Yes, a loan can affect your mortgage application. However, it’s important to understand the specifics of how loans impact your mortgage application before making any decisions. 

First, it’s important to understand what a loan is. A loan is a sum of money that you borrow from a lender with the understanding that you’ll pay it back with interest over time. 

Loans come in many different forms, including personal loans, car loans, and student loans. Each type of loan can impact your mortgage application differently.

The biggest way that a loan can affect your mortgage application is by impacting your debt-to-income ratio (DTI). 

Your DTI is a measurement of the percentage of your monthly income that is used to pay down debts. In order to determine if you can afford a mortgage payment, lenders look at your DTI. 

If you have a loan, it will increase your overall debt load and may push your DTI above what lenders consider to be an acceptable level. 

This can make it harder to qualify for a mortgage, especially if you’re already close to the maximum DTI allowed by the lender.

However, not all loans are created equal. Some types of loans are considered more harmful to your mortgage application than others.