2. Only after the bank agrees can the secondary mortgage formalities be handled. After the application is approved, you need to submit the information needed for the loan to the bank, and the bank will review your information and tell you the result after the review. After approval, it is necessary to sign a second mortgage contract with the bank and go through the notarization procedures of the loan contract.
3. With the consent of the bank, the lending institution will know your personal information, see if you meet the requirements of the second mortgage, and know the basic information of the house. Lending institutions will conduct on-the-spot inspections of houses to check their location, facilities, environment and area, and see if they have the value of secondary mortgage.
4. After negotiation, both parties can sign a loan contract with private secondary mortgage. After the contract is signed, the staff of the lending institution will accompany you to the Housing Authority for the second mortgage registration. Don't forget to prepare relevant materials.
How much can I borrow from two mortgages?
1. The calculation method of loan amount is loan amount = house value * mortgage rate-original loan principal balance. Among them, the value of the house is the lower of the original purchase price and the second mortgage evaluation. The mortgage rate of self-occupied real estate in two mortgage shall not exceed 70%, and the mortgage rate of secondary loan of commercial housing shall not exceed 50%.
2. The term of two mortgages shall be determined according to the specific purpose of the loan. The term of personal consumption loan shall not exceed 5 years, the term of personal business loan shall not exceed 3 years, and the maturity date of the loan shall not exceed the maturity date of the first mortgage loan.
Two mortgage conditions
1. The houses in the two mortgage loans are both residential and commercial.
2. The house used for personal housing in the second mortgage must be an existing house.
3. The house is a first-hand house purchased by bank mortgage loan.
4. The house has been registered as mortgage, and the bank is the mortgagee of the house.
The house has been insured by the bank, and the original policy is managed by the bank.
6. The house has a superior location, convenient transportation, complete facilities and strong mobility.
7. The borrower is a customer of the bank's first-hand mortgage loan, with stable income, good credit and strong repayment ability during the repayment process, and no interest default on the first-hand loan.