Supplementary mortgage loan refers to a mortgage loan in which the buyer borrows money from others or raises funds through other means to purchase the house in full, and then applies for supplementary loan from the bank with the real estate license as collateral to repay the debts owed when purchasing the house in full or for other purposes. The application for supplementary mortgage must be made within 6 months (within 3 years in some areas) from the date of issuance of the purchased real estate license. The time limit for mortgage repayment is short, and some cities have suspended the "mortgage repayment" business.
According to the current loan policy, the mortgage will be paid off in 30 years, and the loan interest rate will drop 15%. After the mortgage consumer loan is banned from buying a house, making up the mortgage has become the only way for the "poor money" buyers, which is why most buyers have a high voice for making up the mortgage at the end of the year.
For consumers who buy a house, especially those who just need to buy a house, there is a large bargaining space at the end of the year. And the closer to the end of the year, some owners are more eager to sell their houses and cash out. If the customer buys in full, the owner can generally accept the price of tens of thousands of yuan. Facing the full discount, mortgage repayment is a very cost-effective way to buy a house. First, borrow money from relatives and friends or raise funds through other means, and buy a house in full at the end of the year. After the real estate license is issued, apply to the bank for mortgage repayment and return the house purchase loan.