The mortgaged house can be used for the second loan. Because the mortgaged house belongs to you. Moreover, when you repay the loan, you have no record. Therefore, when you repay the house loan, you get the property right of the house, and you can make a second loan. In principle, there is no problem with such an operation, but there are some necessary conditions:

1. The property mortgaged in the bank belongs to me or the company;

2. It can be confirmed in the bank that it can be recycled, and the loan with the same amount can be issued again;

3. In the past year, the amount repaid to the bank should be normal and not overdue, and the credit status should be kept in good condition.

: Ways to handle housing two mortgage

① bank processing

If you look for a bank to handle it directly, you must do it at the original loan bank. Other banks can't handle houses in two mortgage. It should be noted that some banks stipulate that only houses that repay the loan principal and interest in full within a certain period of time can apply for two mortgage.

(2) to find a guarantee company.

The principle of finding a guarantee company to handle the second mortgage of a house is that the guarantee company will settle your remaining mortgage first, then cancel the mortgage registration, get back the real estate license from the bank, and finally handle the house mortgage loan with the real estate license. Strictly speaking, this method is not two mortgage, but more like prepayment before applying for a mortgage loan. When looking for a guarantee company, we must find a formal guarantee company to handle two mortgage, otherwise it will easily lead to double losses of houses and property.

References:

Fenghuang net finance