Second-hand housing transaction is the most common and convenient way. Applicable to the case that the original owner's loan amount is low or the remaining loan amount is not large. Usually, the buyer will recognize the down payment of 30% to 40% of the total turnover of the property, and the seller can pay off the remaining loan with the down payment of the buyer, and then cancel the mortgage registration of the property and make the next transaction.

Note: Buyers and sellers need to know whether the bank has the requirement of prepayment. Some banks have restrictions on repaying loans in advance. If the seller does not meet the conditions of early repayment or has to pay liquidated damages for early repayment, it is still difficult to cancel the mortgage. If the buyer's down payment is less than the outstanding loan amount, the seller can also negotiate with the buyer to increase the down payment and reduce the price appropriately.

2. Mortgage (transfer the loan to the buyer)

Mortgage means that the borrower sells the house as collateral, and the buyer of the house continues to repay the unexpired loan of the seller with the consent of the loan bank. In other words, if you want to borrow money to sell a house, you need to transfer the mortgage of the house to the buyer, so that the buyer can continue to repay the seller's mortgage loan. The procedure of refinancing is quite complicated, including interbank refinancing and interbank refinancing. There are many restrictions on the use of this method, and few banks can refinance at present.

3. Borrow again to pay off the remaining loan.

Assuming that the above two methods are not feasible, the seller can consider using the collateral (such as other real estate) in his name to apply for mortgage loan from the bank or fund supervision institution to settle the mortgage loan. The buyer pays off the bank mortgage loan after paying the full amount, but it needs interest or handling fee.

Summary: The seller should pay attention to that if the buyer does not agree to help the seller redeem the building (down payment), then the seller must grasp the time of repaying the loan in advance and releasing the mortgage, so as to avoid delaying the time of redeeming the building and causing breach of contract.