Car loans are not paid off to buy a house, car loans are consumer loans, and mortgages are commercial loans. There is no conflict between them. However, when both of them apply at the same time, the bank will review the qualifications of borrowers, which is more strict, which also has a slight impact. Because the bank will definitely check the borrower's personal credit record, there will be a car loan record on the credit record, which will increase the borrower's debt and reduce the pass rate of applying for a mortgage.

What is the mortgage process?

1. Choose a house that meets your expectations and determine your purchase intention. It is best to look at more than 50 sets, which will naturally improve your ability to choose a house. With this ability, the house you choose is what you really want.

2. According to the local property market policies (the policy requirements are different, some places require a down payment of 30%, and some places require a down payment of 40%), calculate the down payment amount, raise and pay the down payment, and pay the final payment through loans.

3. Loans are divided into three types: commercial loans, provident fund loans, and combined commercial and provident fund loans. Generally speaking, as long as the loan meets the loan conditions, the procedures are complete and the lending speed is fast, but the interest rate is higher than that of the provident fund loan. The loan period of commercial provident fund is long and the lending speed is slow. The loan amount is calculated according to the amount of personal provident fund, but the interest rate is relatively low.

4. When submitting a loan application, the purchaser needs to submit the original and photocopy of the house sales contract, household registration book, marriage certificate, ID card and income certificate. These are the basic requirements for banks to provide loan information. The requirements of different banks are different, and buyers can prepare corresponding information according to their own requirements.

5. After the information is submitted, the bank will check the information you submitted, mainly to review the basic information, reputation and repayment ability of the buyers, and also invite professional appraisal companies to evaluate the value of the houses (the evaluation results are generally slightly lower than the purchase price). After approval, the bank will inform you to sign a loan contract.

6. The bank lends money and completes the loan. After the loan contract is signed, the bank will complete the loan in a short time and give you a copy of the real estate license (the original is mortgaged in the bank and will be returned to you after you pay off the loan). The developer can hand over the house with you when he gets the loan from the bank.