1. Credit limit: If the first mortgage loan is in arrears, you can borrow a second mortgage loan, and the credit limit may be affected. Banks usually decide the loan amount according to the lender's income and debt status. If the lender fails to pay off the first house, the loan amount may be limited.
2. Repayment ability: When banks decide whether to provide loans to buyers, they will consider the credit history, income status, debt and other factors of buyers. If the buyer fails to pay off the first home loan, the lender will consider factors such as whether the buyer is stable or not, whether it has too much debt, etc. If home buyers have insufficient repayment ability, their loan application may be affected.
3. Mortgage loan: If the first house is not paid off, the second house needs mortgage. If the buyer has bought the first house with a loan, then this house can be used as collateral. However, if the first home has not been repaid, the bank may limit the type and quantity of collateral that buyers can provide.
What does it mean to recognize the house and the loan?
Housing recognition means that when a user applies for a loan to buy a house, the bank transmits relevant registration information through the local housing registration system. If the customer is found to have a room, the room is identified as a second suite. Loan identification means that when a customer applies for a house loan, the bank finds out that he has applied for a house loan by inquiring about the customer's credit situation, and then locates it as buying a second suite.