If someone borrows money to buy a house in your name, you need to go through the formalities of bank loan, and the real estate license also needs to fall into your name. In this case, once the other party fails to repay the loan, the bank will look for you first, and it is your personal credit report that is overdue.

If someone else borrows money to buy a house in your name, if you haven't bought a house yet, then if you need to buy a house yourself, you can apply for a loan again, and the interest rate and down payment ratio of the second suite are higher than those of the first house purchase. Although the other party came to repay the loan, it encroached on the preferential conditions for you to buy a first-hand house.

In this case, you must sign an agreement with the other party in advance. The agreement must specify that the house was purchased by the other party, the actual ownership belongs to the other party, and the other party undertakes the obligation to repay the loan every month. If the other party's overdue repayment has an impact on personal credit information, the other party shall compensate and actively eliminate the adverse effects. All expenses incurred in the process of purchasing a house shall be borne by the other party; After the loan is paid off, all expenses incurred in the process of transferring the property rights of the house shall be borne by the other party, and the consequences of the house being mortgaged by the bank due to the failure of the other party to repay on time shall be borne by the other party, and the credit damage caused to the individual shall be compensated by the other party.

After all, buying a house is a big investment, with long repayment time and many risk factors. If the relationship is not particularly close, it is recommended not to do so. If you have to do this, it is recommended to take the real estate license in your own hands and safeguard your legitimate rights and interests in time.