No, it is impossible to apply for a mortgage loan for a house that is being repaid. As far as the regulations of banks are concerned, many individuals will not accept the second mortgage business. The borrower can only apply for a mortgage loan after the loan is fully paid off, so it is impossible to realize the loan according to this conventional process.

Terms of mortgage loan

1, a natural person with full capacity for civil conduct, aged between 18 and 65; Have legal and valid identification (resident ID card, household registration book or other valid identification) and proof of marital status.

2. Have good information records and willingness to repay; Have a stable source of income and the ability to repay the loan principal and interest in full and on time; Sales (pre-sale) contract or letter of intent for commercial housing and purchased housing.

3. Have the ability to pay the down payment of the purchased house; If the newly purchased house is used as the maximum mortgage, it must have a legal and effective purchase contract, the age of the house is within 10 years, and the down payment of not less than 30% of the total price of the purchased house has been prepared or paid; If the mortgage loan has been purchased, the original mortgage loan has been repaid for more than 1 year, the loan balance is less than 60% of the mortgaged house value, and the mortgaged house has obtained the property ownership certificate, and the age of the house is within 10 year.

4. There is an effective guarantee recognized by the lender; Other conditions stipulated by the bank.

The process of handling housing mortgage loan

1. The buyer and the seller sign the house sales contract, and stipulate the down payment, loan and final payment;

2. The purchaser and spouse apply for a loan from the bank, and the seller and spouse are present for confirmation;

3. The bank examines and approves the loan application;

4. The buyer signs a loan and guarantee contract with the bank;

5. The seller transfers the property right of the house to the buyer, and the seller obtains the down payment from the buyer;

6, the buyer and the bank for real estate mortgage registration (or by other natural persons and legal persons to provide phased guarantee for the buyer);

7. The bank issues loans to the seller's account;

8. The buyer and the seller settle the house payment, and the seller obtains the final payment from the buyer;

9. The purchaser takes over the house and repays it on a monthly basis (in the case of installment guarantee, the purchaser and the bank will re-register the house mortgage).