However, if the loaned house is used to apply to the original lender for re-mortgage, it can be mortgaged to the bank through the purchase contract. If the buyer fails to repay the principal and interest on time, the bank has the right to sell the house to pay off the debt.
Therefore, the house in the loan can be mortgaged, which is also called the second mortgage of real estate.
Matters needing attention in secondary mortgage of real estate:
1. The second mortgage of real estate can only be handled in the same bank that handles housing loans;
2. Whether the completion date and area of the house meet the secondary mortgage area and required service life of the bank;
3. The interest rate in two mortgage is generally 4.35%, which is subject to the actual interest rate stipulated by the bank.
The above is about the introduction of two kinds of mortgage of the house under loan. I want to remind you that too many loans will also increase the repayment pressure, so you should make a repayment plan in advance when applying for a loan.