At present, consumer loans are popular and easy to use, which can meet their own purchase needs. Secondly, some people choose loans to buy a house, so does consumer loans have an impact on mortgages? Let's take a look with Bian Xiao.
1. Does the consumer loan affect the mortgage?
As long as there is no consumption loans overdue phenomenon, it will not affect the mortgage, but also help to apply for a mortgage. Because the consumer loan is not overdue, you can improve your personal credit score in the bank. The higher the credit score, the better the personal qualification and the better the application. However, consumers in loans overdue cannot apply for any loans within six months.
Second, what should mortgage to buy a house pay attention to?
1. Apply for a mortgage according to your ability.
When applying for loans, many people think that the more loans, the better, but the opposite is true. Because the higher the loan amount, the greater the pressure of subsequent repayment. For example, the more the loan amount and the longer it takes, the more interest needs to be repaid and the longer it takes.
2. Prepare loan information in advance.
When you make a loan, you should prepare the information in advance, so that the loan will be faster, including identity certificate, social security related certificate, house purchase contract, etc. Secondly, if the lender's credit card has a bad record, it must be eliminated before it can be processed or relevant certificates can be issued.
Provide true information
When applying for a loan, you need to provide real materials. If false information is subsequently found by the bank and the circumstances are minor, the bank will no longer issue loans. If the circumstances are serious, not only can you not borrow any more, but you should also bear the responsibility for breach of contract and pay a certain penalty.
4. Clear the repayment method in advance.
When making a loan, you must first know the repayment method, including equal principal and interest repayment and equal principal repayment. The interest of the latter will be less, but the monthly payment ratio is higher in this way. The interest rate of the former will be higher, and the monthly repayment pressure will be less.
5. Don't use the provident fund before applying for a loan.
You can't move the balance in the provident fund before applying for a loan. If the provident fund is used before the loan, the balance will be cleared, which means that the provident fund loan can no longer be used.
Can consumer loans be used to repay mortgages? Is it for buying a house?
Consumer loans cannot be used to repay mortgages. The funds of consumer loans can only be used for consumer purposes. If the bank or financial institution detects that the user's loan funds flow into the property market, the bank or financial institution may require the user to pay off all debts at one time. If the circumstances are serious, you can even use the name of loan crime. Therefore, after applying for a consumer loan, never use the loan funds to buy a house or repay a mortgage.
Extended data:
What is a consumer loan and the consequences of buying a house and repaying a mortgage with a consumer loan;
Consumer loans are loans for consumer activities. Personal consumption credit refers to credit card loans, non-housing loans, residential mortgage loans and other loan forms that individuals apply to banks with assets or credit as collateral.
Consumer loan is a credit loan provided to individual consumers in the form of a series of numbers (quotas) in the financial system. It is mainly used for personal loans such as buying a car, home appliances, decorating a house, buying durable goods and studying abroad loans. In terms of types, consumer loans include residential mortgage loans, non-housing loans and credit card loans. It has the characteristics of wide consumption purposes, high loan amount and long loan period. It is a loan for consumers to buy durable consumer goods or pay various fees. But now many people will apply for consumer loans to buy a house.
1. is liable for breach of contract and is blacklisted by the bank.
Buying a house with a consumer loan is forbidden by the bank. This is a breach of contract. There is a statement in the consumer loan contract signed between the bank and you: "The loan shall not be used to invest in stocks, futures, bonds, real estate and other areas where bank loans are prohibited by the state regulatory authorities."
So if you buy a house with a consumer loan, it will be regarded as a breach of contract by the bank. Once it is breached, it is likely to be blacklisted by the bank.
Two, stop issuing loans, affecting housing transactions.
Because buying a house with a consumer loan is a breach of contract, it may be suspected of fraudulent loans. Once the bank finds that you can't get a loan smoothly, it is likely that the bank will stop issuing new loans to you. If you can't get a loan, it is likely to affect subsequent housing transactions.
Third, facing the double repayment pressure, it affects personal credit information.
Even if your loan is successful and the bank finds no problems, you will face double pressure to repay the loan. Not only have to pay back the consumer loan, but also pay off the mortgage with the consumer loan. Excessive repayment pressure will lead to an increase in the probability of overdue. Once overdue, it will be recorded in the personal credit report, leaving a bad credit record.
Will consumer loans affect mortgages?
Consumer loans are personal loans, which are used to buy goods and pay various expenses. Consumer loans are more convenient to use. So will consumer loans affect mortgages? Let's take a look with Bian Xiao.
First, will consumer loans affect mortgages?
If the consumer loan is not overdue, it will not affect the mortgage, but also help to apply for a mortgage. Because as long as the consumer loan is not overdue, the personal credit score in the bank can be improved. The higher the credit score, the better the personal qualification and the faster the application is passed. However, if you spend money in loans overdue, it will affect your mortgage. For example, you can't apply for any loan within six months.
Second, the process of handling mortgage loans.
1. Prepare the information needed for the loan first, and then hand it over to the loan bank. The general approval time is about half a month.
2. After the loan application is approved by the bank, it is necessary to ask the bank staff when the mortgage loan can be completed and when the loan can be issued. After these confirmations, the buyers can transfer the ownership, and they have to pay the down payment before the transfer. It should be noted here that under normal circumstances, the down payment is made in the bank, so banks that handle loans in other banks are not recognized.
3. To sign a loan contract with a bank, you have to pay various fees, and you have to apply for mortgage and insurance. Secondly, when signing a contract, we should read the terms of the contract clearly, because the terms of the loan contract are generally formulated in batches, and mistakes will inevitably occur. If mistakes are found, they should be corrected in time to safeguard their legitimate rights and interests.
4. Go through mortgage and insurance procedures.
After the above procedures are completed, the next step is to lend money. Some banks can lend money directly, and some banks need the lender to apply to the bank again. After the loan is over, you should ask the bank for a loan contract of your own. If it is a second-hand house, you should also ask for insurance policies, evaluation books, etc. Secondly, you have to copy the real estate license and affix the official seal of the bank to facilitate other business in the future.
Does consumer loans have an impact on housing loans?
Repayment on time and applying for consumer loans will not affect the application for housing mortgage loans.
First, some banks cannot get credit for consumer loans, which is equivalent to applying for a large credit card. The monthly interest rate is generally between 0.5% and 0.75%, and the handling fee is 2% of the loan amount.
Another method is short-term revolving loan, which is funded by the guarantee company and repaid with the loan. The monthly interest rate is about 0.9%, and the handling fee is generally 5% of the loan amount. After the successful purchase of a house, the bank will repay the second mortgage, or the guarantee intermediary will assist the buyer to apply for consumer loan repayment.
Extended data
The existence of consumer loans will affect the approval of your mortgage. As mentioned above, if you get a consumer loan before applying for a housing loan, perhaps through other property rights mortgage or guarantee, your loan situation and repayment ability will be confirmed.
Under normal circumstances, a small amount of consumer loans will not affect housing mortgage loans, nor will it increase the down payment. But if the amount is too large, for example, the monthly payment for consumer loans is 5,000 yuan, while the monthly payment for housing mortgage loans is 3,200 yuan, and the actual monthly payment is 8,200 yuan. According to pre-tax calculation, monthly repayment accounts for 68.33% of income.
According to the principle of bank loan, the monthly payment shall not exceed 50% of the income. If it exceeds this limit, it will be considered that the repayment ability is insufficient and the loan risk is too high, and the loan will not be approved. Therefore, the actual limit is your income or down payment.