Can a mortgaged house be mortgaged and refinanced?
The house with outstanding mortgage can be used for mortgage loan, which is a secondary mortgage of real estate and needs to be applied. Whether the application can be passed depends on the personal situation (related to the borrower's age, repayment ability and salary level, etc.). ); The house used for personal housing in the secondary mortgage must be an existing house.
What is the two mortgage process?
1, through the bank.
First, you need to submit two mortgage applications to the loan bank. You can only go through the secondary mortgage formalities after the bank agrees. After the application is approved, you need to submit the information needed for the loan to the bank, and the bank will review your information and tell you the result after the review. After approval, it is necessary to sign a second mortgage contract with the bank and go through the notarization procedures of the loan contract. After the formalities are completed, the bank will lend you money on the specified date.
2, through private lending institutions.
With the consent of the bank, the lending institution will know your personal information, see if you meet the requirements of the second mortgage, and know the basic information of the house. Lending institutions will conduct on-the-spot inspections of houses to check their location, facilities, environment and area, and see if they have the value of secondary mortgage. After the inspection, the lending institution will discuss with you the second mortgage scheme of the real estate, and specifically determine the loan amount, term, interest rate and service fee of the second mortgage of the real estate.
Summary: The related content about whether the mortgaged house can be mortgaged and refinanced ends here. This also needs to be combined with personal circumstances, and at the same time, it must be clear that the house to be moved in must be an existing house.