Some houses are being mortgaged, but due to lack of funds, they want to use the mortgaged property as collateral for a second mortgage. This is called a second mortgage. So how should I get a second mortgage loan for my house? What are the requirements for a second mortgage? 1. After the owner applies for a second mortgage loan, the bank will assign a special person to evaluate the value of the property, mainly to evaluate its appreciation potential, and then give a reference value based on the evaluation results. 2. When applying for a second mortgage loan, the owner needs to provide personal identity certificate, real estate certificate, income certificate and other supporting materials required by the bank. 3. The borrower needs to bring all the information to the bank for an interview and sign the second mortgage loan application form. 4. The bank will review the property and calculate the loan amount based on the specific situation of the property and the borrower's personal information. 5. After passing the review, the borrower needs to go to the bank in person to register the mortgage and wait for the loan. u=4138492308, 4241209713amp; fm=26amp; gp=0.jpg What are the requirements for a second mortgage loan for a house? 1. Houses generally need to have relatively good room for value preservation and appreciation. 2. The house that can apply for a second mortgage loan must be an existing house, not an off-plan house. 3. The credit of the borrower for the second loan must be good, and the existing mortgage loan must have no serious overdue records. 4. Second loan borrowers must have stable income. 5. Other conditions specified by the bank. Things to note when taking out a second mortgage on a house: 1. Loan amount. The loan limit for a second real estate mortgage loan is stipulated as follows: (1) Loan limit = house value * mortgage rate - principal balance of the original loan; (2) The house value is calculated based on the original purchase price of the house and the appraised price at the time of the second mortgage. Compare and choose the lower of the two. The maximum mortgage rate of a second loan mortgaged by a residential property shall not exceed 70%; the maximum mortgage rate of a second loan mortgaged by a commercial building shall not exceed 50%. 2. The procedures and documents required for the second mortgage and the first mortgage are basically the same. The legal effects after registration vary depending on the order in which mortgage rights are realized. 3. Although the "Urban Real Estate Low-pressure Management Measures" stipulates that the second mortgage does not require the consent of the first mortgagee, but the second mortgagee must be informed. However, in the actual mortgage process, if the first mortgage contract requires the consent of the first mortgagee, it must be abided by as stipulated in the contract. At the same time, the second mortgagee must be informed of the mortgage loan that has been carried out. Otherwise, the mortgagee has the right to require the mortgagor to stop its loan behavior in accordance with relevant regulations. 4. The right value of the second mortgage loan shall not exceed the balance of the value of the house after the first mortgage guarantee. This is to avoid administrative litigation from the registration department if the mortgagor is unable to pay off its debts.