Second-hand house mortgage loan means that the buyer uses the real estate traded in the secondary real estate market as collateral and applies for a loan from the bank to purchase houses, parking spaces, large-amount durable consumer goods, cars and home decoration, etc. According to various needs, the home buyer repays the principal and interest to the bank in installments. (csai.c) The maximum term of a second-hand house loan is no more than 30 years; the loan amount is 70% of the appraised value of the house; the loan interest rate is based on the loan interest rate for the same period and grade stipulated by the People's Bank of China, and the base annual interest rate is 5.94. House mortgage loan conditions: The age of the house is within 20 years; the area of ??the house has different requirements from bank to bank; the house must have strong liquidity; generally, commercial houses, apartments, shops, and office buildings are required. Applicants for loan quotas can only go through the mortgage registration procedure once to achieve the maximum mortgage loan. After obtaining the maximum loan amount, the loan can be withdrawn in several installments as needed. The interest calculation time is based on the actual time of each payment. This can save a lot of unnecessary interest costs. The application conditions for loan objects are natural persons with full civil capacity, generally between 18 and 65 years old (60 years old for some banks). In addition, overseas and foreign citizens with the right of residence in mainland China can also apply. The borrower must meet the following conditions when applying for a loan: (1) Have a legal and valid residence status; (2) Have a stable economic income, good credit, and the ability to repay the principal and interest of the loan on time; (3) The property rights of the purchased house are clear , meets the conditions for entering the secondary real estate market as stipulated by laws and regulations; (4) has a contract or agreement to purchase a house; (5) agrees to use the purchased house and its equity as collateral; (6) when applying for a loan , have self-owned funds of not less than 30% of the purchase price; Procedure 1. Borrower pre-loan consultation: fill in the housing mortgage application form and submit the documents or materials required by the lending bank. 2. The bank reviews the borrower’s loan application, house purchase contract, agreement and related materials. 3. The borrower shall hand over the property ownership certificate and insurance policy or securities of the mortgaged property to the bank for collection. 4. The guarantors of both the borrower and the borrower sign a housing mortgage loan contract and have it notarized. 5. After the loan contract is signed and notarized, the bank transfers the borrower's deposits and loans to the house selling unit or building unit specified in the house purchase contract or agreement.