The borrower applied for a housing mortgage loan in our bank and has repaid the loan for some time. If the property has surplus value, he can apply for a second mortgage in this bank, and the mortgage rate can reach up to 90%.

Secondary mortgage refers to re-mortgaging the mortgaged property and obtaining loans from specific lenders. 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.