In today ' s quest for quality of life, car and house purchases have become indispensable life choices for many. Here, we have to look into a common question: can people who already have a mortgage have a loan to buy a car

Do you have a mortgage

The answer is yes. In principle, loans for house purchases do not conflict with loans for car purchases. In further considering this issue, however, we need to recognize that banks will assess their ability to repay on the basis of the lenders ' income. In other words, if you already have a lot of personal debt, it may create obstacles to your car loan approval, and banks may fear that you will not be able to repay your loan in the medium term。

Of course, to successfully apply for a car loan, you need to meet some of the following criteria:

1. Must be at least 18 years of age and have full civil capacity

Having a permanent residence or domicile there

3. Work that is legitimate and economically stable

4. Good credit and no poor credit record on personal letters

5. Relevant documentation is required during the application process, including identity cards, household records, income certificates, bank flow lists and copies of property certificates

6. A letter of contract or agreement for the purchase of a car with the identity of the lender

7. Meet other standards set by cooperating agencies。

I hope this article will help you. Thank you for reading。