A house purchase loan requires a credit report from both the couple. Generally speaking, when applying for a mortgage, the creditworthiness of both spouses is used as a reference. If a married person buys a house with a loan, if either spouse has a bad credit record, the bank will refuse to lend. However, the regulations of each bank are different. For example, some state-owned banks stipulate that if a couple defaults on three consecutive repayments within two years, or a total of 6 late repayments, the bank will refuse to issue a loan. Joint-stock banks stipulate that the credit record of the borrower is investigated on a family basis. If either spouse has a record of overdue repayments more than 6 times, and the other spouse has a good credit record, the loan to buy a house will also be rejected.

What are the main things to look for when checking a credit report when buying a house?

1. Whether there is any overdue record

If there is a recent overdue record on the borrower’s credit report, the bank or Lending institutions will basically not approve a borrower's loan application, let alone if the loan is overdue many times.

2. What is the debt situation?

The credit report will record information about people's credit cards and loans, so banks or lending institutions can learn about the borrower's liabilities by checking the credit report. How is the situation. If the debt is too high, banks or lending institutions may suspect that the borrower does not have sufficient repayment ability and may reject the borrower's loan application.

3. The number of times the credit report has been queried recently

The credit report will show which banks and lending institutions the user's credit report has been queried recently and for what reasons. Therefore, if there are a large number of inquiries on the credit report, and most of the inquiries are for credit card or loan applications, the bank or lending institution may think that the borrower's economic life is not stable enough and reject the borrower's loan application. .

Things to note when couples buy a house

1. Determine the primary lender

If a couple *** buys a house with the same loan, they must divide the primary lender and the secondary lender When choosing who to be the primary lender, do not be swayed by past concepts. Home buyers need to make a choice based on the actual situation of their family. Generally, the primary lender should choose a party with a higher and more stable down payment to facilitate a higher loan amount. In addition, when determining the primary lender, it is also necessary to consider the age of the couple. If the age difference between the husband and wife is relatively large, it is better to choose the younger one as the primary lender.

2. Agree on the share of the property in advance

If the couple wants to buy a house with the same loan, it is best to determine the division of the share of the property in advance. If it is just a verbal commitment, When the relationship between the two parties breaks down, it is very likely that it will not be realized, so it is best to make the agreement in writing. If a husband and wife choose to buy a house with the same loan, both husband and wife will have equal ownership rights. If you choose to own by shares, you need to divide it in advance and state it on the real estate certificate.

3. Prepare a house purchase budget in advance

The couple should carefully calculate how much money they currently have available for house purchase, and also take into account the various taxes and fees that need to be paid when buying a house. Insurance, maintenance funds, and subsequent renovation costs will avoid the embarrassment of insufficient funds.

4. Both parties are present at the same time

If a couple takes a loan to buy a house together, both parties need to be present to sign when going through many procedures. This does not mean whether they believe it or not. Instead of applying together in the name of husband and wife. For example, when signing a house purchase contract and handling bank loan procedures, the bank will examine the qualifications of both husband and wife. In addition, they must sign at the same time when handling relevant procedures. And during the house purchase process, if the couple is present together, the combined opinions of the two people will be helpful in choosing a good house.