The process of handling the second mortgage of the house:
With the consent of the bank, the buyer and the seller conduct real estate transactions and sign a purchase contract or letter of intent; ?
Apply for a loan from a bank and submit relevant materials; ?
After conducting a credit investigation and examination on the borrower, the bank shall inform the borrower of the examination results. If the bank agrees to the loan, it will sign a contract with the borrower and guarantor, and sign a supplementary contract for housing mortgage loan with the seller, and the seller will pay off the difference between the loan amount and the loan principal and interest owed by the seller;
The borrower entrusts the bank to handle the formalities of real estate transaction transfer, mortgage registration and real estate insurance with the seller; ?
After obtaining the land and house property right certificate, the bank will transfer the loan funds to the mortgage loan account and related accounts of the seller at the original loan outlets to repay the mortgage loan principal and interest owed by the seller, and then transfer the remaining funds to the account opened by the seller in the bank;
The borrower repays the loan on schedule.