When we talk about letters of demand, we often refer to the relationship between the lateness of a mortgage and the purchase of a loan. In fact, a small-scale loan is not a complete bar to you. However, if your mortgage is overdue for more than three months and the overdue amount remains unpaid, you may find yourself in a situation where you cannot obtain a car loan。

What kind of mortgage is it

Why? The simple reason is credit. The loan agencies will check your personal letters. If, in the past two years, you have cumulatively been overdue three times or six times in a row, the bank or loan institution may consider you to be maliciously overdue, without any oversight. As a result, you may find your loan application rejected, or the loan amount reduced, or even interest rates increased。

Your letters are not just about your overdue records. The loan institution will also see if you have other liabilities, if your income is stable and if you have other fixed assets. So, keeping a good credit record as much as possible and avoiding delays would greatly improve your access to credit。

You might want to know about the various types of mortgage before you go into this. These include: individual housing loans (opt-out purchase of general housing); authorized trust loans (permitted individual Provident Fund loans by the Provident Fund management unit); self-employment loans (loans issued directly to individuals with bank operating funds); portfolio loans (loans granted to lenders on their own behalf by individual Provident Fund deposits and bank operating funds)。