What does a second mortgage mean?
The second mortgage of personal housing refers to the personal housing mortgage that has obtained commercial loans (first-hand and second-hand houses) from banks or has been approved by banks? No transactions to be mortgaged? The borrower of the loan still takes the mortgaged property of the personal housing mortgage loan as collateral, and when the mortgaged value of the property is greater than the difference of the original loan balance, he applies to the bank for a loan for personal consumption or operation.
The materials required for the application are:
1, loan application form;
2. Proof of identity, marriage and repayment ability;
3. Original and photocopy of the house sales contract (pre-sale contract);
4. The "Real Estate Appraisal Report" issued by the housing appraisal institution recognized by the bank;
5. Original documents such as loan contract and mortgage contract signed by the borrower and the bank;
6. The original real estate mortgage loan repayment list and the latest three repayment orders;
7, provide some proof of the purpose of the loan;
8. Proof of real estate rights of mortgaged property, and proof that the person who has the right to dispose of the property agrees to mortgage;
9. Other supporting documents or materials required by the lender.
What are the procedures for the second loan of mortgage house?
Mortgage loan can be divided into short-term secondary mortgage and bank secondary mortgage. If you only need money urgently in the short term and want to use the mortgaged house as a loan, you can divide it into two situations:
1. There is a house book, and the process is: mortgage registration-loan notarization-lending. You can lend money on the same day. This is a loan from a guarantee company, which repays the principal on a monthly basis and is generally suitable for customers who need money urgently in the short term.
2, the house can only take the guarantee company, the short-term loan is one year, and the procedures are incomplete, and the bank's second loan can't be done.
Among them, the matters that should be paid attention to are:
1. If you have a house and want a long-term loan, you can mortgage the house of the bank twice, find a new bank to apply for a loan, and then release it from the original bank after the loan is approved, so as to ensure that the second loan can be released. Bank loans only charge loan service fees. For normal commercial housing, 1% of the loan amount is charged as the service fee of the staff, which will be charged after the bank approves the loan.
2. When you meet a house that wants a long-term loan but needs money urgently, you can pledge the loan to the company on the same day, and then immediately operate the bank loan. Normal bank loans take about a month to lend, and after lending, the bank repays on a monthly basis, which not only solves the problem of urgent need of money, but also solves the problem of high monthly supply pressure of long-term loans.
The above is what I mainly tell you about the significance of two mortgage and all the procedures in two mortgage. It can be said that many of us spend almost all our savings on buying a house. If many people want to borrow money to do other things, only the house can be mortgaged again. You can refer to this article at this time.