When a couple takes out a loan to buy a house, their credit reports will be checked.

When a bank approves a home loan, if a couple is purchasing a house, the bank will not only check the credit record of one person, but also the spouse. Because when repaying the loan, both people repay it simultaneously, so if one of them has a credit problem, it will affect the application for a home loan.

Who should be the primary lender when a couple takes out a loan to buy a house?

1. The primary lender chooses the party with a higher and more stable income

Married couple *** get the same loan On the one hand, the purpose is to reduce the pressure of loan repayment; on the other hand, it is difficult to obtain a bank loan based on the qualifications of one party alone, so a joint loan will be chosen. It is recommended that the main lender should choose a party with a higher income to facilitate a higher loan amount. Because the main lender has a high and stable income and is determined by the bank to have a strong repayment ability during the evaluation, it will be easier to approve the loan when it comes to the loan. .

2. The primary lender should choose a younger person

Banks have regulations on the age of borrowers. According to the regulations of most banks on personal loans, the age limit for loans in China is Be above 18 years old and under 65 years old. So the younger the primary borrower, the longer the loan term you can get.

3. Choose the party with a better credit report

Since a couple will apply for a mortgage as a family unit, as long as one party has problems with their credit report, it will affect the mortgage approval. But the difference is that if there is a problem with the primary lender's credit record, the bank will definitely not accept the loan application. Even if it can be accepted, the loan amount and interest rate will be affected. If you choose a party with a good credit report as the primary lender, the subprime borrower must pay off the debt and late payment penalties before repaying the loan. Although the loan amount and interest rate will also be affected, because the primary lender has a good credit report, Therefore, the loan approval rate can be improved.