It is understood that mortgage refinancing means that the borrower has applied for a personal housing mortgage loan in the bank and changed the mortgage to obtain a loan again. You can get more loan balance without selling the mortgaged property, thus realizing the refinancing of the mortgaged property.
What's your situation? In Xiamen, it is called secondary mortgage of real estate, or secondary mortgage of real estate. You can refinance the loan, depending on the appraised price of your house. For example, if the appraised price of your house is 6,543,800+0,000, the local bank policy has a maximum mortgage loan of 700,000, and the previous loan is 300,000, then you can borrow another 400,000.
Basic requirements for Xiamen sub-mortgage housing:
1. 18 to 65-year-old China citizens with valid identity documents.
2. Have a proper occupation, a stable income, the ability to repay the principal and interest of the loan in full and on time, and a good credit record.
3. Agree to mortgage the property and its rights and interests in the name of an individual as a condition for loan issuance.
4. It has a legitimate financing purpose.
Information required for the mortgage of Xiamen mortgage house:
1, property certificate and other collateral ownership certificates.
2. ID card, household registration book and proof of marital status of the applicant and spouse.
3. Proof of income of the applicant and his spouse.