1, through bank loans. Usually, it needs to be repaid in advance, and after paying off the remaining loan of the property, it will be mortgaged again in other banks. However, in some banks, mortgaged houses can be directly refinanced. Banks have different requirements for the second loan of mortgage houses. It is recommended that you consult your local bank outlets in detail.

2. Loans through guarantee companies. There is no need to prepay, but the loan amount generally cannot exceed the residual value of the mortgaged property.

It should be noted that not all properties can be mortgaged twice. The second mortgage of real estate is usually restricted by certain conditions. The conditions are: the house used for personal housing in the second mortgage must be an existing house, and the house should be a high-quality house or commercial house with great market development potential. If the property has no high economic value, it is usually impossible to apply for a loan smoothly. In other words, usually only houses with superior location, convenient transportation, complete facilities and great appreciation potential can apply for a second mortgage.

In addition, the amount of the second mortgage property will not be very high. Generally speaking, loan amount = house value * mortgage rate-principal balance of original loan.

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