For those who are currently buying a house with a loan, the most troublesome issue is the situation of selling it again. We knew that when we took out a loan to buy a house, we solved the problem of insufficient funds. However, it is not allowed to sell a house with a loan, so we have to find a way to buy our own house without a loan. So, how to sell a house with a loan? What should you pay attention to when taking out a house loan?
How to sell a house with a loan?
1. Loan-to-mortgage
This is the simplest and most direct method. So what does remortgage mean? It refers to selling or transferring a personal home to a third party and applying for a personal home loan to change the loan period, change the borrower or change the collateral. However, there are currently very few banks that can handle remortgage, so this method is used for house transfer.
Different banks have different regulations for remortgage. Some banks can handle it, but some banks do not handle this business. In addition, remortgage is generally done through an intermediary. The company handles it. Therefore, if you have any intention in this regard, you can go to the relevant departments for consultation.
2. Use the buyer’s down payment to pay off the remaining loan
This is the most common method in current second-hand housing transactions. This model is only applicable when the seller's loan amount is low or the seller has paid off most 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 amount of the loan that the seller has not repaid. In this case, the seller can successfully cancel the mortgage record of his property and successfully transfer his property. houses.
3. Use bank loans to pay off the remaining loan
If the above two methods do not work, then the seller can consider using other mortgages in his name to pay off his Real estate mortgage. This method is used when the buyer wants to pay off the loan before selling the property, but the seller does not bear the need to pay a large down payment. A necessary prerequisite is that the buyer has bank-approved collateral to apply to the bank. In this way, the buyer can get a sum of money from the bank to pay off the mortgaged property to facilitate the success of the transaction.
What should you pay attention to when getting a house loan?
1. When applying for a personal housing loan, the borrower should make a correct judgment on his current financial strength and repayment ability, and at the same time make a correct and objective judgment on his future income and expenditure. predict. For borrowers, if you are buying an existing house or a second-hand house, you can choose your own lending bank. The more services a mortgage bank provides, the more detailed they are. You will receive flexible and diverse personal financial services, as well as a rich portfolio of services and products. From the perspective of citizens, there is no doubt that the more choices citizens have, the better.
2. Currently, there are basically two repayment methods for personal housing loans: one is the equal-amount repayment method, and the other is the equal-amount principal repayment method. The advantage of the equal repayment method is that the borrower can accurately grasp the monthly repayment amount and arrange the family's income and expenditure in a planned way. The equal principal repayment method is more suitable for individuals who have strong repayment ability in the early stage of repayment and hope to return a larger amount in the early stage of repayment to reduce interest expenses.
To sum up, this article mainly talks about how to sell a house with a loan and what to pay attention to when getting a house loan. Now our three methods can solve the problem of a house with a loan. Selling, although it is a bit troublesome to operate, after all, such a house can be sold, which solves the seller's worries. In addition, you should also read the loan precautions in detail.