Can I sell the house I bought with a loan?

Houses under loan repayment can be bought and sold, provided that a real estate certificate is obtained. Without a real estate certificate, transactions cannot be carried out. As for the specific trading methods, there are three commonly used ones.

1. Remortgage

Remortgage means selling or transferring your house to a third party, and the third party will reapply to the bank for a personal housing loan and change the loan. Loans that change the term, change the borrower, or change the collateral are the simplest and most straightforward ways to trade a house in a mortgage.

The specific process is:

1. The buyer and seller first sign the "House Sales Contract", and then the buyer, seller and lawyer sign the "Remortgage Transaction Security Guarantee Contract". The buyer then pays the seller 30 or the agreed down payment.

2. The seller applies for early repayment to the original lending bank (called A) and obtains a confirmation letter from Bank A. After the seller receives the bank’s opinion of agreeing to early repayment, the seller delivers it to the buyer. For a house, the buyer applies for a loan to Bank B with the "House Sales Contract" and submits relevant information, including the properties of the house and the lender's repayment ability and other relevant information approved by Bank B, and then the loan starts. The bank loan is directly transferred to the seller's account. After the seller uses the money to repay the loan from Bank A, he releases the property from the mortgage and delivers it to the buyer. He handles the transfer together with the buyer and his lawyer, and mortgages the property to the buyer's account. lending bank.

3. The seller ends the ownership of the house, and the buyer begins to have the right to use the house and begins to repay the loan. After the loan is repaid, the property is released and the property is owned.

Note: Different banks have different regulations for remortgage. Some banks can handle it, but some banks do not accept it. Remortgage is generally handled through an intermediary company. Therefore, if you want to solve the housing transaction problem in this way, you can consult the agency in advance.

2. Use the down payment to buy the house to pay off the remaining loan

Note that the premise of this method is that the seller does not have much remaining loan, or the buyer has enough funds to pay the down payment . For example, if the loan is 1 million, and there is still 400,000 left to pay off, if the buyer can pay the down payment of 400,000, then the buyer and seller can solve the transaction problem and easily release the property from the bank for a second mortgage. trade.

The specific process is:

1. The seller applies to the lending bank for early repayment. The buyer pays the seller’s remaining repayment amount as the down payment and signs a house sales contract. When signing the contract, certain The guarantee company must be present to testify.

2. The seller goes to the lending bank to handle early repayment, deposits sufficient money in the repayment account in advance, and goes to the lending bank to handle the settlement procedures.

3. The bank's post-loan management center will issue release materials and release the original owner's house. The seller will go to the real estate registration center where the house is located to release the mortgage. The seller has ownership of the house.

4. The buyer and seller continue to handle the remaining procedures of the house sale.

3. Use other collateral to mortgage the bank for a loan to pay off the remaining mortgage

If the buyer is unwilling to pay the down payment first to help the seller release the property, the buyer can also use his own Other mortgages, such as other houses and cars, are mortgaged to the bank to obtain a certain loan to repay the mortgage. This is a bit like demolishing one wall to pay for the other, but it is still a way. After paying off the mortgage, releasing the property, completing the transaction with the buyer, and receiving the payment from the buyer, the mortgage will be released, and the entire transaction process will be completed. Can a house bought with a loan be sold?

Many people buy a house with a loan. Before the loan is repaid, the house is in a mortgage state. So can a house bought with a loan be sold? How to sell a house bought with a loan? Next, the editor will introduce the relevant content to you, let’s take a look.

Can a house bought with a loan be sold?

A house bought with a loan requires the consent of the mortgagee before it can be sold.

Because the house bought with a loan is under mortgage, during the mortgage period, the mortgagor may not transfer the mortgaged property without the consent of the mortgagee, unless the transferee pays off the debt on his behalf to eliminate the mortgage right. The property title of a house that has not been paid off cannot be changed, and the buyer cannot transfer the property certificate. The transfer can only be done after the loan is repaid.

