Have you ever thought that if your spouses are in bad credit, you can still apply for a mortgage together? This may be a little harder than you think. When you buy a house together, the bank reviews your personal credit status. If your partner's credit is poor, it's likely to affect your loan applications. This is because the entire family is assessed as a unit by the Bank ' s loan approval, so in the case of married persons, both the applicant and his spouse are subject to credit clearance。

One of the loan partners can't get credit

With regard to early repayment of mortgages, you may choose to reduce the repayment period or reduce the monthly repayment pressure, depending on your circumstances. If you choose to reduce the duration of the loan, that means that your monthly repayment will not change, but your loan will be settled in a shorter time. Most of all, you'll save a lot of interest, and that money you can use for better wealth planning and better quality of life. And if you choose to reduce the amount of the monthly repayment, which means that your loan term will not change, but you can pay less every month, which will ease your economic pressure every month。

For businessmen in particular, the monthly financial pressure will be eased, and it is a good option for them to use this money for personal trading and liquidity。