Do consumer loans affect housing loans?

Currently consumer loans are more popular. You can use consumer loans to meet your own purchase needs, and it is more convenient to use. Secondly, some people choose to take loans when buying a house. So will consumer loans affect the housing loan? Let’s take a look with the editor below.

1. Will consumer loans affect the mortgage loan?

As long as the consumer loan is not overdue, it will not affect the mortgage loan, and it will also be helpful to apply for a mortgage loan. Because there is no overdue consumer loan, it can improve your personal credit score in the bank. The higher your credit score, it means that your personal qualifications are good, and the application will be easier to pass. However, consumer loans are overdue and you cannot apply for any loan within half a year.

2. What should you pay attention to when buying a house with a mortgage

1. When applying for a mortgage, you should act within your ability

When applying for a loan, many people think that the larger the loan amount, the better. , but the opposite is true. Because the higher the loan amount, the greater the subsequent repayment pressure will be. For example, the larger the loan amount and the longer the time, the more and longer the interest will be repaid.

2. Prepare loan information in advance

When applying for a loan, you must prepare information in advance so that the loan can be obtained more quickly, including identification, social security-related certificates, house purchase contracts, etc. Secondly, if the borrower's credit card has a bad record, it must be eliminated before the application can be processed, or relevant certificates must be issued.

3. Provide true information

You must provide true information when applying for a loan. If the bank subsequently detects false information, the bank will not If the loan is re-granted, if the circumstances are serious, not only will it not be possible to re-loan, but you will also have to bear the liability for breach of contract, and you will also have to pay a certain amount of liquidated damages.

4. Be clear about the repayment method in advance

When taking a loan, you must be clear about the repayment method. There are equal repayments of principal and interest, and equal repayment of principal. The interest of the latter will A little less, but the monthly payment ratio of this method is high. The interest rate of the former will be higher and the monthly repayment pressure will be less.

5. Do not use the provident fund before applying for a loan

The balance in the provident fund cannot be touched before applying for a loan. If the provident fund is used before the loan, the balance in the provident fund will be cleared, that is, This means that provident fund loans can no longer be used. Will consumer loans affect housing loans?

Consumer loans are loans specifically provided to individuals to purchase items and pay various expenses. Consumer loans are more convenient to use. So will consumer loans affect housing loans? Let’s take a look with the editor below.

1. Will consumer loans affect the mortgage loan?

If the consumer loan is not overdue, it will not affect the mortgage loan, and it will also be helpful for applying for a mortgage loan. Because as long as the consumer loan is not overdue, the individual's credit score in the bank can be improved. The higher the credit score, the better the individual's qualifications and the faster the application can be approved. However, if the consumer loan is overdue, it will affect the housing loan. For example, you will not be able to apply for any loan within half a year.

2. The process of applying for a home loan

1. First prepare the information required for the loan, and then submit it to the lending bank. Generally, the approval time is about half a month.

2. After the loan application is approved by the bank, you should ask the bank staff clearly when the mortgage loan can be processed and when the loan can be disbursed. After these are determined, the home buyer can handle the transfer. Before handling the transfer, the down payment must be paid in full. What should be noted here is that generally the down payment is paid at the bank, so the bank will not accept the loan application from other banks.

3. When signing a loan contract with a bank, you must pay various fees, and you must also apply for mortgage, insurance, etc. Secondly, when signing a contract, you must read the terms of the contract clearly, because the terms of loan contracts are generally made in batches, and errors will inevitably occur. If you find any errors, you must communicate with the staff in time and modify them to protect your legitimate rights and interests. .

4. Go through mortgage procedures and insurance procedures.

5. After the above procedures are completed, the next step is to issue the loan. Some banks can lend directly, while others require borrowers to go to the bank to apply again. After disbursing the loan, you must ask the bank for your own loan contract. If it is a second-hand house, you must also ask for an insurance policy, appraisal letter, etc. Secondly, you should also copy the real estate certificate and stamp it with the official seal of the bank to facilitate handling other business in the future.

Will a consumer loan of RMB 100,000 affect the housing loan?

The existence of consumer loans will affect the approval of the housing loan. If the consumer loan was first obtained through other property mortgages or guarantees, then when applying for a housing loan again, the applicant's loan situation and loan repayment ability will be confirmed.

Usually a small amount of consumer loan will not affect the housing mortgage loan and will not increase the amount of down payment. However, if the amount is too large, for example, your monthly payment of consumer loan is 5,000, and your monthly payment of housing mortgage loan is If the payment is 3200, then your actual monthly payment is 8200. According to pre-tax calculation, the monthly loan repayment accounts for 68.33% of the income. According to bank lending principles, the monthly payment must not exceed 50% of the income. If this value is exceeded, It will be considered that the loan repayment ability is insufficient and the loan risk is too high, and the loan will not be approved.

Therefore, the actual limitation is your income, or your down payment. If the income is high enough, then the 100,000 consumer loan will not affect the mortgage loan. If the income is average, it will be affected. Will personal credit and consumer loans affect housing loans?

1. It will have an impact. If the consumer loan is not repaid, mortgage approval may be suspended.

2. As the illegal flow of consumer loans into the property market has attracted regulatory attention, such loans have also become the focus of recent investigations by banks. In principle, applying for a consumer loan does not affect the application for a mortgage loan. However, if you apply for a mortgage loan shortly after applying for a credit loan or other consumer loans, the bank will suspect that the previous consumer loan was used to buy a house, and the lender will need to provide a series of sufficient information. The supporting materials may indirectly affect the mortgage loan application progress and amount.

These factors will also affect your home loan approval:

1. Personal credit record

When applying for a home loan, the bank will first check the borrower's personal credit report , if the report shows that there have been three consecutive or six cumulative overdue repayments in the past two years, the borrower's mortgage application will most likely be rejected. Therefore, everyone must maintain their personal credit in daily life. In addition to overdue loan records, if there is a record of being sued for bad credit, such as long-term defaults on water, electricity, phone bills, etc., these will be included in the personal credit record.

2. Repayment ability

In addition to personal credit records, banks will also focus on reviewing the borrower's repayment ability. If the debt is too large, or the income or job is unstable, etc. Will affect the success of home loan approval.

3. Credit white account

There is no stain on your personal credit record, but you have never borrowed money from a financial institution. Such a credit white account loan is also very easy to be rejected by the bank. loan. The reason is that there is no credit history as a reference. In this case, don't apply for a credit card. After opening the card, pay it back on time to accumulate good credit for yourself.

4. The debt is too high.

5. High-risk occupations.

6. Industry restrictions.