After paying off the bank loan for buying a house for several years, the money can no longer be lent out. However, if there is a demand for funds, you can obtain the consent of the loan bank and apply for mortgage refinancing business to realize refinancing.

Refinancing process of mortgage house:

Customers provide information, fill in loan application forms and submit applications to lending institutions;

The evaluation agency evaluates the real estate and gives the evaluation value;

The bank judges the lender's repayment ability/credit/current market value of the house by reviewing the data. , and decide whether the lender can operate the loan;

After the lender passes the loan review, it will contact the fund-raising institution or individual to redeem the building and cancel the mortgage;

Re-apply for mortgage registration after the mortgage is released;

The lender transfers money and the lender resumes repayment.