When purchasing real estate, ordinary families are unable to pay the full amount at once. At this time, it is necessary to refer to the loan services offered by various banks or institutions, but considering the differences in actual situations , or regional terms and policies are different, so when applying for a loan project, you should also refer to the advice of professionals or information analysis similar to the following to formulate a reasonable plan, such as

1. House Second mortgage loan conditions

1. The borrower has no interest arrears, has stable income, and has good credit;

2. The borrower has the ability to repay the principal and interest of the loan on time, and has paid back the loan principal and interest on time. Repay principal and interest for more than two years.

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

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

5. The house has been insured, and the original insurance policy is in the custody of the bank;

6. The house used for the second mortgage loan should be for housing and commercial use with a large market development. House;

7. The house is in a superior location, with convenient transportation, complete supporting facilities, and a large;

II. Loan period

Second mortgage The term of the loan is determined based on the specific purpose of the loan. If used for personal consumption loans, the term shall not exceed 5 years; if used for personal business loans, the term shall not exceed 3 years, and the loan maturity date shall not exceed the maturity date of the first mortgage loan.

3. Loan Amount

The loan amount is calculated as loan amount = house value * mortgage rate - principal balance of the original loan. Among them, the value of the house is the lower of the original purchase price of the house and the appraised price at the time of the second mortgage. The mortgage rate for a second mortgage for owner-occupied property shall not exceed 70%, while the mortgage rate for a second mortgage for commercial property shall not exceed 50%.

IV. Loan interest rate

The loan interest rate of the second mortgage loan floats on the basis of the commercial loan interest rate of the same grade stipulated by the People's Bank of China. In addition, if the loan period is less than one year, if the legal interest rate is adjusted, the interest will be calculated based on the original contract interest rate; if the loan period is more than one year, if the legal interest rate is adjusted, the new interest rate will be implemented from January 1 of the following year. interest rate.

5. Loan Process

1. The borrower submits the relevant information of the second mortgage loan to the bank and submits a loan application.

2. The bank accepts the borrower's application and appoints a professional appraisal agency to evaluate the collateral.

3. The bank reviews the secondary mortgage information submitted by the borrower and handles relevant procedures.

4. If the bank's review is passed, the borrower can entrust the guarantee company to handle the advance and release procedures for the original loan.

5. After the original loan release procedures are completed, the borrower needs to go through the new mortgage registration procedures.

6. After the procedures are completed, the bank issues the loan and the borrower repays the loan.

The example we gave you above is about the process conditions and interest rate section of the second mortgage loan. From this, we can know that it is different from the first mortgage project. The second mortgage of the house is very important for you. The details of the requirements are quite demanding, and considering the differences in actual situations and the terms of local government banking institutions, we should also formulate a reasonable plan based on the actual situation. When necessary, we also need to analyze the risks and risks of later repayment of the house loan. Judgment based on the problem, I believe you can achieve satisfactory results.