The credit information of the loan to buy a house was checked by the bank in the first instance. General banks will check the applicant's credit information in the past 24 months, and stricter banks may also check the credit information in the past 5 years. It is relatively difficult to apply for a loan if it is overdue for three consecutive months or six months within five years. In addition, if the number of credit inquiries exceeds 6 times in half a year, the bank may judge that the customer's qualification is not good, which will affect the approval of the loan or reduce the loan amount.

What's the use of buying a house with a loan?

1. Credit reporting agencies and banks judge consumers' repayment ability from bank credit, based on: behavior, consumption preference and previous repayment willingness;

2. Within two years, the bank has been overdue for three consecutive times or refused to lend for six times;

3. Lenders with particularly good credit information (no overdue) can enjoy preferential interest rates for the first loan (some banks); If the credit information is not good, the bank will raise interest rates or refuse to lend according to the specific situation;

4. The total monthly payment for the old and new can't exceed 50% of the family's monthly income;

5. Too many times to inquire about personal credit information is easy to be rejected; If there are too many inquiry records, and there is no record of issuing cards or lending during this period, the bank will feel that the qualifications of the parties being investigated are not good, which will affect the handling of loan applications and credit cards in the future.

What if I can't get the room letter?

When people borrow money to buy a house, banks and lending institutions usually won't approve the loan if there is something wrong with their personal credit information. Therefore, for those borrowers with poor credit information, if they want to apply for a mortgage successfully, they can only improve their personal credit first. Never apply frequently in a short time, which will only increase the difficulty of application. After the borrower fails to apply, it is not too late to take care of his credit for a while, and then reapply after taking care of his personal credit.

If the borrower urgently needs to apply for a mortgage, because the credit information cannot be improved immediately in a short time, the borrower can choose to provide personal property as collateral; Or find professional guarantee companies and qualified people to guarantee loans themselves, which can increase the chances of mortgage approval.

If both husband and wife have the same loan, the one with good credit information can be the main lender. Although the poor credit information of the same borrower will still affect the approval of mortgage loans, banks and lending institutions mainly review the credit information of the main lender, which can also reduce some influences.