However, unpaid online loans will definitely have a great impact when applying for mortgage loans. The mortgage bank will think that you are buying a house with online loan funds, which is illegal, and your repayment ability will be questioned because of your large amount of online loan debt and mortgage. So at this time, the mortgage bank will directly refuse the loan to you and ask you to settle the online loan before applying for the mortgage loan.
In addition to the outstanding online loans will affect the mortgage, there is also your credit card. Because the credit card has been used, and it is also your debt. The bank will also suspect that you are using the funds in your credit card to buy real estate. This is not only not allowed by the mortgage bank, but also violates the credit card regulations. The bank stipulates that credit cards cannot be used for investment in real estate, automobiles and any financial management. Therefore, unpaid online loans and excessive credit card liabilities will affect the review of mortgage loans. At the same time, overdue credit information will also affect mortgages. If your credit history is overdue, the mortgage bank will also doubt your character. If the loan is released, the mortgage loan will be overdue again, which has a great impact on the bank. Therefore, mortgage banks will also refuse loans. At the same time, too many credit inquiry records will also affect the mortgage, because frequent credit inquiry will also give the mortgage bank a tight feedback, so in order to reduce the risk of the mortgage bank itself, it will also refuse to give you a loan.
Therefore, outstanding online loans, used credit cards, overdue and inquiries about credit information are all factors that affect mortgage review. As long as these problems are solved. Then the mortgage will naturally be easily approved. However, some people will think that tap water will also affect mortgage review. That's true, but the problem of running water is usually prepared in advance. Even if the running water is not enough, you can find a guarantor. Therefore, the problem of tap water is generally not great. The review of mortgage loans does not have much impact. The main factors that have the greatest impact on mortgage review are the above factors. I suggest that before applying for a mortgage, it is best to settle the online loan one month in advance. Since it takes one month to update the credit information, if you apply for a mortgage loan immediately after the online loan is settled, when the bank inquires about the credit information, the credit information shows that the online loan has not been settled. So the bank will ask you to provide proof of settlement. There are still half a year before applying for a mortgage, so it is necessary to prepare the bank flow in advance, so that there will be no shortage of repayment ability. At the same time, within half a year, try not to inquire about your own credit information.
So to sum up: the online loan has been used many times, but it has been settled. In this case, it has no effect on the mortgage application. Only outstanding online loans and credit card liabilities will affect the review of mortgage loans.