Usually, when applying for a mortgage, the bank will not only investigate the user's credit status, but also investigate the applied debt. After all, the debt situation will directly affect the repayment ability of mortgage applicants. Generally, when applying for a mortgage, the monthly payment is required to be no more than half of the income. So if there is debt, will it affect the loan to buy a house? Let's get to know each other.

Can I borrow money to buy a house if I have debt?

1 If the user's debt is relatively high, it will affect the loan to buy a house, which may directly lead to the failure of the user to apply for a housing loan. As we all know, when applying for a mortgage, banks require that the proportion of personal income to repay capital and interest should not exceed 50%. If the previous debt plus monthly mortgage repayment exceeds the bank regulations, then you can't borrow money to buy a house.

If the amount of debt is relatively low, you can apply for a loan to buy a house within the range of income-debt ratio stipulated by the bank. In this case, the bank will judge that the user has sufficient repayment ability.

However, from the nature of liabilities, if the liabilities are loans from small loan companies, it will have a certain impact on the mortgage. Banks are generally reluctant to give loans to users with a record of small loans, and the qualifications of such users are not good enough for banks. If it is a debt of the banking department, it will also help to improve the qualification of users in the bank when the amount of debt is not high.

The above is the introduction of the influence of debt on the loan to buy a house, hoping to help.