a mortgage loan and use high-value items as collateral, such as a house or a car. Some banks will accept mortgage loans when , will relax credit conditions, thereby increasing the chance of bank approval.

3. If the borrower’s monthly income is too low and is not twice the monthly payment, he or she will generally be rejected when applying for a mortgage. In this case, the lender can provide the bank with a large loan amount. You can also provide valid proof of financial resources such as deposit certificates and real estate certificates, and relatives can also be used as guarantors.

Summary: Can I apply for a mortgage loan if my credit card has installments? This is where I introduce you to the relevant content. I hope it can help friends in need. It is recommended that you consult with professionals before applying for a mortgage, so that the process of applying for a home loan will go more smoothly. If you want to know more about decoration knowledge, you can pay attention to the relevant information of Qijia.com.

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