The following risks may occur:

1. After the buyer paid off the loan, the seller suddenly changed his mind and refused to transfer the ownership;

2. After the loan, the buyer refuses to repay the loan for the seller;

3. The bank refuses to lend money in advance;

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

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

The specific process of re-mortgage is to sign the house sales contract first, then sign the security guarantee contract of re-mortgage transaction, and then the buyer pays the down payment.

Risks of remortgage

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 is not permanent.

2. The buyer's loan application is difficult to meet the seller's demand for early repayment of the loan in the subprime mortgage, which leads to the operation being blocked.

3. Due to the lack of credit of the buyer or the intermediary agency providing guarantee, the bank refused to lend in advance, which made it impossible to refinance the mortgage 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.

Is it true that mortgages are transferred to lower interest rates?

Refinancing is actually to convert high-interest loans into low-interest loans, so as to achieve the purpose of reducing interest rates. For example, if the bank mortgage interest rate and the operating loan interest rate are converted into operating loans, the interest rate difference between the two loans will definitely save a lot of interest.

However, risks should be considered when transferring mortgage loans, which does not mean that interest can only be reduced:

1. First of all, the repayment period will be shortened after the mortgage is converted to mortgage. The longest loan term of mortgage loans is 30 years, while other types of loans (such as operating loans) are up to 5 years. For borrowers, even after refinancing, the interest will be low, but the loan term will be shortened and the monthly payment may be higher, so the repayment pressure of borrowers will become greater and the risk of overdue will be great.

Secondly, most of the loans are earmarked, which will involve the real use of funds. For example, if the loan is converted into an operating loan, the bank will provide relevant consumption vouchers to verify the use of the funds. If the borrower does not actually operate, there will be the risk of illegal funds. Once the bank withdraws funds in advance, it will be very troublesome for the borrower to be unable to repay.

If the borrower really thinks that the mortgage interest rate is too high, it is better to apply for a pure commercial loan and convert the commercial loan into a provident fund loan. In this way, the nature of the loan is mortgage loan, while the interest rate of provident fund loan is lower than that of pure commercial loan, and the term is long enough. Compared with other types of loans, it is cost-effective and will not have the above risks.