Two, mortgage refers to the mortgage of the mortgaged property, to obtain loans from a specific lender. The characteristic of secondary mortgage is that you can get a loan again without paying off the previous loan, which saves time and the cost of prepayment.

For example:

For example, suppose a property has been mortgaged in the bank and is still being repaid normally. In this case, if the owner applies for a mortgage loan again, there is no need to pay off the bank loan in advance. As long as he can pass the professional evaluation, he can re-mortgage according to the evaluation value.

Quota:

The applicant only needs to go through the mortgage registration formalities once to realize the maximum mortgage loan. After obtaining the maximum loan amount, the loan can be withdrawn by stages as needed, and the interest calculation time is based on the actual payment time of each payment. This can save a lot of unnecessary interest costs. Maximum mortgage is essentially a kind of mortgage. Generally speaking, commercial banks provide the highest amount of mortgage loans in China.

Balance mortgage:

Secondary mortgage belongs to balance mortgage. The Property Law stipulates that as long as there is a balance in the value of the property after the first mortgage, it can be used as a second mortgage or a third mortgage. The common forms of balance mortgage in China are generally five-color soil mortgage, pawn mortgage or professional loan company mortgage.

Processing instructions:

The documents required for the two mortgages are mainly based on the specific requirements of the regional construction Committee. Usually only the applicant's real estate license (real estate license or house ownership certificate, land use right certificate or purchase contract and invoice) and identity documents (resident ID card, military officer's card, etc.). ) are needed. According to the time of spending money in each district and county and the time of handling other rights certificates, in general, the loan can be released on the day of receiving other rights certificates.

Requirements for secondary mortgage of real estate:

Banks have different regulations on mortgaged properties, and have corresponding requirements on the completion date and the area where the property is located. For example, before 1995, there were more restrictions on real estate, or in some remote suburban counties, the loan ratio was less. However, there is no restriction on the age and region of the property, and the property that can almost be registered as mortgage can be reasonably evaluated according to the price of similar property sold in the market at that time, so that the lender can obtain a higher loan ratio than the bank.

How to get a loan on two mortgages?

Required procedures:

1. Evaluate about 70% of the general loan evaluation price first, and then provide ID card, household registration book, household registration book, income certificate and marriage certificate.

2. Go to the bank for an interview, get the loan approval letter, pay off the last bank loan in advance, and cancel the mortgage registration.

3. Go to the Construction Committee to register the second mortgage, and you can lend money within 3 days.

Extended information:

Two mortgage is different from the requirements of the first mortgage loan. Specific requirements include the following aspects:

1. Banks have higher requirements for the potential of secondary mortgage housing, generally targeting those high-quality housing or commercial housing with great market development potential. Such houses generally have a large room for appreciation, and the success rate of banks in reviewing secondary mortgages will be higher.

Second, the bank requires that the real estate in the secondary mortgage must be an existing house, and the auction house cannot be used as collateral for the secondary mortgage.

Three, apply for a second loan, the applicant bank and the original housing loan bank should be interlinked, there can be no separate loans between the two banks.

Housing secondary mortgage in addition to the above requirements, the secondary mortgage process generally includes five aspects:

First, after the owner applies for a second mortgage, the bank will assign a special person to evaluate the value of the property, mainly to evaluate its appreciation potential, and then give reference value according to the evaluation results;

Second, when the owner handles the second mortgage of the house, he needs to issue personal identity certificate, property certificate, income certificate and other supporting materials required by the bank;

Third, the lender himself needs to bring all the information to the bank for face-to-face, and sign the application form for the second mortgage of the house;

Fourth, the bank will review the personal data of the property and the lender and calculate the loan amount at the same time;

Finally, after the approval, the lender needs to register the mortgage in the bank and wait for the loan.

Housing two mortgage is a kind of mortgage loan that has attracted much attention in recent two years. Many of them are in urgent need of funds, and their property is being mortgaged. You can choose to use two mortgages to obtain funds. The second mortgage of houses is still relatively unfamiliar to some people, especially the mortgage process.

First of all, the so-called second mortgage of housing refers to the act of applying for a loan again in the process of mortgage loan, which is also a brand-new mortgage loan service for banks. When the house is located in two mortgage, the bank will re-evaluate the value of the house according to the principal and interest repaid by the owner. On the basis of evaluating the price, apply for a loan from the bank again with the value after deducting the loan balance as collateral.

What are the conditions for the second mortgage of the house?

Housing secondary mortgage to meet the conditions are:

1. The borrower has the ability to stabilize his occupation and income and repay the loan principal and interest on schedule;

2. The borrower's credit status is good;

3. The house used for personal housing in the second mortgage must be an existing house;

4. The secured creditor's rights shall not exceed the value of the house.

Article 9 of the Measures for the Administration of Urban Real Estate Mortgage stipulates that if more than two mortgages are set on the same real estate, the mortgagor shall inform the mortgagee of the mortgages already set.

The creditor's rights secured by the mortgagor shall not exceed the value of the mortgaged property.

After the real estate is mortgaged, if the value of the mortgaged real estate is greater than the balance of the secured creditor's rights, it may be mortgaged again, but it shall not exceed the balance.

Article 10 stipulates that if the same mortgage is set on two or more real estates, it shall be regarded as the same mortgaged real estate. Unless otherwise agreed by the parties to the mortgage.

legal ground

Article 9 of the Measures for the Administration of Urban Real Estate Mortgage

If more than two mortgages are set on the same real estate, the mortgagor shall inform the mortgagee of the mortgages already set.

The creditor's rights secured by the mortgagor shall not exceed the value of the mortgaged property.

After the real estate is mortgaged, if the value of the mortgaged real estate is greater than the balance of the secured creditor's rights, it may be mortgaged again, but it shall not exceed the balance.

Article 10

If the same mortgage right is set on two or more real estates, it shall be regarded as the same mortgaged real estate. Unless otherwise agreed by the parties to the mortgage.