A house can be used as a second mortgage, but the requirements are relatively strict and need to meet the following conditions: the borrower has no interest arrears, has a stable income, and has good credit; the house with a second mortgage loan must have a real estate certificate It is a commercial house; the first mortgage loan is applied to the bank.

What should you pay attention to when getting a second mortgage loan?

1. Loan amount.

The loan limit for a second mortgage loan is as follows: the value of the house is compared with the original purchase price of the house and the appraised price at the time of the second mortgage, whichever is lower. The maximum mortgage rate of a second loan mortgaged by a residential property shall not exceed 70%; the maximum mortgage rate of a second loan mortgaged by a commercial building shall not exceed 50%.

2. The loan application procedures are basically the same.

The procedures and documents required for the second mortgage and the first mortgage are basically the same. The legal effects after registration vary depending on the order in which mortgage rights are realized.

3. The second mortgagee must fulfill its obligation to inform.

Although the "Measures for the Low-Pressure Management of Urban Real Estate" stipulate that a second mortgage does not require the consent of the first mortgagee, but the second mortgagee must be informed. However, in the actual mortgage process, if the first mortgage contract requires the consent of the first mortgagee, it must be abided by as stipulated in the contract.

How to apply for a second mortgage loan?

1. With the consent of the bank, the seller and the buyer conduct a real estate transaction and sign a purchase contract or letter of intent.

2. Submit a loan application to the bank and submit relevant information.

3. The bank conducts a credit investigation on the borrower. After the review, the bank will notify the borrower of the review results. If the bank agrees to the loan, it will sign a contract with the borrower and guarantor, and sign a "Building Mortgage Loan Supplementary Contract" with the seller. The seller will repay the shortfall in the loan amount that the seller still owes on the principal and interest of the loan.

4. The borrower entrusts the bank to handle the real estate transaction transfer, mortgage registration, real estate insurance and other procedures with the seller.

5. After the bank obtains the "Other Rights Certificate for Land and House", it will transfer the loan funds to the seller's mortgage loan account and related accounts at the original loan outlet to repay the principal and interest of the mortgage loan owed by the seller, and the remaining balance will be used to repay the principal and interest of the mortgage loan owed by the seller. Credit the seller's bank account.

6. The borrower repays the loan on time.