How to trade second-hand houses with loans is reliable?
1. Repay the loan with the buyer's down payment
Most of the second-hand house sellers who haven't repaid their loans are selling houses with the mentality of changing houses, so the funds in their hands are not sufficient. The common method is to repay the remaining loan with the house payment paid by the buyers. It is best for all buyers to apply directly to the bank for early repayment and cancel the mortgage. However, since many friends who buy houses now also need loans, if property buyers also need loans, it is necessary to consider whether the down payment is enough to repay the loans.
2. Refinancing loans
Although the method of lending is not common in our life, it does exist. You can trust bank consultation. The seller applies to the bank to change the borrower, loan term or collateral, and transfers the remaining loan of the house to the buyer. However, the consent of the lending bank is required. It should also be noted that property buyers may choose other loan banks, and it is difficult to refinance across banks. Therefore, there are certain limitations in selling houses with outstanding loans through refinancing.
3. The seller raises funds
If the buyer is uneasy about paying the money to the seller first, and is unwilling to use the method of refinancing, because refinancing may make the buyer pay more down payment, then the seller must find ways to raise money to repay the loan in advance. This method is more reliable than the buyer, but it requires negotiation between the buyer and the seller.
How to prevent risks when buying second-hand houses with loans?
1, pay attention to the safety of funds
In the process of second-hand housing transaction, disputes over transaction funds are quite common, so we must pay attention to the safety of funds, and the risk of buyers using down payment for early repayment is quite high. In this case, it is very likely that the seller did not go through the mortgage formalities as promised and misappropriated the expenses paid in advance by the buyers. Some excessive sellers even put forward an unreasonable demand for another house payment to solve the mortgage.
2. Pay attention to the payment method
Nowadays, there are fewer ways to pay in cash, and it is not secure and safe enough. In addition, it is not necessary to adopt the full payment method, which can reduce the risk of buying a house. Buyers should also pay attention to the way of handing over the house. It is best not to deliver the funds directly to the seller, but to choose the way of fund supervision. The way of fund supervision is more secure for both buyers and sellers. After the seller cancels the mortgage, the funds will be unfrozen and paid to the seller. You can reduce the transaction risk in this way.
3. Pay attention to the contract
In the housing sales contract, buyers and sellers can also make some agreements to safeguard their own rights and interests at one time, or they can restrain the seller by increasing the liquidated damages. Property buyers should pay attention to the seller's verbal commitment, not credulous, and must fulfill it in the contract.
In fact, in theory, if the house is still mortgaged in the bank before the loan is paid off, the buyers have no right to dispose of it, but in fact, the buyers can skillfully circumvent this restriction through other means, but we must pay attention to the issue of transaction risk. The above is a reliable introduction on how to borrow and trade second-hand houses, hoping to help everyone.