You can borrow money to buy a house after mortgage.

You can use the purchased property as collateral, which is a mortgage loan; Other houses can also be used as mortgage loans, but the premise is that the mortgaged houses can be mortgaged, that is, the houses that the lending bank needs to mortgage can be used as collateral for loans.

Some banks stipulate that after your house is mortgaged, you can only buy a car, decorate it and then let your children go abroad. You are not allowed to buy a house, but some banks still allow you to do so. You can apply for a provident fund loan as a mortgage loan, which is considered as the second home loan.

Generally speaking, the loan is like this, that is, you hand over the property to an appraisal company for appraisal. For example, the market value of your property is 600,000, and he thinks it is 500,000 after the evaluation. He lends at 50% of the evaluation value, which means he can lend 250,000. Some banks require that your longest repayment period is 10 years, and some banks can do it for 30 years, but don't expect too much.

legal ground

Article 667 of the Civil Code of People's Republic of China (PRC) defines a loan contract as a contract in which the borrower borrows money from the lender, returns the loan at maturity and pays interest.

Article 668 of the Civil Code of People's Republic of China (PRC) A loan contract shall be in written form, unless otherwise agreed between natural persons. The contents of a loan contract generally include terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Can I buy another set with a mortgage loan?

Of course. If the house itself has no mortgage loan, it can be directly used as a mortgage loan; If you have a mortgage when you buy a house, many banks can now be "two mortgage".

In addition to banks, you can also find some financing guarantee companies, but their interest rates will be different.

Extended data:

Housing mortgage loan is a kind of loan provided by the bank to ensure the safety of the loan. The borrower's real estate, securities and other documents can legally obtain the lien and pledge of the borrower's property through a certain contract. This kind of loan is actually a loan method in which the debtor (mortgagor) legally transfers the property ownership to the creditor (mortgagee) to obtain a loan. During this period, if the debtor fails to repay the loan principal and interest on schedule, the creditor has the right to dispose of the collateral and get priority compensation. This loan method can reduce the loan risk of creditors and provide the most effective guarantee for creditors to recover their loans. The use of mortgage loan in housing credit is based on the security, liquidity and profitability of bank operating funds. Because the borrowers of this kind of housing loan are mostly individual residents, it is impossible for banks to clearly know the financial strength and credibility of borrowers, which increases the risk of bank loans, and mortgage loans provide creditors with an effective guarantee to recover loans under the condition of high loan risk. Therefore, most banks use mortgage loans in their housing loans to individual residents.

Application material

Real estate license (real estate license and land certificate must be mortgaged to the bank when mortgage the bank loan)

Identity cards of obligee and spouse

Household registration book of obligee and spouse

Income certificate (this certificate has a great influence on the success and maximum amount of mortgage bank loans. )

If the owner of the real estate license has minor children, please provide birth certificate.

If the property still has a bank loan, please provide the original loan contract and the last bank statement.

In order to improve the pass rate of mortgage loan, please provide as many other family property certificates as possible (such as other real estate licenses, stocks, funds, cash passbooks, vehicle driving licenses, etc.). )

Application conditions:

1. China (excluding Hong Kong, Macao and Taiwan) citizens, wage earners aged 18-65, who have worked continuously in their current units for more than six months (if less than six months, but the work content of this unit is the same as that of the previous unit, the working years of the previous unit can be accumulated) and business people who have been in business for more than one year.

2. There are no minors under the age of 18 and no adults over 70 years old (including 70 years old) among the owners of the mortgaged property.

3. If the house property is mortgaged for the second time, the first mortgagee of the house must be the bank.

4. The borrower needs to own one or more sets of ownership houses (at least one set of ownership houses in this city).

Is mortgage to buy a house feasible?

It is not feasible to mortgage a house and then buy a house.

Mortgage loans cannot be used to buy houses. Housing mortgage loan is a kind of consumer loan, which belongs to consumer mortgage loan. The bank put forward some requirements for the use of this loan. If the loan is used to buy a house, it is generally not allowed at present. This is also to prevent real estate speculators from using space to borrow real estate, and on the other hand, it is also for the needs of the property market regulation policy.

This kind of loan method is to mortgage the property under one's own name to the bank as collateral, thus lending a relatively large amount, which can be used for buying a new house, buying a car, investing, etc. However, it has certain limitations, and its interest rate will be much higher than that of mortgage loan to buy a house, and the loan time will be much shorter than that of mortgage.

Problems needing attention in housing mortgage loan

Pay attention to the decoration, location and obsolescence of the house. If the location is too remote and there is no decoration, the old house cannot be loaned. In other words, we need to pay attention to the liquidity and overall value of the house, because ordinary banks have restrictions on the amount of loans, and it is more difficult to handle loans below 6,543,800 yuan.

Pay attention to whether the housing structure has changed and whether the use of the housing ownership certificate is consistent, otherwise the loan cannot be processed; There is also whether the address of the house ownership certificate is consistent with the actual address. If they are inconsistent, you need to go to the neighborhood Committee where the house is located to issue a certificate of address change before you can apply for a house loan.

Is it worth buying a house after mortgage?

Relatively speaking, it is more cost-effective to buy a house after mortgage. Buyers will mortgage their property to the bank to get a certain loan amount, and then go to buy a house. This method belongs to mortgage to buy a house. The mortgage interest rate generally rises on the basis of the central bank's benchmark interest rate 16%. For mortgage loans, the interest rate of the first suite is the benchmark interest rate, and some banks will give a 5% discount. The second set is higher than the central bank's benchmark interest rate 10%. On the whole, mortgage to buy a house is more cost-effective.