1. Subprime mortgage
It can be said that refinancing is a relatively simple method. Mortgage refers to a loan that sells or transfers personal housing to a third person, applies for personal housing loan, changes the loan term, changes the borrower or changes the collateral.
In the sale and purchase of second-hand houses, the individual housing is sold or transferred to a third person for personal housing loan to change the loan term, change the borrower or change the collateral.
However, in practice, different banks have different regulations. You need to consult the relevant banks for details. It should be noted that it is necessary to entrust an intermediary agency to apply to the bank for remortgage, and the bank does not accept individuals to apply for remortgage of second-hand houses.
2. Pay off the remaining loans with the down payment of the buyers.
Today's second-hand housing transactions, this is a more common way. Of course, this model is suitable for cases where the original owner's loan amount is low or the original owner has returned most of the loans and the remaining loans are less.
Generally speaking, the buyer can accept a down payment of 30% to 40% of the total turnover of the property, and the seller can use these down payments to settle the remaining loans, and then cancel the mortgage registration of the property and make the next transaction.
3. Use bank loans to pay off the remaining loans.
If the above two methods fail, the seller can consider using collateral (such as other real estate) in his name to settle the mortgage loan.
This method is suitable for the situation that the seller wants to pay off the loan before selling the house or the buyer is interested but may mind that the loan has not been paid off. The premise is that the seller has collateral (such as other real estate) recognized by the bank to apply for a loan from the bank.
In this way, the seller can lend a certain amount of money to the bank through mortgage loan to repay the real estate loan he wants to sell, thus contributing to the success of the transaction. After that, the buyer pays off the bank mortgage after paying the full amount.