What needs to be understood is that if the house is not paid back and then you apply for a loan at the bank, the bank will look at the performance level of the owner according to your monthly payment and current income. Therefore, in this case, due to the repayment of the remaining mortgage, the loan amount that the owner can apply for will be affected to some extent.
Although it is not necessary to pay off the house payment before refinancing, it is still necessary to distinguish the following three situations: 1. If the house is expensive and the loan cost is high, you can ask for a mortgage, so you can borrow more when decorating; 2. It is also possible that the owner raises funds, looks for an advance payment enterprise or a guarantee enterprise, closes the loan first, and then uses the house as collateral to apply for a loan; ? 3. Assuming that the owner has strong repayment ability, he can apply for an unsecured decoration loan. Most of the above loans are applicable to those owners who still have a little mortgage left. Because there is no mortgage, of course, the interest rate will be higher, but there is no need to wait until the house is paid off before refinancing. The advantage is still great.
In addition, briefly explain the requirements of bank owners for small loans:
1.？ There is no bad credit record, and the purpose of the loan cannot be to buy a house or stock market; Once the bank owner's application conditions for microfinance are met, the microfinance business can be handled by providing personal documents and income certificates; ?
2. Have a stable job and a fixed source of income, and have the level of timely repayment and interest payment; ?
3.？ China citizens with full capacity for civil conduct who use real estate in China, have permanent residence certificates and have stable business posts.
Although there is no need to wait until the house is paid off before lending, I would like to remind the owners that the principal and interest of the mortgage will be more on a regular basis. Assuming more loans, the monthly repayment amount will be greater, and people will be under greater pressure. I hope everyone can correctly understand this problem. Don't think that you have no worries about using your family's money to get a loan. When lending, you should consider your performance level. If you don't have enough performance level, don't borrow any more.
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