Can I still get a loan if I have a mortgage?
Some mortgage loan users can continue to apply for loans, but it is recommended that users apply for bank loans first, because banks have a high degree of recognition for mortgage customers.
Of course, after the loan application is submitted, whether it can pass the review will be subject to the review results given by banks and financial institutions. And if you already have a mortgage, applying for another loan will increase the risk of overdue loans. Please carefully consider whether you need to apply for a loan in the future.
Mortgage, also called house mortgage. Mortgage refers to the housing mortgage loan application submitted by the buyer to the bank, as well as legal documents such as ID card, income certificate, house sales contract, and letter of guarantee. , must be submitted. The bank promises to issue a loan to the buyer after passing the review, and handles the notarization of real estate mortgage registration based on the house sales contract provided by the buyer and the mortgage loan contract entered into between the bank and the buyer. The bank will transfer the loan funds directly to the seller's bank account within the period specified in the contract.
On November 24, 2013, the latest survey data showed that based on sample data from October 11 to November 11, 17 of 32 cities had suspended housing loans.
Basic introduction:
The participants in mortgage loans include commercial banks that provide credit funds, home buyers who ultimately purchase the property, and property owners (including developers/second-hand housing owners), Appraisal companies and mortgage guarantee companies also need to be involved when applying for a loan.
Statistics released by Beijing Wancai United Investment Management Co., Ltd., a real estate guarantee company, show that at the end of 2010, the mortgage loan utilization rate had reached a high level in major first-tier cities in China. In terms of home purchase mortgage loans, the loan ratio has reached more than 70%. And in recent years, more and more residents have used their own or relatives' properties to apply for mortgage loans to revitalize their properties. "Mortgage" has become a way of life closely related to residents' lives.
Housing Loans
Personal housing loans refer to loans issued by banks to borrowers for the purchase of ordinary houses for self-use. Borrowers must provide security when applying for a personal home loan. Personal housing loans mainly include entrusted loans, self-employed loans and portfolio loans. Entrusted loans
Personal housing entrusted loans refer to loans that banks, entrusted by the housing provident fund management department, use housing provident fund deposits as the source of funds to provide loans to individuals purchasing ordinary housing. Also known as provident fund loan.
Self-operated loans
Self-employed housing loans are loans issued by bank credit funds to individual buyers. It is also called a commercial personal housing loan, and the loan names of each bank are different. China Construction Bank calls it personal housing loan, and Industrial and Commercial Bank of China and Agricultural Bank of China call it personal housing guaranteed loan.
Can I get a home loan?
You can still get a loan if you have a mortgage, because the house can be mortgaged twice. The second mortgage is more convenient and faster than the first mortgage, but the interest rate is higher.
The conditions are as follows:
1. The house used for the second mortgage must be an existing house; 2. The mortgage registration of the property has been completed, and the bank is the mortgagee of the house. 3. The real estate certificate is in the possession of the customer himself; 4. The property has a second mortgage limit and the balance of the housing loan is less than 70% of the current house price; 5. The borrower has full capacity for civil conduct and has a stable income and good credit; 6. The properties should be high-quality housing and commercial buildings with great market development potential. Although applying for a second mortgage loan effectively increases the loan limit, it should be noted that the second mortgage loan must be operated when there is a certain amount of loan space. In other words, if the first loan limit only reaches 30% of the appraised value of the mortgaged house, choosing a second mortgage loan will undoubtedly significantly increase the loan limit.
In general, it is not easy to apply for a bank loan, and failure to apply will also affect your credit record. In order to obtain lower financing costs and handle large-amount bank loans conveniently and quickly, people usually go to professional institutions, such as Dongguan Fangsu Loan. With their professional industry knowledge, they can help customers solve difficult problems in the financing process. Help customers choose the most suitable financing solution from thousands of banks.
Fangsu loan financing consultation hotline: 0769-33888836
I have a mortgage loan, can I still take out a loan?
You can still get a loan even if the mortgage has not been paid off.
When applying for a loan at a bank, the bank mainly looks at the applicant's current repayment ability and credit record. If the applicant has a good credit record and has sufficient repayment ability, he or she can apply for a loan from the bank. If the mortgage is not paid off, you can get a loan. Whether the personal mortgage loan is paid off or not has no impact on the personal loan application.
What you need to understand is that because your personal mortgage loan has not been paid off, if you apply for a loan at the bank, the bank will determine your repayment ability based on your current income and monthly mortgage payment. So in this way, because there is still a mortgage to repay, the loan amount that an individual can apply for will also have a certain impact.
If you want to buy a house through a loan, you must not do these things.
1. Credit card payments are overdue three times in a row (or a total of six times within two years).
2. The monthly mortgage payment is overdue or non-repayable for 2 to 3 months.
3. The monthly car loan payment is overdue or non-repayable for 2 to 3 months.
4. If the loan interest rate increases, the monthly payment will still be paid at the original amount, resulting in overdue interest.
5. Sleep credit card will incur annual fees if not used after activation. Failure to pay will result in a negative credit record.
6. Credit card overdrafts and mortgage loans are not paid back on time.
7. When providing guarantee to a third party, the third party failed to repay the loan on time.
8. Debt arrears and other financial issues will also affect your credit record.
9. Failure to pay water, electricity and gas bills on time.
10. Personal credit cards are cashed out.
11. Student loan arrears and non-repayment.
12. Mobile phone deductions are linked to bank card deductions. Relevant procedures were not completed after the mobile phone was deactivated, resulting in overdue payment due to monthly rent arrears.
13. Credit card arrears records are generated when someone else uses the identity card or a copy of the identity card fraudulently.
It can be seen that many of the above things are easily ignored by us in our daily life. Once we accidentally have a bad credit record, it will be a particularly troublesome thing for us to get a loan to buy a house.
Some things you must not do when buying a house with a loan
Can I still get a loan if I have a mortgage on the house?
In real life, we need to use money There are many places. If you are already burdened with a mortgage and your family does not have much savings, you will need to use a large amount of funds when you encounter an unexpected situation. So at this time, many homeowners will think about using their own houses with mortgage loans to take out mortgage loans. So, can I still get a loan if I have a mortgage on the house? Let’s explore the answer together!
1. Yes, not only can you get loans from private lending institutions, but many banks also have this type of business. However, it should be noted that not all banks have "secondary mortgage loan" business. For example, Bank of China has canceled such loan business in 2013. Therefore, owners should find a bank that has business in this area for a loan.
2. It is understood that there are two main ways to apply for a second mortgage loan for a house: a. Apply directly at the original loan office of your house, but at this time you must repay the loan, principal and interest in full and on time for a period of time, and the credit must be good; b. Find a guarantee company to advance the loan, then apply for a mortgage loan, and finally use the house to apply for a mortgage loan.
3. For a second mortgage loan, the loan amount is generally determined based on the residual value of the house. The calculation method is: house value × mortgage rate - principal balance of the original loan. Among them, the value of the house only needs to be based on the lower of the original purchase price of the house and the appraised price at the time of the second mortgage. In terms of mortgage rate, the maximum mortgage rate for owner-occupied houses cannot exceed 70%, while the maximum secondary loan rate for commercial houses cannot exceed 50%.
4. What needs to be noted is: If you do not have the ability to repay, do not easily take out a loan for this kind of house, otherwise it will greatly increase your burden.
Editor’s summary: The above has introduced to you the relevant content of whether you can still get a loan if you have a mortgage on your house. I hope it can give you some help. If you want to know more about house mortgage loans, you can continue to lock in our website, and the follow-up content will definitely be more exciting!