To open a stock account is to open an account at a securities company. The purpose is to buy stocks, reverse repurchases of government bonds, on-site funds, etc. After opening the account, you need to transfer money from the bound bank card. It is an investment. Many people I want to open a stock account but I am worried about the negative consequences. Such as home loans.

Will opening a stock account affect mortgage approval?

Opening a stock account will not affect mortgage approval, because bank mortgage review has nothing to do with opening a stock account. The certificate account and the bank account are two independent accounts, and there is no impact on the personal creditworthiness of the bank account. When applying for a loan to buy a house, the bank will not check whether the borrower has opened a stock account, what stocks he has purchased, etc. The focus is on the borrower's job, bank statements, personal credit report, etc.

When taking out a loan to buy a house, if you have valuable assets such as stock options, providing relevant proof can enhance your repayment ability. If there are a lot of assets in the stock account after opening a stock account, it indicates that the lender has a strong solvency and will have a positive effect on the mortgage loan. However, you need to submit proof of this to the bank yourself. This is suitable for those lenders whose loan qualifications are not very good and who are at risk of being rejected.

Is it necessary to submit a credit report when opening a stock account?

It will not affect your credit report. Normal operation of securities accounts will not affect personal credit, and funds are absolutely safe. A credit report will only be issued if the credit card or loan is overdue. Stock accounts and stock transactions will not be subject to a credit report. The purpose of opening a stock account is only for investment.

Stock account opening conditions:

Chinese citizens (excluding Hong Kong, Macao and Taiwan) A-share account opening conditions:

1 Those who are over 18 years old and under 70 years old in China Natural persons can open an account through mobile phone self-service;

For those over 270 years old (inclusive), please go to the sales department counter to open an account; Support online processing;

4 For minors who need to open an account due to inheritance, acceptance of gifts, etc., they can open an account in accordance with relevant regulations.

As long as you open a securities account through legal channels, it will not have any adverse effects on you, but buying stocks is risky, and the risk is relatively high.