Processing of second mortgage loan for house

First of all, you need to submit a second mortgage loan application to the lending bank. Only after the bank agrees can you proceed with the second mortgage procedure. After the application is approved, you need to submit Submit the information required for the loan to the bank, and the bank will review your information and notify you of the results after the review.

1. After passing the review, you need to sign a second mortgage loan contract with the bank and go through the notarization procedures of the loan contract. After the procedures are completed, the bank will issue the loan to you on the specified date.

2. After the bank agrees, the lending institution will learn about your personal information to see if you meet the conditions for a second mortgage loan and understand the basic information about the house.

3. The lending institution will conduct an on-site inspection of the house to check the location, facilities, environment, area and other factors of the house to see whether the house has the value of a second mortgage. After the inspection is completed, the lending institution will discuss with you the second mortgage plan for the property and specifically determine the loan amount, term, interest rate, and service fee for the second mortgage of the property.

Second mortgage loan conditions for houses

Required conditions for second mortgage loans: The houses used for second mortgage loans should be high-quality housing and commercial buildings with great market development potential. house.

1. The house used for the second mortgage loan of a personal house must be an existing house;

2. The house is a first-hand house purchased with a mortgage loan from the Bank of China;

< p>3. The house mortgage registration has been completed, and our bank is the mortgagee of the house;

4. The house has been insured, and the original insurance policy is in the custody of Bank of China;

< p>5. The house is in a superior location, with convenient transportation and complete supporting facilities, and has great potential for appreciation.