Yes, only when the credit is overdue can you borrow money to buy a house, and as long as you meet other requirements of the mortgage, you can basically pass the examination and approval, because the requirement of the mortgage for credit information does not mean that it will not work once overdue, but there is a degree. There is only one overdue record in the credit report, which is not serious.
When applying for a loan to buy a house, as long as the lender's credit report does not include overdue repayment for three consecutive months, it will not be directly rejected by the bank. Three consecutive months refers to overdue repayment, and six refers to accumulated overdue repayment. If the applicant's credit record is overdue, the bank will think that his repayment credit is not good and refuse the loan application.
Credit information is only overdue once, far less than three times in a row, so it is not a big problem to buy a house with a loan. The main lender has sufficient repayment ability, and the bank can ignore this small flaw.
If you plan to borrow money to buy a house in the future, you must protect your credit information, because poor personal credit information usually leads to problems such as increased materials, extended loan approval period and rising loan interest rate when applying for a mortgage from a bank, and even more serious, it will lead to refusal to lend.
Extended data:
How do buyers apply for loans to buy a house?
1, mortgage service, we should focus on this aspect when choosing real estate. When buyers learn that some projects can apply for mortgage loans in advertisements or through the introduction of sales staff, they should further confirm whether the real estate developed and built by developers has won the support of banks to ensure the smooth acquisition of mortgage loans.
2. After confirming that the property you choose has bank mortgage support, the buyer should know the bank's regulations on mortgage loan support for the buyer from the bank or the law firm designated by the bank, prepare relevant legal documents and fill in the loan application form.
3. After receiving the legal documents related to the mortgage application submitted by the purchaser, the bank will issue a loan consent notice or a mortgage commitment letter to the purchaser after confirming that it meets the mortgage loan conditions. Property buyers can sign the "Pre-sale Sales Contract of Commercial Housing" with developers or their agents.
4. After signing the house purchase contract and obtaining the payment voucher, sign the loan contract with the developer and the bank based on the relevant legal documents stipulated by the bank, and specify the amount, term, interest rate, repayment method and other rights and obligations of the mortgage loan.
5. Property buyers, developers and banks shall go through mortgage registration and filing procedures with the real estate management department on the basis of loan contracts and purchase contracts. If the house is delivered in advance, the mortgage registration shall be changed after completion. Under normal circumstances, due to the relatively long term of mortgage loans, banks require buyers to apply for personal and property insurance to prevent loan risks.
6. After the signing of the loan contract, the buyer opens a special repayment account in the financial institution designated by the bank according to the contract, and signs a power of attorney to authorize the institution to pay the loan principal and interest and arrears related to the mortgage loan contract from the account. The bank is confirming that the buyers meet the mortgage loan conditions and fulfill the obligations stipulated in the loan contract.
Will it affect the loan if there is a credit card overdue record in the personal credit report?
The credit report is a personal credit information record issued by the People's Bank of China, and it is the basis for commercial banks to examine your loan qualification and credit record, depending on the personal credit record. I suggest you contact the outlets that want to handle loan business for consultation.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.
Can I apply for a loan after my credit expires?
First of all, answer directly.
Whether the loan can be continued after the deadline depends on the situation.
Second, the specific analysis
1. If the credit business is overdue, it cannot be recorded as credit. Then users can continue to apply for loans.
Most loans require applicants to have good credit information, and because the previous credit business did not upload overdue records to the user's personal credit information, the user's personal credit information will not be affected.
When the user's credit is good and meets the loan application conditions, the probability of applying for a loan will be higher.
2. Credit investigation of overdue records after the deadline: Credit business uploads overdue records to users' personal credit investigation, which will lead to poor personal credit investigation.
When personal credit information is poor, users can still apply for loans, but the probability of passing the loan review will be relatively low.
The credit business has produced overdue records, and users must pay off overdue debts as soon as possible.
After paying off overdue debts, overdue records will be kept in personal credit information for 5 years from the date of paying off, and will be automatically deleted after 5 years.
After the overdue records are deleted, the user's credit information will return to normal.
When the credit information returns to normal, the probability of users applying for loans passing the examination will increase.
3. Overdue records do not lend big data online: overdue records do not lend big data online, and users can apply for online loans normally.
Most online loans will refer to online loan big data, and good online loan big data is very helpful for passing the loan review.
4. Overdue records are uploaded to online loan big data: users have overdue records in online loan big data. At this time, users can still apply for online loans, but the probability of passing the loan review will be reduced.
Summary: overdue users can continue to apply for loans, but whether they can pass the loan review depends on the final audit results.
After the credit business is overdue, users need to pay off the overdue debts as soon as possible, regardless of whether the overdue records will be uploaded to the People's Bank of China's credit information and online loan big data.
The longer the overdue period, the greater the negative impact.
And most lending institutions will charge overdue penalty interest according to the number of overdue days. The longer the overdue time, the more penalty interest will be generated, which will increase the repayment burden of users.
If this kind of non-compliant online loan is overdue, it will not affect your personal credit status, but the online loan record will remain in the online loan big data. Search: Winnie Hsin, check your online loan history, overdue details of online loans, debt situation, untrustworthy information, and online loan blacklist.
3. Can I still get a loan after five years overdue repayment?
Overdue repayment for five years, overdue records have been deleted from the credit information. Since personal credit information has returned to normal, users can apply for loan business normally.
However, if the time is less than 5 years and the overdue records are not deleted, users will not be able to pass the loan review when applying for loans.
Therefore, users must apply for loans under normal credit conditions.
In addition, after loans overdue, the user has not repaid the loan, and the overdue record will always be kept. Even after 5 years, overdue records will not be deleted automatically.