The business process of remortgage is as follows: find the receiving bank, fill in the remortgage application form and fill in the relevant information; After the approval of the bank, the loan will be fully repaid to the original bank and a new mortgage loan contract will be signed with the receiving bank; Go to the mortgage registration department for decompression and new mortgage procedures, and hand over the real estate license, mortgage cancellation procedures and mortgage procedures to the receiving bank for handling.

legal ground

Article 32 of the general principles of loans

The borrower shall repay the loan principal and interest in full and on time in accordance with the provisions of the loan contract.

The lender shall promptly issue a notice of overdue loan collection, and do a good job of overdue loan principal and interest collection.

Lenders charge interest on loans that cannot be repaid within the time limit stipulated in the loan contract; If the principal and interest cannot be repaid or executed, it shall be urged to repay or bring a lawsuit.

Article 53

The lender shall require the borrower who transfers the property right with compensation or applies for dissolution to pay off the loan debt before the property right transfer or dissolution.