Car loans will not have a big impact on housing loans, provided that the monthly income of the loan applicant is sufficient and there is no overdue record. If a loan applicant first borrows a car and then a house loan, the loan applicant's repayment ability will be deducted from the monthly payment of the car loan as a reference standard during the approval of the mortgage. In other words, when buying a house, Monthly repayment capacity = monthly income - monthly car loan payment - other loan expenses (if any).

What circumstances will cause the mortgage loan to be disapproved

1. There is a record of overdue repayment.

When applying for a loan, the borrower's personal credit report is a very important reference. If the report shows that the borrower has a recent record of late repayments, the likelihood of the loan being rejected is very high. However, if the borrower has few overdues and a small amount, there is still hope of getting a loan, but the loan percentage will be reduced and the loan interest rate will be increased.

2. The loan information is incomplete.

One of the conditions for successfully obtaining a loan is that the information provided by the borrower must be complete, because if the information provided by the borrower is incomplete, the bank will also reject the loan.

3. The loan information is untrue.

Some home buyers are worried that the loan limit will not be high because of their low income, so they think of submitting false information. However, if the bank discovers it, the loan will definitely be rejected, and they may also be included in the " blacklist".

4. Weak repayment ability.

The success of the loan has a great relationship with the borrower's repayment ability. If the borrower's repayment ability is insufficient, the bank will need to bear higher risks and the chance of mortgage loan rejection will also increase. .

5. Debt is too high.

The borrower's monthly payment should not exceed 50% of the family's monthly income. If it exceeds this limit, the loan may be rejected. Even if the loan can be obtained, the loan amount will not be high.

Mortgage application process

1. The developer proposes a mortgage loan cooperation intention to the lending bank;

2. The lending bank evaluates the developer’s development projects, construction qualifications, Investigate the credit rating, conduct of the person in charge, corporate social goodwill, technical strength, operating status, and financial situation, and sign a mortgage loan cooperation agreement with qualified developers;

3. House buyers and developers Sign the "Commercial House Sales Contract" and pay the required down payment according to the requirements of the contract;

4. Within seven days from the date of payment of the down payment, the home buyer shall provide information that meets the requirements of the mortgage bank directly to the The developer's cooperative bank applied for a mortgage loan. Specifically include: "Commercial Housing Sales Contract" (recording and registration), house purchase down payment receipt, ID card, marriage certificate, income certificate and other information that the bank deems necessary;

5. The loan bank’s requirements for the house purchaser Investigate and review all aspects of the situation and procedures, and go through preliminary procedures with home buyers (including the home purchaser’s spouse) who meet the basic conditions, including loan application, contract repayment statement, commitment, conversation transcript, loan contract, and IOU etc.; then the home buyer opens a deposit account or bank card at the lending bank, and the bank reports to the superior bank for approval;

6. The application approval period is generally within 7 days. For those that exceed this period, the marketing department will promptly contact the bank to understand the situation and solve the problem, actively assist the home buyer to obtain the loan, and sign the stage guarantee procedures with the mortgage bank in a timely manner.