2. Overdue collection: private lending institutions are more suitable for application, but the enterprises in the market are mixed, which will inevitably involve some informal service platforms. Once overdue, there is probably no room for negotiation, and even the borrower will face home collection, which will undoubtedly increase the psychological pressure of friends.
3. High interest rate of bank loans: Many private lending institutions that can provide people with secondary mortgages have high operating costs and profits, so the cost of mortgage loans is quite high, and borrowers can easily fall into the traps set by some lending institutions, such as financial fraud and usury.
4. Threshold restrictions: Some banks only allow existing houses with real estate licenses, and some banks can accept pre-sale houses of intra-bank cooperative mortgage loans as collateral, but the loan amount will be limited after the house comes out.
What do you need to know about the second mortgage? I. Loan policy
1. The borrower has no personal behavior of overdue loans, stable work and good credit information.
2. The borrower has the ability to repay the loan interest on time and has repaid the interest on time for more than one year.
For my own house, the second mortgage house must be an existing house.
4. The house notice has been registered, and the bank applying for registration is the pledgee of the house.
The house has been insured, and the original policy is managed by the bank.
6. The houses to be used for the second mortgage should be high-quality houses and commercial houses with great development prospects in the sales market.
7. The house has an excellent location, superior geographical location, complete supporting facilities and great value-added development potential.
Second, the loan term.
The term of two mortgages should be determined according to the actual main purpose of the loan. The term of personal consumption loan shall not exceed 5 years, the term of personal business loan shall not exceed 3 years, and the maturity date of the loan shall not exceed the maturity date of the first mortgage loan.
Third, the loan amount.
The calculation method of loan amount is loan amount = house use value * pledge rate-original loan principal balance. Among them, the housing quality is to compare the original purchase price of the house with the transaction price after the second mortgage, taking the lower of the two as the standard. The maximum pledge rate of secondary mortgage of self-occupied real estate shall not exceed 70%, and the maximum pledge rate of secondary loan of commercial housing shall not exceed 50%.
Fourth, the bank loan interest rate.
The bank loan interest rate of secondary mortgage shall fluctuate under the premise that the commercial loan interest rate stipulated by the People's Bank of China is the same. In addition, if the loan term is less than one year and the legal interest rate is adjusted, the interest will be calculated according to the annual interest rate agreed in the original contract; If the loan term is more than one year, if the legal interest rate is adjusted, the new interest rate will be gradually implemented in June 65438+ 10/in the second year.
Verb (abbreviation for verb) loan procedure
1. The borrower submits the mortgage information twice to the bank to apply for a loan.
2. After hearing the borrower's application, the bank will have a specific professional rating agency to evaluate the pledge.
3. The bank shall examine and approve the secondary mortgage materials submitted by the borrower and go through the formalities.
4. If approved by the bank, the borrower may authorize a financing guarantee company to apply for early repayment of the original loan.
5. After the original loan issuance procedures are completed, the borrower needs to apply for a new mortgage registration.
6. After the formalities are completed, the bank lends money and the borrower repays the loan.