How to apply for a second mortgage loan for a house in Xiamen? What are the requirements?
1. The conditions for a second real estate mortgage loan are:
1. The borrower has no interest arrears, stable income, and good credit;
2. The borrower has the ability to repay the principal and interest of the loan on time and has repaid the principal and interest on time for more than two years.
3. The house used for the second mortgage loan of a personal house must be an existing house;
4. The house mortgage registration has been completed, and the bank is the mortgagee of the house;
5. The house has been insured, and the original insurance policy is in the custody of the bank;
6. The house used for the second mortgage loan should be a high-quality house with great market development potential. Commercial housing;
7. The house is in a superior location, with convenient transportation, complete supporting facilities, and large profits;
2. Loan period
The term of the second mortgage depends on the specific purpose of the loan. If used for personal consumption loans, the maximum term shall not exceed 5 years; if used for personal business loans, the maximum term shall not exceed 3 years, and the loan maturity date shall not exceed the maturity date of the first mortgage loan.
3. Loan Amount
The loan amount is calculated as loan amount = house value mortgage rate - principal balance of the original loan. Among them, the value of the house is the lower of the original purchase price of the house and the appraised price at the time of the second mortgage. The mortgage rate for a second mortgage for an owner-occupied property shall not exceed 70%, while the mortgage rate for a second mortgage for a commercial property shall not exceed 50%.
IV. Loan interest rate
The loan interest rate of the second mortgage loan floats on the basis of the commercial loan interest rate of the same grade stipulated by the People's Bank of China. In addition, if the loan period is less than one year, if the legal interest rate is adjusted, the interest will be calculated based on the original contract interest rate; if the loan period is more than one year, if the legal interest rate is adjusted, the new interest rate will be implemented from January 1 of the following year. interest rate.
5. Loan Process
1. The borrower submits the relevant information of the second mortgage loan to the bank and submits a loan application.
2. The bank accepts the borrower's application and appoints a professional appraisal agency to evaluate the collateral.
3. The bank reviews the secondary mortgage information submitted by the borrower and handles relevant procedures.
4. If the bank's review is passed, the borrower can entrust the guarantee company to handle the advance and release procedures for the original loan.
5. After the original loan release procedures are completed, the borrower needs to go through the new mortgage registration procedures.
6. After the procedures are completed, the bank issues the loan and the borrower repays the loan.
Who knows what are the conditions for a second mortgage loan for real estate in Xiamen?
These conditions are required for a second mortgage loan for real estate in Xiamen!
1.
The properties used for second mortgage loans should be residential and commercial properties with large market development
2.
The real estate used for the second mortgage loan of personal real estate must be an existing house
3.
The real estate is a first-hand house purchased with a mortgage loan from the Bank of China
4.
The real estate mortgage registration has been completed, and our bank is the mortgagee of the real estate
5.
The real estate has been insured, and the original insurance policy Managed by Bank of China
6.
The property is in a superior location, with convenient transportation, complete supporting facilities, and large profits.
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Which bank can handle Xiamen’s secondary real estate mortgage loan?
Xiamen Secondary Real Estate Mortgage Loan China Merchants Bank It can be done. According to the query, the relevant information is displayed: Processing process: Enter the official website of China Merchants Bank, and by querying the banking business content, you will learn that China Merchants Bank has a secondary real estate mortgage loan business.