What is Soochow Bank’s second mortgage interest rate?
The bank’s second mortgage interest rate is 8-9. Below six months (inclusive) 5.10 Six months to one year (inclusive) 5.10 One to three years (inclusive) 5.50 Three to five years (inclusive) 5.50 More than five years (inclusive) 5.65. The interest rate of the second mortgage loan actually floats on the basis of the commercial loan interest rate stipulated by the bank. The commercial loan interest rate stipulated by the People's Bank of China is.
The bank's secondary mortgage loan interest rate is that a bank is a financial institution established in accordance with the law to engage in currency and credit business. It is the product of the development of the commodity currency economy to a certain stage. They have different responsibilities and can be divided by type: central banks, commercial banks, specialized institutions, investment banks and the World Bank. It is known as a bank and is related to the economic development of our country. What is the one-cent interest rate for a second mortgage loan?
What is the interest rate for a first and second mortgage loan?
The interest rate for a second mortgage loan is 8-9 per year. Currently, banks such as China Guangfa Bank and Minsheng Bank There are not many banks that can handle second mortgages for houses. The loan period is 1-3 years, and the combined mortgage rate (the ratio of the total amount of the two unpaid loans to the property value) does not exceed 60%. In 1-3 months Loans within the month. Zhaofa.com reminds you that the second mortgage loan interest rate () is also related to time: (1) Less than six months (inclusive) 5.10 (2) Six months to one year (inclusive) 5.10 (3) One year to three years (Inclusive) 5.50 (4) Three to five years (inclusive) 5.50 (5) More than five years (inclusive) 5.65
2. What procedures are required for mortgage real estate loans
Mortgage real estate Loans require the following procedures:
1. Submit a loan application
The borrower applies to the financial institution for the purpose, amount and term of the loan. If the loan application meets the loan scope of this financial institution, then you need to prepare the corresponding information.
2. Submit loan information and conduct house value evaluation
After all materials are submitted, the bank will conduct on-site investigation and evaluation based on the mortgaged house.
3. Apply for loan approval
The house appraisal company will submit the appraisal report or survey opinion to the bank for approval.
4. Sign a loan contract and go through the mortgage registration procedures
5. The bank lends money and the lender repays it on time
Repaying it on time builds good credit An important link, if the loan is repaid in full on time, it may have a positive effect on the borrower's future borrowing, job search, etc.
3. Conditions for real estate mortgage loans
1. The first set of loans, regardless of area, can be loaned at 70%, and the interest rate is based on the interest rate
2. The second set of loans: The maximum loan for the second set of loans is 40%, and the interest rate will be increased by 10%, and so on
3. The definition of the second set of loans: Now all banks subscribe to the loan, that is, based on the family, the property owner , the property owner's spouse, the main borrower, the main borrower's spouse, the auxiliary borrower, or the auxiliary borrower's spouse, if any one has ever had a housing loan or has a property in his name, when applying for a housing loan again, it will be regarded as a second loan. Including settled housing loan records and provident fund loan records.
4. If the property ownership certificate is in the name of a minor, you cannot apply for a loan. However, if the property is calculated as a family unit, if there is a property in the name of a minor child, his parents will still count it as two properties when applying for a loan.
5. Loan account: ICBC Xigang loan is disbursed to the capital supervision account or the seller's account. Other banks all lend money to the seller's account
6. Three properties: All banks do not grant loans. What is the interest rate for the second mortgage loan?
The expected annualized interest rate of the bank for the second mortgage loan is 8- Around 9. For example, Guangfa Bank and Minsheng Bank are a few banks that can handle second mortgages for housing. The loan term is 1-3 years, the combined mortgage rate (the total ratio of the two outstanding loans to the property value) does not exceed 60, and the loan is disbursed within 1-3 months. If you are not very strict about time, you can consider it.
The pawn shop's expected APR on a second mortgage is a monthly administration fee.
The term is 5 days to 6 months, and the maximum amount of two mortgages is 70% of the remaining value of the house. The loan will be disbursed within 7 days. People with tight time requirements can consider it.
The comparison is to go to a third-party loan company. The loan company's expected annual interest rate for second home loans is below 2 per month. The term is 6-12 months, the combined mortgage rate is 70, and the loan is disbursed within 15 days. No matter which point, I am quite satisfied and it will not be useless. What is the interest rate for a second mortgage on a house
1. Positive answer
It mainly depends on whether the first mortgage is paid off.
2. Specific analysis
1. Apply for a second mortgage if the mortgage loan is not settled
This situation is unlikely to happen because the mortgage loan requires borrowing. This can only be done if the person presents a property ownership certificate, and the property ownership certificate cannot be retrieved if the mortgage loan is not paid off, so few lending institutions can accept this kind of second mortgage loan.
If a lending institution is willing to accept it and does not require a full mortgage on the property, then the interest on the second mortgage will definitely be high, higher than the interest on the outstanding mortgage.
According to feedback from some netizens, if the annual interest rate of the first mortgage loan is 4-6, then the annual interest rate of the second mortgage loan may be 10-20, which shall be subject to the actual situation.
2. Apply for a second mortgage after the mortgage has been paid off
In this case, the current value of the house needs to be assessed, which can be assessed through the following aspects.
Assessment 1: The age of the house at the time of the second mortgage.
The property rights of a house can last up to 70 years from the time it is built. If the age of the house at the time of the second mortgage has exceeded half of the property rights, or the age of the applicant plus the age of the house is close to 70 years, then the risk of the mortgage loan will be It is very large, and even if a second mortgage is allowed, the loan interest rate will be very high.
Assessment 2: Supporting environment around the house.
Generally speaking, as long as the location of the house is well chosen, there will be a lot of room for appreciation, especially if the surrounding business district, transportation, medical care, education and other supporting environments are better, the higher the value of the house. Even if it is a second mortgage, as long as the mortgage value is guaranteed, the loan interest rate may not be very high.
Assessment 3: The external and internal quality of the house itself.
For example, the location of the house, the orientation of the house, the floor level of the house, the quality of the interior decoration of the house, the distance between the apartment type and the building, etc., will all affect the comfort of living and thus reflect the value of the house. Therefore, the The better the quality, the lower the second mortgage interest rate may be.
In general, the interest rate of a second mortgage loan is still relatively higher than that of a first mortgage loan. After all, the risk that the lending institution needs to bear has also increased, but the specific higher amount is subject to actual approval. .
Online loan big data can clearly reflect the recent application of online loans by users, whether online loans are repaid on time, whether there is any suspicion of identity information, etc.; you can search for "Xiaoqi Xincha", etc. Check with a credit inquiry tool and get a detailed risk report.
3. What are the conditions for a second mortgage loan for real estate?
In addition to the basic conditions such as the borrower’s age, ID card, and residence permit, the second mortgage must also be met.
1. The borrower’s credit status is good, and there is no overdue or other bad credit record during the first mortgage period.
2. The borrower has a stable income from work and can repay the principal and interest of the second mortgage loan on time.
3. The property providing mortgage must have a large assessed value and development space, and be accepted and recognized by lending institutions.
4. Be able to provide property ownership certificate for mortgage registration, so that the lending institution can have the priority right to repay the property.
5. Provide proof of the purpose of the second mortgage loan, such as transaction vouchers, purchase and sales contracts, business licenses, business flow records, etc.
Note that if the second mortgage loan is only used to repay other loans, it is definitely not allowed, nor is it allowed to be used for other purposes prohibited by laws and regulations such as investment and gambling. The specific regulations of the lending institution shall prevail.