Consumer loans can't be converted into mortgages if they can't be repaid, because the illegal inflow of consumer loans into the property market has been concerned by the regulatory authorities, and such loans have also become the focus of recent investigations by banks.

First, the consumer loan has not been paid off, will it affect the application for mortgage?

Applying for consumer loans does not affect the application for mortgage loans in principle. However, if you apply for a mortgage loan shortly after applying for a credit loan or a patient's consumer loan, the bank will suspect that the previous consumer loan was used to buy a house, and the lender needs to provide a series of sufficient proof materials, which may indirectly affect the application progress and quota of the mortgage loan. At present, when applying for a mortgage loan, there is no mandatory requirement to pay off the previous consumer loan or credit loan, but it will affect the approval amount and may also lead to the failure of approval.

Second, what factors will affect the mortgage approval?

1, personal credit record. When banks apply for housing loans, they will first check the borrower's personal credit report. If the report shows that the repayment has been overdue for three or six times in the past two years, the borrower's mortgage application is likely to be rejected. Therefore, we must maintain personal credit in our daily life. In addition to the loans overdue record, if there is a record of being sued for bad credit, such as long-term arrears of water, electricity and telephone charges, etc. Bad records will be included in personal credit records. 2. Repayment ability. In addition to personal credit records, banks will also focus on reviewing borrowers' repayment ability. If the debt is too large, or the income and work are unstable, it will affect the success of mortgage approval. 3. Credit account. His personal credit record is spotless, but he has never borrowed money from financial institutions. This kind of credit loan is also easily rejected by banks. The reason is that there is no credit record to refer to. In this case, don't apply for a credit card. Pay back on time after opening the card and accumulate good credit for yourself.

In short, lending institutions now pay special attention to the authenticity of lender information. In the era of developed Internet, if the information you submit is inconsistent with the networking system, the bank will focus on checking the reasons for the inconsistency. If the information is found to be false, not only will the loan be refused, but serious applicants will also bear legal responsibility.