The process of remortgage is as follows: go to the receiving bank to fill in the remortgage application form; after passing the review, go to the original bank to repay in full, go to the receiving bank to sign a new mortgage loan contract; go to the housing mortgage registration department to handle the decompression For formalities and new mortgage procedures, hand over the real estate certificate, release procedures and mortgage procedures to the receiving bank.

Legal Basis

Article 32 of the "General Principles of Loans"

The borrower shall repay the loan principal and interest in full and on time in accordance with the loan contract. Lenders must promptly issue collection notices for overdue loans and do a good job in collecting the principal and interest of overdue loans. If the loan cannot be repaid within the time limit stipulated in the loan contract, the lender shall impose penalties and interest in accordance with regulations; if the loan cannot be repaid or cannot implement the repayment of principal and interest, it shall urge the repayment or prosecute in accordance with the law.

Article 53

The lender shall require the borrower whose property rights are transferred for a fee or who applies for dissolution to repay the loan debt before the property rights are transferred or dissolved.