Calculate how much it will cost to renovate your home

Today, when buying a house, for our ordinary families, there are still only a few people who pay off the house in full in one go, and most of them still use mortgage loans. Come to buy a house, this can not only reduce our financial pressure, but also meet our needs for buying a house. It is really the best of both worlds. So can I still get a loan after the house is mortgaged? Next, let’s find out with the editor!\r\nCan I still get a loan after the house is mortgaged?\r\nThe house has been mortgaged, so you can get a second mortgage loan. A mortgage loan is a remortgage of an already pledged property to obtain a loan from a specific lender. The characteristic of a second mortgage loan is that you do not have to pay off the previous loan, and you can directly re-mortgage and obtain another loan, saving many intermediate links such as time and advance capital costs. \r\nWhat conditions need to be met for a real estate mortgage loan\r\n1. The property rights of the house are clear. The house that you want to apply for a mortgage loan must have clear property rights and be outside the scope of transactions restricted by the state, so that it can enter the real estate market. As far as I know, the property used as mortgage must have a real estate certificate and a state-owned land certificate. For example, the reason why people often talk about small-property houses cannot be used for mortgage loans because the purchase contract cannot be filed with the housing authority. \r\n2. The age of the house cannot be too large. The house used as a mortgage cannot be too old (generally no more than twenty years), because the older the house, the smaller its value. In order to control risks, lending institutions will not issue loans. \r\n3. The house is not included in the demolition plan. House demolition is still very common in China, and according to mortgage loan policies, houses included in the local urban reconstruction and demolition plan cannot be used for mortgage loans. \r\nEditor's conclusion: The above content is an introduction to the relevant content about whether you can still get a loan after the property is mortgaged. I hope it can help you. I believe that after reading the introduction, you will have a better understanding of what conditions need to be met for a real estate mortgage loan. If you need it later, you can refer to it.

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