Couples buying a house generally need to check the credit reports of two people, because if a couple buys a house as a family, they need to provide both their own and their spouse's credit reports when applying for a loan. Once either party has a bad credit record, it will affect the other party's loan application. According to the provisions of the Civil Code: The property acquired during the continuation of the marriage relationship shall be owned jointly by the husband and wife, and the debts incurred shall be borne by the husband and wife jointly. The husband and wife are legally an economic entity. Therefore, when the bank examines the credit status of one party, it is bound to need to examine the credit status of the other party at the same time. When a home buyer applies for a bank loan, the bank will check the credit report of both spouses. A poor credit report of one spouse will definitely have a negative impact on the mortgage loan application, but the specific impact depends on the specific degree of the bad credit report.
You can judge based on whether there are three consecutive credit reports on the credit report. If there are three consecutive credit reports, it will be more difficult to apply for a mortgage. If this is not the case, there is still hope for applying for a mortgage. of.
1. If a couple has poor credit and wants to get a loan to buy a house, then the bank must pay off any debt they have. After handling this matter clearly, and then if they want to get a loan to buy a house, they can communicate and discuss with the bank.
2. After you have no accounts with the bank, communicate with the bank again. If you have income protection and sincerity, it may be enough. The reason why there is a problem with credit reporting is that banks are afraid that they will not be able to get back the money they have given out. If you have income protection, there may be room for negotiation.
3. If that still doesn’t work, you have to build up your credit first and then consider buying a house. After all, banks will not lend to individuals if they do not meet the lending conditions.
Generally speaking, banks investigate a borrower’s credit on a family basis, so even if the borrower has a good credit record, if the spouse repeatedly makes late repayments, the bank will doubt the family’s ability to repay. and creditworthiness. In other words, if a married person takes out a loan to buy a house, and either spouse has a bad credit record, the bank may refuse to lend.
Legal basis: According to the "Judicial Interpretation III of the Marriage Law", Article 10: A husband and wife sign a real estate sales contract before marriage, use personal property to pay the down payment and obtain a bank loan, and use the joint property of the husband and wife to repay the loan after marriage. , if the real estate is registered in the name of the party who paid the down payment, the real estate will be handled by agreement between the two parties. If an agreement cannot be reached in accordance with the provisions of the preceding paragraph, the court may rule that the real estate belongs to the party with the property rights registration, and the unpaid loan shall be the personal debt of the party with the property rights registration. The amount paid by both parties to repay the loan and the corresponding increase in property value after marriage shall be compensated by the party who registered the property rights to the other party in accordance with the principles stipulated in paragraph 1 of Article 39 of the Marriage Law. Therefore, the house belongs to the man, and the man compensates the woman for the money she paid for the loan and the corresponding increase in property value