Many people will be in debt to some extent before applying for a mortgage. Although the mortgage approval will check the credit information to judge the borrower's debt ratio, it does not mean that they can't get a mortgage with debt, mainly depending on the type and amount of debt. Some people may ask, can't a mortgage with a debt of 50,000 be approved? Here is a brief introduction for everyone to have a look.

Can't a mortgage with a debt of 50 thousand be approved?

As we all know, to apply for a mortgage, in addition to preparing the required documents, there are also requirements for the lender's comprehensive credit conditions. Among them, the lender's credit information and repayment ability are important reference factors, and it is best for the lender to have a good credit record and good repayment ability.

Repayment ability is affected by debt and income. Lenders should not only have a stable working income as a source of repayment, but also have a high personal debt ratio. Because personal liabilities include all outstanding credit cards and loan arrears, different loan types have different effects on mortgage loans.

If the loan type is a student loan for college students, as long as it is not a personal consumption loan and it is not overdue, owing 50,000 yuan has little effect on the mortgage. However, if it is a personal consumption loan, the debt of 50,000 yuan is actually not high, but it also depends on when the arrears started.

The mortgage approval meeting will focus on the credit history of the past six months. For this reason, the personal consumption loan handled before the mortgage, regardless of the loan amount, will be considered as the down payment of the consumer loan, and the bank will directly reject the mortgage application. Unless you apply for a mortgage six months ago, you'd better settle it before you apply for a mortgage.

The above is "Can't a mortgage with a debt of 50,000 yuan be approved?" I hope it will help everyone.