"Mortgage" means that during the repayment period of individual housing loan, the borrower sells the house as collateral, and with the consent of the loan bank, the buyer of the house continues to repay the unexpired loan of the seller. In short, it is to buy and sell the house that is still under mortgage, and the buyer of the house will continue to repay the mortgage of the seller.

Second, the basic operation process of refinancing.

1. The buyer and the seller sign a sales contract, namely the House Sales Contract. Materials to be submitted by the buyer: ID card, photocopy of household registration book (both husband and wife can), marriage certificate, sales contract, income certificate and business license stamped with official seal (all of the above are photocopies); Materials to be submitted by the seller: house purchase contract, loan contract, house purchase invoice, deed tax invoice, bank statement and loan voucher; Copy of ID card, household registration book, original seller's statement and proof that the seller's spouse agrees to sell;

2. To evaluate the traded house, both buyers and sellers need to carry ID cards, household registration books, sales contracts and copies of property rights certificates;

3. The buyer will submit the loan application materials to the bank, obtain the loan approval from the bank and deposit them in the special loan account;

4. The seller shall go through the formalities of repaying the loan in advance and cancel the mortgage registration;

5. After the seller completes the mortgage cancellation procedures, both parties go to the trading center to handle the transfer;

6. The remaining house price paid by the buyer to the seller except for prepayment of the loan;

7. After the buyer's property certificate is issued, the mortgage registration shall be handled:

8. The certificate of other rights shall be taken over by the bank, and the buyer shall take back the real estate license.

Three. Reasons for refinancing:

1. The remortgage business involves the change of old and new mortgage loans. It is suggested that the buyers and sellers of remortgage should consult or operate through professional intermediaries, and professional brokers should provide a more reasonable remortgage operation plan.

2. When re-mortgaging, because the seller's house is still in the mortgage period, it is impossible to make a second mortgage, so it is necessary to issue a second loan to pay off the seller's first loan. Only after the mortgage is released and the property right certificate is obtained can the house property right be transferred.

Fourth, the risk of refinancing:

1. After the mortgage loan of the seller is changed to the buyer, or the buyer pays off the loan for the seller in advance, the transfer cannot be carried out normally.

2. The buyer's loan application is difficult to meet the seller's demand of repaying the loan in advance during the sub-mortgage, which leads to the operation being blocked.

3. Due to the lack of credit of the buyer or the intermediary providing guarantee, the bank refused to lend money in advance, resulting in the inability to mortgage the loan.

4. After the transaction is completed, the buyer can't get the real estate license smoothly.

5. After the transaction is completed, the seller can't get the remaining house payment smoothly.

Verb (abbreviation of verb) "sub-mortgage" case

The owner, Ms. Zhang, has a house with a loan of 270,000 yuan, and the loan of the house in the bank is still 6.5438+0.8 million yuan. The house was sold because of the urgent need for money. Mr. Wang wants to buy this house, and the two sides signed a house sales contract, agreeing to clinch a deal at a price of 300,000 yuan. Mr. Wang paid 654.38+10,000 yuan in advance as the down payment for the house purchase. Then, the owner, Ms. Zhang, went to the mortgage bank for the "mortgage change" procedure, that is, applied for early repayment. At the same time, Mr. Wang applied to the bank for a second-hand housing mortgage loan of 200,000 yuan. Then the bank lent money in advance, paying 6.5438+0.8 million yuan for Ms. Zhang to repay the loan in advance and cancel the mortgage. Later, Ms. Fang advocated that the house be transferred and notarized. After the transfer is successful, the property right certificate will be mortgaged and registered, and then the property right certificate will be given to Mr. Wang, and the remaining 20,000 yuan of the 200,000 yuan loan that Mr. Wang applied for from the bank will be given to Ms. Zhang. At this point, the transaction is completed.