It is often said that the normal use of web-based lending products will not negatively affect your application for a home loan. Indeed, the repayment records of the Internet loan, while leaving a trail on your letter-in-writing report, will not cause trouble as long as they are repaid on time. However, if there were some malpractice in the use of the loan, it might affect the application. So, does it really matter if you use the Internet to apply for a mortgage? In fact, there is no impact if the following conditions are met。

Does it have any effect on applying for a mortgage on the Internet? It doesn't matter if we meet these conditions

First, ensure that there are no overdue records. The vast majority of loan products are already connected to the system, and normal repayments leave only a loan record and do not cause problems. But if there are delays, this will leave a bad record on your letter-in-writing report. When you apply for a mortgage, the bank will see these poor records and will consider that you have a credit risk. In case of risk, the bank is more likely to refuse your loan application directly。

Second, no overburdening. The bank reviews your liabilities when applying for a mortgage. While the use of Internet-based loans is possible, there are not too many liabilities. In general, banks require that your monthly income be at least twice the monthly mortgage. If you have other outstanding liabilities, banks may require higher income flows. Therefore, applying for too many loans on the Internet would increase your debt ratio, which would affect the review of the mortgage。

Besides, avoid multiple borrowing. If you borrow a lot of money from different platforms, it will be shown in the letter report, which is a risk signal for banks. They'll think you're under a high debt burden and relying on Internet loans, and there's a risk of being overdue. Once the bank has such concerns, you are likely to be denied a mortgage。

Moreover, there should be no significant borrowing in the near future. When you apply for a mortgage, the down payment must use personal funds and cannot be raised through a new online loan. Therefore, if the bank finds that you have just applied for a large amount of Internet loans, it suspects that you are raising down payments and that you are not able to repay them, which leads to the failure of the loan application。

Therefore, when using a net loan, remember to control the risk and not to inadvertently influence future mortgage applications. Loans should preferably be measured according to individual needs and repayment capacity to avoid over-borrowing。