Taking Hangzhou as an example, many banks in Hangzhou have launched the "second mortgage" business, but they cannot illegally flow into the property market. A bank staff revealed that the mortgage and the second mortgage do not need to be in the same bank, and can be handled across banks.

"Secondary mortgage" is to mortgage the house that has not paid off the mortgage loan again. Generally, the amount that can be loaned is the appraised price of the house multiplied by a discount, and then the remaining unpaid mortgage amount is deducted. The discount is basically 30% off the house and 50% off the business.

The bank staff said that the bank has been strictly controlling the mortgage business, and his personal branch has never done real estate mortgage business, but even if he applied for a mortgage in other banks, if the owner applies for a second mortgage, he will accept it as long as he meets the conditions. If banks are also liberalized, then basically many banks will do this business.

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A financial person said that although this kind of business has certain risks, it is basically controllable. If the debtor can't repay the loan, it is basically guaranteed that after the house is auctioned by the judicial authorities, the mortgage of Bank A will be repaid first, and then the two mortgages of Bank B will be repaid.

According to industry insiders, the "second mortgage" business itself is compliant. The main problem is that if the "second mortgage" funds flow to the property market, it is a disguised form of leverage, which is illegal and prohibited by supervision.

Phoenix. Com- the house loan has not been paid off, but it can be mortgaged twice. A number of banks in Hangzhou launched "second mortgage" business.