Whether it is necessary to pay off all debts under the name for mortgage approval depends on the specific circumstances:

1. If there is not much debt owed, it is not necessary to pay it all, and it doesn't matter if it is not paid for the time being. As long as there is no overdue situation, personal credit information remains good, and when applying for a mortgage, you can provide sufficient economic income information to prove that you have the ability to repay the loan principal and interest on time, then the mortgage will generally be successfully approved and will not be directly rejected because of debt.

If you owe a lot of debt, you'd better pay it off before applying for a mortgage, otherwise the mortgage is likely to be rejected because of the high debt ratio. Of course, if you can't finish it for a while, you can pay it back first and try to reduce your personal debt ratio.

Everyone should pay attention to remember to pay off debts on time. If you can't repay the loan on time, it is estimated that you can't apply for a mortgage for a short time. Because of the credit damage, most banks will worry about lending risks because of customers' credit problems, thus refusing to issue loans.

How long will it take for the mortgage to enter the approval process?

After the mortgage enters the approval process, it usually takes about two or three weeks to issue the approval results. At that time, regardless of whether the approval is passed or not, the bank will immediately inform the customer.

After receiving the approval notice, the customer should go to the bank outlet to sign the loan contract and handle the mortgage registration and other related procedures in time, which takes about three to five working days. After that, the bank will enter the lending process, and generally release the loan funds in place within one or two months.

It should be noted that if the mortgage business happens to be busy and the loan amount is tight, the approval and lending may be delayed. If it can be approved in two or three months under normal circumstances, if something is delayed, I am afraid it will take three to five months, or even more than half a year.

In this regard, customers are advised to wait patiently. If the waiting time is too long, and the real estate developer has a dispute because he has not received the remaining house payment, the customer can contact the bank to inquire about the specific situation. If the bank can't apply for a mortgage, it can only be changed to another bank.