Yes. A second home loan refers to a second mortgage loan on a house with a loan. You can also get a loan for a mortgaged house. A mortgaged house without a principal can be mortgaged for a second loan against the house purchase contract. A mortgaged house with a principal can be borrowed for a short-term second mortgage. You can also get a second mortgage loan from the bank. The mortgage can be released after the bank approves the loan. No risk. Customers who are in a hurry can advance funds and then get a loan from the bank on the same day.

1. There are prerequisite requirements:

1. The real estate certificate has been obtained.

2. The property has a residual value after deducting the previous mortgage loan amount. If the amount of the mortgage loan previously processed is much smaller than the value of the property, for example, the property value is 1 million, and only 100,000 is mortgaged, then there is still a residual value of 900,000.

3. The second mortgage can only use the residual value as the collateral value. Generally, bank loans will be discounted, such as a 40% discount. The only mortgage loan is 90 multiplied by 0.6, which is 540,000.

4. If you want to make a second mortgage, it is better to make an additional mortgage with the same bank.

2. Materials required for mortgage loan: 1. Loan application (in duplicate); 2. Original and copy of ID card (one copy), original and copy of household registration book (one copy) , Married persons should provide proof of marriage and a copy of their spouse’s ID card (one copy each); 3. Credit materials proving the borrower’s repayment source and ability, such as salary certificates, tax receipts, bank passbooks (single ), securities, investment certificates, and proof of ownership of other property; 4. Or the original and copy of the letter of intent (one copy each); 5. Evaluation report of the real estate;

6. Provide other offsets ( If a pledge is used as a staged guarantee, a list of mortgages or pledged properties, ownership certification documents, and a written statement from the person with the right to dispose of the property, including the spouse, agreeing to the mortgage or pledge.

Extended information:

The first and second mortgages are balance mortgages. According to the provisions of the Property Law, as long as there is a balance in the value of the property after the first mortgage, a second mortgage can be made. Mortgage can also be made three times. At present, the common forms of balance mortgage in China are generally Wusetu mortgage, pawn mortgage or professional loan company mortgage.

2. Documents required for applying for a second mortgage loan

Mainly based on the specific requirements of the construction committee of each region, usually only the applicant’s real estate certificate (real estate title certificate or house ownership certificate, land Use rights certificate or house purchase contract and invoice), identity documents (resident ID card, military officer ID card, etc.). Depending on the time of payment and the processing time of other rights certificates in each district or county, under normal circumstances, the loan can be released on the same day that the other rights certificates are received.

3. Second mortgage property requirements

Each bank has different regulations on mortgage properties. There will be corresponding requirements for the year of construction of the property and the area where it is located. For example, for 95 years Previous properties, or properties in some outer suburban counties, had more restrictions and lower loan-to-value ratios.

However, there are no restrictions on the age or location of the property. Almost any property that can be registered as a mortgage can be reasonably evaluated based on the price of similar properties for sale in the market at that time, so that the lender can obtain Higher loan ratio than banks.