How to borrow money to sell a house?
1, from loan to mortgage
This is the simplest and most direct method. What does refinancing mean? Refers to the sale or transfer of personal housing to a third person, apply for personal housing loan to change the loan term, change the borrower or change the collateral loan. However, at present, there are very few banks that can refinance mortgages, so this method is used to transfer houses.
Different banks have different regulations on the way of refinancing. Some banks can handle it, but some banks do not handle this business, and refinancing is generally handled through intermediary companies. So if you have this intention, you can go to the relevant departments for consultation.
2. Pay off the remaining loan with the buyer's down payment.
This is the most common way of second-hand housing transactions at present. This model is only applicable to the situation that the seller's loan amount is low or the seller has paid off more than half of the loan, and the remaining loan amount is not large, and the buyer has sufficient funds to pay the down payment.
Generally, at this time, the down payment paid by the buyer will be the loan amount that the seller has not returned. In this case, the seller can successfully cancel the mortgage record of his own property, thus successfully transferring his own house.
3. Use bank loans to pay off the remaining loans.
If the above two methods fail, then the seller can consider using other collateral under his name to settle his mortgage. This method is that when the buyer wants to pay off the loan before selling the property, but the seller does not promise to pay a large down payment, the buyer needs collateral recognized by the bank to apply to the bank. In this way, the buyer can get a sum of money through the mortgage bank, thus paying off the mortgaged property and promoting the success of the transaction.
What are the specific steps of buying a house with a loan?
1. Before handling the loan, the lender must first find out whether the bank that buys the building has a commitment letter to provide personal housing mortgage loans. If yes, the lender can apply for individual housing mortgage loan and fill in the loan application approval form. Then some materials of the commercial house (such as the original payment voucher, proof of economic source, sales contract and other materials) are handed over to the bank for loan.
2. As far as the developer is concerned, the lender is in the loan application approval form? Signature and seal of the guarantor's opinion column.
3 for the bank to be loaned, the loan officer of the bank should carefully review all the materials and documents submitted by the loan applicant and approve them step by step. Only after confirmation is correct can it be considered as passed.
4. After the loan officer reviews the materials, the loan bank will take back the completed materials and issue loans according to the legally effective contracts.
5. After that, you need to register with the notary office. The Property Right Registration and Notarization Section of the Land and Resources Bureau specializes in this business, and you can go through the formalities of real estate mortgage registration in this department.
6. It is necessary to inform the commercial housing developer to get back the relevant loan contract, and then the developer will issue a certificate of paying off the house price to the bank for loan.
7. The loan officer of the loan bank will file the loan file of this house.
The above is how to borrow money to sell a house. What are the specific steps of buying a house with a loan? Now we see that many second-hand houses waiting to be traded have unpaid mortgages, but everyone is confident that they can sell their houses, because as long as everyone has mastered the method of selling, nothing is impossible. I hope everyone will gain more after reading the above content.