2. According to relevant regulations, the age of second-hand houses cannot exceed 12 years, and the sum of the service life of second-hand houses and the loan life cannot exceed 30 years. If the applicant's second-hand house is older, it is also impossible to apply for a second-hand mortgage.
3. If the appraisal of the second-hand house under the applicant's name is low and cannot meet the demand for loan amount, the bank will not approve it. After all, banks are profit-making institutions and need to rely on loans to make money. If the lender is unable to repay the loan, the bank can auction the house to recover the loan. If the value of the house itself is not high, then the bank will not do business at a loss.
4. There is another situation. If the applicant's second-hand house is affordable and the purchase time is less than 5 years, the bank will generally not approve the second-hand mortgage.
5. In the last case, it is impossible to apply for a second-hand mortgage, that is, the second-hand houses under the applicant's name are special second-hand houses such as military houses and small property houses. This kind of house is not allowed to be listed and traded, and it is certainly impossible to apply for a bank mortgage.
Legal basis: Interim Measures for the Management of Fixed Assets Loans Article 22 Before granting loans, the lender shall confirm that the borrower meets the withdrawal conditions agreed in this contract, manage and control the payment of loan funds in the manner agreed in this contract, and supervise the use of loan funds in accordance with the agreed purposes.