How to sell a house bought with a loan

1. Use the buyer’s down payment to pay off the remaining loan. Many second-hand housing transactions also use loans. This method is suitable for situations where the original homeowner’s loan amount is low or the remaining loan amount is not large. Under normal circumstances, buyers need to pay a down payment of 30 to 40 RMB. The seller can use the down payment to pay off the remaining loan and then cancel the mortgage registration, so that the transaction can proceed.

2. Remortgage and transfer the loan directly to the buyer. Remortgage means that when the borrower sells the mortgaged house, with the consent of the bank, the home buyer continues to repay the remaining loan. However, the procedures for remortgage are relatively complicated, and there are cases of peer remortgage and inter-bank remortgage. This method is subject to many restrictions in use, and currently there are very few banks that can do remortgage.

3. Take out another loan to pay off the remaining loan. If the above two methods are not feasible, the seller can consider using other assets in his name as collateral to borrow from a bank, or borrow from a guarantee company to repay the remaining loan. Wait for the buyer to pay the house payment before paying off the mortgage or borrowing from the guarantee company, but this will incur some fees or interest.

Article summary: The above is the relevant content introduced by the editor on whether it is possible to sell a house bought with a loan. I hope it can help some friends in need. Can a house with a loan be sold?

Nowadays, house prices are so expensive, and every inch of land is really valuable. Therefore, most owners will choose to take out a mortgage loan when buying a house, although they have to mortgage the house. , but this can effectively alleviate the pressure of down payment. So, can the house that is under loan be sold? How to handle loan transfer? Let’s take a brief look at it with the editor.

1. Can the house with a loan be sold?

If the house is under loan, the mortgagee is the bank. Without the permission of the bank, even if the owner of the house is the owner, then It cannot be resold or given to others. But if you want to sell the house with a loan, the owner has two solutions, as follows.

1. If the owner has enough funds, he can pay off all the loans in advance, and then go to the Housing Authority with the relevant loan repayment certificate to go through the mortgage release procedures. After completing the procedures, the ownership will be returned to the owner. You can buy and sell. If the owner does not have enough funds to pay off the remaining loan, he can negotiate amicably with the home buyer, allowing the home buyer to prepay part of the house payment, and then use this part of the money to pay the bank, and then proceed with the release and sale process.

2. The buyer and seller go to the bank with valid identity documents to apply for loan transfer, and then transfer the remaining loan to the home buyer. At present, this service is not widely used, so before selling a house, it is best for owners to consult with the lending bank.

2. How to handle loan transfer

It is feasible to choose to transfer the loan and sell the house under loan, but because this policy has not been implemented nationwide, Currently, only a few banks can do this, and the entire process is subject to very strict review. Therefore, it is recommended that owners consult the relevant loan companies in advance. If feasible, the buyer and seller can then go to the lending bank with valid identity documents to apply for loan transfer and fill in the relevant application forms.

Editor’s summary: The house under loan can also be sold, but it must be approved by the bank, or all the loans must be paid off in advance. The owner can choose according to his actual situation. This concludes the above introduction on whether a house with a loan can be sold and how to transfer the loan. I hope it will be helpful to you. If you want to know more related information, please pay attention to Qijia.com. Can a house bought with a loan be sold?

Can a house bought with a loan be sold?

Banks usually stipulate that if the loan is less than one year old, liquidated damages must be paid. If the loan is more than one year old, there is generally no need to pay it. If the mortgage payment has not been paid off, the buyer can make a down payment to make up for the difference.

Then go to the bank to pay off, and then you can sign the sales contract. After getting the remaining money, go through the mortgage release procedures, and then go through the transfer and you can trade normally.

You can get a real estate certificate for a house bought with a loan:

Whether it is an existing house or an off-plan house, or any payment method, you can obtain a real estate certificate. When using a bank mortgage In the case of loans, some banks compulsorily add people to the housing mortgage loan contract.

The agreement requires the developer to assist in collecting the real estate certificate. In this case, the developer or agency can only be entrusted to collect and pay the deed tax, public maintenance fund, stamp duty, etc. Taxes apply.