1. What is the second mortgage of real estate?
Secondary mortgage refers to re-mortgage the mortgaged property and obtain funds from the bank. The characteristic of the secondary mortgage is that it is not necessary to pay off the previous loan, but to obtain the loan directly through the evaluation of the secondary mortgage, which will save time, advance the cost and many other intermediate links, and once again reflect the residual value of the property.
However, there are certain conditions for the second mortgage of real estate, and not all real estate can be mortgaged twice.
Second, what kind of house can be mortgaged twice?
The second mortgage of real estate must be a house with clear property rights and assessed residual value for mortgage, and the age of the house must not exceed 20 years. At the same time, other conditions stipulated by the bank must be provided, such as the borrower's ID card, residence certificate, marriage certificate, personal income certificate, one-time mortgage loan contract, etc., before the second mortgage can be carried out.
3. What is the interest rate of the second mortgage of real estate?
The interest rate of real estate secondary mortgage is generally synchronized with the interest rate of real estate mortgage loan, and fluctuates according to the current benchmark interest rate of the People's Bank of China and the actual situation. At present, the benchmark interest rate of real estate mortgage loan is floating. Because the second mortgage of real estate has certain risks, the interest rate fluctuates even more, about 60%.
4. How to calculate the second mortgage amount of real estate?
The limit is generally affected by the residual value of the property and the mortgage rate. Compare the value of the house with the original purchase price of the house and the evaluation price at the time of secondary mortgage, and take the lower of the two. The mortgage rate of secondary loans with housing mortgage shall not exceed 70%; The mortgage rate of secondary loans for commercial housing mortgage shall not exceed 50%.
The bank will determine the mortgage rate of the second mortgage of the house according to the actual situation. Therefore, the calculation method of real estate secondary mortgage amount is: real estate secondary mortgage amount = real estate value * mortgage rate-original loan principal balance.
Five, personal housing secondary mortgage housing conditions.
1. The houses used for secondary mortgage should be high-quality houses and commercial houses with great market development potential;
2. The house used for personal housing in the second mortgage must be an existing house;
3. The house is a first-hand house purchased with a mortgage loan from China Bank;
4. The mortgage registration of the house has been completed, and our bank is the mortgagee of the house;
5. The house has been insured, and the original policy is managed by China Bank;
6. The house has a superior location, convenient transportation, complete facilities and great profits.
(The above answers were published on 20 17- 12-06. Please refer to the actual situation for the current purchase policy. )
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