Can I still get a loan if I have a mortgage?

Some mortgage loan users can continue to apply for loans, but it is recommended that users apply for bank loans first, because banks have a high degree of recognition for mortgage customers.

Of course, after the loan application is submitted, whether it can pass the review will be subject to the review results given by banks and financial institutions. And if you already have a mortgage, applying for another loan will increase the risk of overdue loans. Please carefully consider whether you need to apply for a loan in the future.

Mortgage, also called house mortgage. Mortgage refers to the housing mortgage loan application submitted by the buyer to the bank, as well as legal documents such as ID card, income certificate, house sales contract, and letter of guarantee. , must be submitted. The bank promises to issue a loan to the buyer after passing the review, and handles the notarization of real estate mortgage registration based on the house sales contract provided by the buyer and the mortgage loan contract entered into between the bank and the buyer. The bank will transfer the loan funds directly to the seller's bank account within the period specified in the contract.

On November 24, 2013, the latest survey data showed that based on sample data from October 11 to November 11, 17 of 32 cities had suspended housing loans.

Basic introduction:

The participants in mortgage loans include commercial banks that provide credit funds, home buyers who ultimately purchase the property, and property owners (including developers/second-hand housing owners), Appraisal companies and mortgage guarantee companies also need to be involved when applying for a loan.

Statistics released by Beijing Wancai United Investment Management Co., Ltd., a real estate guarantee company, show that at the end of 2010, the mortgage loan utilization rate had reached a high level in major first-tier cities in China. In terms of home purchase mortgage loans, the loan ratio has reached more than 70%. And in recent years, more and more residents have used their own or relatives' properties to apply for mortgage loans to revitalize their properties. "Mortgage" has become a way of life closely related to residents' lives.

Housing Loans

Personal housing loans refer to loans issued by banks to borrowers for the purchase of ordinary houses for self-use. Borrowers must provide security when applying for a personal home loan. Personal housing loans mainly include entrusted loans, self-employed loans and portfolio loans. Entrusted loans

Personal housing entrusted loans refer to loans that banks, entrusted by the housing provident fund management department, use housing provident fund deposits as the source of funds to provide loans to individuals purchasing ordinary housing. Also known as provident fund loan.

Self-operated loans

Self-employed housing loans are loans issued by bank credit funds to individual buyers. It is also called a commercial personal housing loan, and the loan names of each bank are different. China Construction Bank calls it personal housing loan, and Industrial and Commercial Bank of China and Agricultural Bank of China call it personal housing guaranteed loan.

Can I get a mortgage loan?

Nowadays, housing prices are soaring, and many salaried workers are unable to buy a house in full, so they choose mortgage loans. So, what should you do if you encounter financial problems after applying for a loan to buy a house? Can I get a home loan? I believe this is something many families are confused about. Let’s take a look at the relevant information right away and hope it will be helpful to you.

Can I get a mortgage on a house?

The house being loaned can be borrowed. With the further relaxation of bank loan policies, many banks, such as CITIC, China Construction Bank, Agricultural Bank of China, etc. The "mortgage loan" method introduced is gradually gaining popularity, and the amount can be as high as 90% of the assessed value of the property.

Applicants only need to submit a "comprehensive credit" application to the bank in the form of a "high mortgage" for the property under their name, wait for the approval, and apply without exceeding the credit validity period and available limit. People can recycle the loan funds multiple times for personal and home decoration, study abroad, travel, car purchase and other consumer needs, with a maximum term of up to 30 years.

Whether you are buying a residential house, commercial house, mortgage, full payment, second-hand house, existing house, off-plan house, etc., you can apply for a "housing mortgage loan" to the bank. It doesn't matter if the original mortgage loan has not been settled. The bank will remove the balance of the mortgage loan from the credit limit, and the remaining part can be used as a customer loan.

Things to note when applying for a mortgage loan

1. Loan company

When taking a mortgage loan, you should pay attention to the loan company. Many private loan companies use the guise of loans to get loans. Something else. If it is a formal company, it will not encounter such problems, so you cannot trust it when handling it.

2. Repayment status

Pay special attention to the real-time query of the repayment status of the second loan. If the first loan has been paid off, and the money from the mortgage loan and the money you repay There is almost no need to bother.

Conclusion of the article: Home loans are available, but not all lending institutions support mortgage loans. They will be evaluated based on the applicant’s comprehensive credit. For example, if the applicant does not have a better credit Lending institutions will not lend based on your repayment ability.

Can I get a home loan?

If you have a housing loan, you can get a loan, but whether you can successfully disburse the loan depends on the bank's comprehensive credit assessment of the lender. Under normal circumstances, a mortgage will increase the borrower's debt ratio. If the personal financial conditions are not favorable enough, the loan may fail.

However, having a housing loan means that the borrower has fixed assets and is able to repay the debt even if the loan is overdue. The bank can ask the lender to auction the property and use the proceeds to offset the debt.

In short, having a home loan has advantages and disadvantages when applying for a loan. Whether you can get a loan depends on the bank's review results.

I have a mortgage, can I still get a loan?

I can still get a loan even if the mortgage has not been paid off.

When applying for a loan at a bank, the bank mainly looks at the applicant's current repayment ability and credit record. If the applicant has a good credit record and has sufficient repayment ability, he or she can apply for a loan from the bank. If the mortgage is not paid off, you can get a loan. Whether the personal mortgage loan is paid off or not has no impact on the personal loan application.

What you need to understand is that because your personal mortgage loan has not been paid off, if you apply for a loan at the bank, the bank will determine your repayment ability based on your current income and monthly mortgage payment. So in this way, because there is still a mortgage to repay, the loan amount that an individual can apply for will also have a certain impact.

If you want to buy a house through a loan, you must not do these things.

1. Credit card payments are overdue three times in a row (or a total of six times within two years).

2. The monthly mortgage payment is overdue or non-repayable for 2 to 3 months.

3. The monthly car loan payment is overdue or non-repayable for 2 to 3 months.

4. If the loan interest rate increases, the monthly payment will still be paid at the original amount, resulting in overdue interest.

5. Sleep credit card will incur annual fees if not used after activation. Failure to pay will result in a negative credit record.

6. Credit card overdrafts and mortgage loans are not paid back on time.

7. When providing guarantee to a third party, the third party failed to repay the loan on time.

8. Debt arrears and other financial issues will also affect your credit record.

9. Failure to pay water, electricity and gas bills on time.

10. Personal credit cards are cashed out.

11. Student loan arrears and non-repayment.

12. Mobile phone deductions are linked to bank card deductions. Relevant procedures were not completed after the mobile phone was deactivated, resulting in overdue payment due to monthly rent arrears.

13. Credit card arrears records are generated when someone else uses the identity card or a copy of the identity card fraudulently.

It can be seen that many of the above things are easily ignored by us in our daily life. Once we accidentally have a bad credit record, it will be a particularly troublesome thing for us to get a loan to buy a house.

A few things you must not do when taking out a loan to buy a house

This concludes the introduction on how many years you can borrow a house loan and how many years you can borrow a house loan. Did you find the information you needed?