Two, mortgage refers to the mortgage of the mortgaged property, to obtain loans from a specific lender. The characteristic of secondary mortgage is that you can get a loan again without paying off the previous loan, which saves time and the cost of prepayment.

For example:

For example, suppose a property has been mortgaged in the bank and is still being repaid normally. In this case, if the owner applies for a mortgage loan again, there is no need to pay off the bank loan in advance. As long as he can pass the professional evaluation, he can re-mortgage according to the evaluation value.

Quota:

The applicant only needs to go through the mortgage registration formalities once to realize the maximum mortgage loan. After obtaining the maximum loan amount, the loan can be withdrawn by stages as needed, and the interest calculation time is based on the actual payment time of each payment. This can save a lot of unnecessary interest costs. Maximum mortgage is essentially a kind of mortgage. Generally speaking, commercial banks provide the highest amount of mortgage loans in China.

Balance mortgage:

Secondary mortgage belongs to balance mortgage. The Property Law stipulates that as long as there is a balance in the value of the property after the first mortgage, it can be used as a second mortgage or a third mortgage. The common forms of balance mortgage in China are generally five-color soil mortgage, pawn mortgage or professional loan company mortgage.

Processing instructions:

The documents required for the two mortgages are mainly based on the specific requirements of the regional construction Committee. Usually only the applicant's real estate license (real estate license or house ownership certificate, land use right certificate or purchase contract and invoice) and identity documents (resident ID card, military officer's card, etc.). ) are needed. According to the time of spending money in each district and county and the time of handling other rights certificates, in general, the loan can be released on the day of receiving other rights certificates.

Requirements for secondary mortgage of real estate:

Banks have different regulations on mortgaged properties, and have corresponding requirements on the completion date and the area where the property is located. For example, before 1995, there were more restrictions on real estate, or in some remote suburban counties, the loan ratio was less. However, there is no restriction on the age and region of the property, and the property that can almost be registered as mortgage can be reasonably evaluated according to the price of similar property sold in the market at that time, so that the lender can obtain a higher loan ratio than the bank.