Can I apply for mortgage and car loan at the same time?
In fact, mortgage and car loan can be applied together, and there is no conflict between them. Car loan and mortgage are both consumer loans, belonging to different loan varieties. Theoretically, they don't affect each other.
However, in real life, if you want to apply for mortgage and car loan at the same time, the borrower must have a solid economic foundation, a low debt ratio in the credit investigation, and no credit stain. According to the regulations, the borrower's monthly income must be more than twice the monthly repayment amount. Assuming that the borrower's mortgage is 6000 yuan+car loan is 3000 yuan, then the borrower's monthly income must reach at least 65438 yuan +08000 yuan to apply for both mortgage and car loan.
The bank will evaluate the borrower's repayment ability according to the borrower's debt ratio. Generally speaking, if you want to apply for mortgage and car loan at the same time, banks or other lending institutions may have stricter requirements for applicants.
Will car loan affect mortgage?
Yes, but it depends on the specific situation, because car loans have both positive and negative effects on mortgages. Mortgage audit pays attention to the lender's credit record and repayment ability. There is no problem in these two aspects, and there is no problem in comprehensively evaluating other influencing factors. Ordinary mortgages can be passed.
If the borrower's car loan has been settled and is not overdue, it will not only have no negative impact, but also the credit record of timely repayment will help the mortgage approval.
The above is the related content sharing of "applying for mortgage and car loan at the same time", I hope it will help everyone!