Generally speaking, there are still outstanding loans in the sale of second-hand houses, and buyers and sellers can go through the formalities of remortgage when dealing with second-hand houses. Re-mortgage refers to the owner's intention to sell or transfer the house to a third person in order to apply for changes in the loan.
However, the limitation of this method is that few banks accept this kind of business, and most banks have not opened this kind of business. The householder can consult the relevant loan bank for specific information.
Notes on Re-mortgage
Mortgaged houses need clear property rights, and there are no repeated mortgages and rentals. Mortgaged customers have reached an agreement on the sale of houses and signed a sales contract. The original borrower has a good credit status and the loan is not overdue or in arrears. The original borrower has obtained the property right certificate, and the new borrower has good credit standing, meets the loan conditions and can provide relevant application materials.
Due to the different credit standing, loan willingness, monthly payment ability and purchase fund arrangement of buyers, buyers can apply for different loan terms, loan amounts and repayment methods according to their own needs while refinancing. In practice, the way of refinancing is that the seller repays the loan in advance, so the buyer's loan can be inconsistent with the seller's outstanding loan.
Refer to the above content: Baidu Encyclopedia-Mortgage