Under normal circumstances, a new house purchased with full payment can be mortgaged, because the owner of the house purchased with full payment has the ownership of the house, including transfer, transaction, gift, mortgage, etc. But the premise is that the age of the house does not exceed the age specified by the bank, and the borrower meets other conditions specified by the bank, such as good personal credit and sufficient repayment ability.

Can a house bought with a loan be used as a mortgage for a bank loan?

In principle, a house under mortgage can apply for a second mortgage, but whether it can pass the bank's review depends on the bank's regulations, the borrower's credit report, financial resources, etc.; If a borrower has poor credit or has financial resources that can only afford a first loan, he or she may not be able to apply for a second mortgage.

How to apply for a house mortgage loan?

1. Loan consultation. When applying for a home mortgage loan, borrowers need to first consult the relevant lending bank for relevant information. Mainly ask about the conditions of the loan and the materials prepared for the loan. See if you qualify for a loan.

2. Submit an application. In accordance with the bank's loan regulations, the borrower must prepare relevant materials for the loan. Mainly include personal ID card, household registration book, income certificate, work certificate, etc. After completing the relevant information, submit the materials to the bank.

3. Bank review. After the bank receives the borrower's materials, it will conduct a preliminary review to see if it meets the bank's loan requirements. Also determine the accuracy of the borrower's materials. And check whether the borrower's credit is good.

4. Bank approval. After the borrower passes the bank's review, the bank will enter the loan approval process. At this time, the bank will communicate with the borrower about the loan amount, interest rate, term, repayment method and other issues. After the communication is complete, you can sign the contract.

5. Bank lending. After all the above processes are completed, the bank will issue the payment. The borrower can make monthly repayments according to the loan contract.

What is the maximum number of years for a mortgage loan?

The maximum loan period for a mortgage loan is 30 years, provided that you are applying for a real estate mortgage loan. The actual loan period of the real estate mortgage loan plus the actual age of the loan applicant cannot exceed 60. If it is a car mortgage loan, most Lending institutions can lend for up to 3 years, and some lending institutions may extend it to 4 years, or even longer, depending on the actual situation.