How does Postal Bank mortgage house refinancing work specifically?

For example, in Shenzhen, if the house is purchased and mortgaged with a bank, such as Postal Bank or China Construction Bank; now I have been repaying the mortgage for more than a year. Since the value of houses in Shenzhen rises quickly, for example, the bank bought a house for 3 million in the past and now still has 1 million to pay back to the bank. The house has risen to 6 million, and now most banks can lend it up to 6 million. To 70%, it is a loan of 4.2 million, which means that the house still has room for 3.2 million. So how can we release the 3.2 million yuan appreciation space of the property and obtain this loan?

In fact, this operation is not very complicated. You only need to do a mortgage-to-mortgage to loan out the appreciation space. Use the money in business, financial management, investment and other projects that can make good profits.

The specific process is as follows:

First go to the bank to apply for a new loan. After the loan approval letter from the new bank is issued, go to the property redemption company to arrange the redemption of the property and pay off the remaining mortgage from the original bank. Get back the original real estate certificate. Then go to the Land and Resources Bureau with the new bank to go through the mortgage procedures, cancel the mortgage registration with the original bank, go through the mortgage procedures with the new bank, and finally wait for the new bank to lend money, and then repay the redemption money from the house redemption company.

Some people may ask, there are so many banks, and there is a big difference between mortgage loans and home purchase mortgages. For home purchase mortgages, the interest rates, loan terms, and repayment methods of each bank are basically the same. When it comes to housing mortgage loans, different banks have very different interest rates, loan terms, and repayment methods. Some banks' interest rates are around 5%, while others are around 6%. Some banks' loan terms are 5 years, while others are 10 years, or even 20-30 years. Some banks can only provide equal amounts of principal and interest, while other banks can provide interest first and then principal, borrowing and repaying at any time.

How to choose a bank with a more favorable interest rate that is more suitable for you?

Bank loans in the general market have monthly interest rates between 5% and 6%, and those with monthly interest rates exceeding 6%5 Bank interest rates are too high and not cost-effective, so be cautious. The application conditions for all banks in Shenzhen are the same: Shenzhen household registration or social security for one year, good personal credit, a relatively good source of repayment, and a stable personal income. The specific manifestations are: the requirements for work are paid on behalf of others. Salary, and the salary paid on behalf of the business is more than twice the monthly loan payment; the business requirement is 1/10 of the monthly bank turnover, which is twice the monthly loan payment.

Banks generally look very strictly at credit reporting and bank statements. Credit reporting represents a person’s creditworthiness, so customers with poor credit reporting will definitely not be approved by the bank, and the loan rejection rate will be very high. Secondly, there is bank flow, which represents an individual's repayment ability. How can a bank lend if you are unable to repay the loan? Banks only want to earn interest when lending money. If you don't pay back the loan, the bank can only seize your house and cannot sell your house. Moreover, the procedures are cumbersome. Banks will not do business at a loss.

Although most banks are strict about bank flow, there are some banks that can communicate with each other. It depends on your relationship with the bank's account manager and the bank's approving personnel. If you have a relationship, it's okay. solved. However, you also need to have a certain bank flow. If the flow is too little or no flow, the loan rejection rate will be very high no matter how good the relationship is.

So everyone must be familiar with the process first so as not to suffer a disadvantage!