Is mortgage a personal debt?
Mortgages are personal liabilities. Debt is usually the embodiment of the borrower's repayment ability. If the applicant's debt is high, it shows that the applicant's repayment ability is not strong, then the bank will not approve the mortgage loan application in this case. It is best to control the personal debt ratio below 50% and not more than 70% at most, otherwise it is difficult to apply for a loan.
It should be noted that different banks have different conditions for mortgage loans, including different requirements for the borrower's age, credit information, debt and work. Therefore, it is best for borrowers to consult several banks for comparison and choose the bank loan that best meets their own conditions.