You can borrow money while repaying your mortgage. As long as the loan contract is signed, the housing loan has been received, and normal repayments have begun, you can continue to use the loan, but you must keep repaying on time, because the bank will conduct post-loan management from time to time. If the borrower's credit is found to have deteriorated, there will be Certain measures may be taken.

The impact of borrowing money on mortgage applications

1. Overdue. If you have overdue repayments on a loan, it will most likely be uploaded to the Central Bank’s Credit Reference Center, leaving a stain on your credit. When reviewing your mortgage loan, banks will focus on your credit report and will reject you as soon as they find you have a bad record.

2. Normal use. Generally speaking, if the borrowing limit is not high, as long as you repay it on time, it won't have much impact. However, a mortgage requires that your income be more than twice your debt. If you combine income and debt, you may not meet the standard, so it is best to settle the loan before applying for a mortgage.

3. Use less. If you frequently apply for online loan products, it may affect your credit. The bank may think that you need to rely on online loans to survive, or you are used to spending in advance and have certain financial problems. Before getting a mortgage, try not to use online platforms for loans.

Factors affecting mortgage application

1. The income of the home buyer is not enough to support the monthly mortgage repayment. For example, the monthly mortgage repayment is nearly 10,000 yuan, but the monthly income is only just over 10,000 yuan. In this case, it will be difficult to approve the loan limit. Of course, for married home buyers, based on family income, it is best for the two people’s monthly income to be more than twice the loan that needs to be repaid.

2. There are other loans, causing the bank to assess the loan repayment pressure and the loan repayment risk. This situation does not refer to multiple-home loans, because it is no longer common for one person to have multiple home loans under the current loan restriction policies in various places. However, if the home buyer has other loans before, and the amount is relatively large, then the bank will definitely have to evaluate the borrower's repayment ability, and will often either require a co-repayer or the loan limit will be more stringent.

3. Guarantee for others. Although some people do not owe money themselves, they provide guarantees for other people's large loans. This will not only affect their own loan approval, but may also bear joint liability because the debtor fails to repay the debt. If it can be found in the credit record, it will often affect loan approval. Problems caused by this reason have become common in recent years. Many people do not understand the legal obligations and risks of guarantees, and then they think they are doing a favor for their friends. Unexpectedly, when they buy a house, they find that the resulting liability affects their mortgage.

4. Bad credit record. The last one is the most common, and many people do it because of credit cards. Many people apply for credit cards but don’t use them or cancel them, and then forget about them. As a result, they don’t know the annual fee of the credit card. As a result, they have no use for repayment, resulting in a bad credit record; There is also a type of credit card bill that has been forgotten or not repaid. In short, it is overdue more than 6 times. Once this is on the credit report, it is basically impossible to get approved for a mortgage or other loans.