There is also a special case where the user meets the requirements for applying for a mortgage, but the guarantee is loans overdue. At this time, the user's own credit information will also be affected, so it is impossible to apply for a mortgage.
Can I be a guarantor with a mortgage?
Yes, you can.
First of all, you must have the qualifications stipulated by law, and then you need to meet the conditions: enjoy political rights, have unlimited personal freedom, have a fixed residence and a fixed residence in the local area, have the ability to fulfill the guarantee obligations, and preferably have no record of breach of contract.
If the guarantor provides collateral and the debtor is unable to repay the loan, the creditor may apply to the court for auction of the collateral provided by the guarantor, and the realized value of the collateral of the guarantor will be given priority.
Where the guarantor provides a guarantee, if the debtor is unable to repay the loan, the guarantor will be responsible for repaying the loan to the creditor on his behalf. In this case, the guarantor shall bear the guarantee responsibility with all the property.
The scope of the guarantor's liability includes the principal creditor's rights and interest, liquidated damages, damages and expenses for realizing the creditor's rights. Unless otherwise agreed in the guarantee contract, it shall be determined in accordance with the agreement.
Don't be a guarantor When signing a guarantee contract, if the guarantor lacks credit investigation on the guarantor out of affection, the consequences will be very serious.
There shall be no bribery guarantee. This kind of guarantee usually uses money or gifts to achieve the purpose of establishing a guarantee contract. If something goes wrong, the consequences will be very serious.