What's the interest rate in two mortgage?
The benchmark interest rates are 1 year 6.56%, 3-year 6.65%, 5-year 6.9% and1year 7.05%, but banks generally follow the floating standard.
The process is roughly like this. Pay off the original loan and submit a second loan to another bank. Tip: Mortgage-to-mortgage is suitable for houses with high residual value. The loan amount is equal to the market value of the house *0.65- arrears, and the previous mortgage interest rate concessions are gone.
If it is China Merchants Bank, we don't accept the second loan now, that is, the lent property can no longer be used for borrowing. For detailed policies, you can also go to the local China Merchants Bank outlets to recognize personal loans. Unless the mortgage repayment period of the house is not more than 6 months or 1 year, perhaps the house without real estate license or land certificate, or the mortgaged house has depreciated, and the residual value is lower than the evaluation price, etc., there are many details.
What are the ways of second mortgage?
Common ways of personal real estate lending: bank lending, general lending, lending bank lending, and small loan company lending. When you are in urgent need of funds, the most important thing is to find the loan method that suits your situation best.
Compare the following methods and analyze their respective advantages:
1, bank loans are generally only for the first time, and the maximum is 70% of the property value; The loan term is within 1 month; Loan term: consumer loan 1- 10 years, mortgage loan 10-30 years; Unlimited loan amount; Generally, the repayment method of equal principal and interest is adopted: the annual interest rate is 6-9%.
2. The lender can borrow twice, and the first loan plus the second loan is about 60% of the property value; The loan term is 1- 10 day, and the loan term is 5 days to 6 months; The loan amount is1~100000; Generally, this method pays interest first and then, with a monthly interest rate of about 3%.
3. Small loan companies borrow money
You can borrow twice, and the first loan plus the second loan will merge into about 70% of the property value; The loan term is 1- 10 days; The loan term is 1~ 12 months; The loan amount is within1~ 20 million yuan; Choose the repayment method of equal principal and interest: monthly interest1.25%; In this way, the interest is paid first and then paid back, and the monthly interest 1.5~2%.
4. General loans can be borrowed twice, and the first loan plus the second loan together is about 50% of the value of the property; Loan term 1-5 days; Loan term 1 month -5 years; The loan amount is 200-20 million yuan; Matching principal and interest repayment method: monthly interest1%; Pay interest first and then repay in this way. The monthly interest rate is about 1.25%.
The four loans require the same information: identity card, household registration book, marriage certificate, real estate license, bank income in the past year, credit statement, etc. As far as inspection methods and procedures are concerned, bank loans are the most stringent, paying attention to method inspection, while private loans are more efficient and pay attention to essence inspection.
Everyone knows what the interest rate of the second mortgage loan is. Bian Xiao reminded everyone that two mortgage should be conducted legally.