Can mortgage and car loan be loaned together? What is the specific situation?
Mortgage and car loan can be loaned together. There is no conflict between car loan and mortgage. You can apply for a mortgage if you apply for a car loan. Generally, the borrower's debt ratio and repayment ability will affect the car loan or mortgage. Car loan and mortgage are both consumer loans, belonging to two different loan varieties. No matter which comes first, buying a house or buying a car, from a policy point of view, the two do not affect each other.
Which is easier to approve, mortgage or car loan?
Car loans are easier to approve, and mortgage requirements are higher. The monthly income of the loan applicant must be twice or more than the monthly payment, and the requirements for the debt ratio are more stringent. Under normal circumstances, the amount of mortgage is generally higher than that of car loan, and the repayment time of mortgage is also longer than that of car loan. Judging from the applicant's repayment ability, the bank's review of mortgage loans will be more stringent.
For users with low debt ratio and high repayment ability, they can apply for higher car loans and mortgages at the same time. Among them, the debt ratio refers to the ratio of the borrower's monthly expenditure to income, and the bank will evaluate the borrower's repayment ability according to the borrower's debt ratio. Generally speaking, banks or other lending institutions that handle mortgage and car loans at the same time may have stricter requirements for applicants.