Can a title deed be used as a second mortgage?

The property can be mortgaged as a second mortgage. Second Mortgage Prerequisites:

1. If the borrower's initial mortgage amount has reached 70%, and only 3% of the amount can be mortgaged, then it is natural that the second mortgage can not be handled; If the borrower only borrows 30% of the initial mortgage amount, and there are 60% or 70% that can be mortgaged, it is usually possible to apply for a second mortgage.

2. If the borrower has all the procedures for the mortgage, then the borrower must have the real estate certificate of the house. It cannot be used as a second mortgage without a title deed.

The title deed can be used as a second mortgage. In the case of a second mortgage, the mortgagor shall sign a written mortgage contract with the mortgagee, and both parties shall apply for mortgage registration with the housing authority where the house is located with the house ownership certificate, mortgage registration application, mortgage contract, identity documents and other relevant materials.

[Legal basis].Article 32 of the Measures for the Administration of Urban Real Estate Mortgages.

To handle the registration of real estate mortgage, the following documents shall be submitted to the registration authority for inspection:

1) The identity certificate or legal personality certificate of the mortgage party;

2) Application for mortgage registration;

3) Mortgage contract;

4) "State-owned Land Use Right Certificate", "House Ownership Certificate" or "Real Estate Ownership Certificate", and the "Housing Co-ownership Certificate" and other co-owners agree to mortgage proof must also be submitted for the co-owned houses;

5) Documents and supporting materials that can prove that the mortgagor has the right to create a mortgage;

6) Information that can prove the value of the mortgaged real estate;

7) Other documents deemed necessary by the registration authority.

Legal analysis: The house can be remortgaged if it meets certain conditions. First of all, the re-mortgage needs to truthfully inform the second mortgagee of the fact that the mortgage has been mortgaged; Then, the claim secured by the second mortgage shall not exceed the value of the collateral, nor shall it exceed the value of the balance after the collateral is secured.

Article 8 of the Measures for the Administration of Urban Real Estate Mortgages: The following real estate shall not be mortgaged: (1) real estate with disputed ownership; (2) Real estate used for education, medical care, municipal administration and other public welfare undertakings; (3) Buildings included in the protection of cultural relics and other buildings of important commemorative significance; (4) Real estate that has been included in the scope of demolition and relocation in accordance with the law; (5) Real estate that has been sealed, seized, supervised, or otherwise restricted in accordance with law; (6) Other real estate that shall not be mortgaged in accordance with law.

Article 9: Where two or more mortgages are created on the same real estate, the mortgagor shall inform the mortgagee of the mortgages that have been created. The claim secured by the mortgagor shall not exceed the value of its collateral.

After the real estate is mortgaged, the value of the mortgaged real estate is greater than the balance of the secured claim, and it may be re-mortgaged, but the balance shall not be exceeded.

A second mortgage requires a mortgage on the title deed. The second mortgage can only be processed if the relevant conditions are met, and the first thing to do is to look at the amount of the mortgage loan before the house, and the loan is based on the amount that can be borrowed now. Secondly, the bank will discount the second mortgage, which is generally a 6% discount, and the second mortgage is best handled by the bank that handled the mortgage loan before.

Extended Information: What are the conditions for a second mortgage.

1. The houses with the second mortgage are residential and commercial buildings.

2. The house used for the second mortgage of the personal house must be an existing house.

3. The house is a first-hand house purchased with a bank mortgage.

4. The mortgage registration has been completed, and the bank is the mortgagee of the house.

5. The house has been insured by the bank, and the original insurance policy is managed by the bank.

6. The house is located in a superior location, convenient transportation, complete supporting facilities, and has strong liquidity ability.

7. The borrower is a first-hand mortgage loan customer of the bank, and has a stable income in the repayment process, good credit and strong repayment ability, and there is no interest arrears in the first-hand loan.

What is the process for a second mortgage.

1. First of all, you need to submit the second mortgage application to the lending bank, and the bank can only go through the second mortgage procedures after the bank agrees. After the application is approved, the applicant needs to submit the information required for the loan to the bank, and the bank will review the information provided.

2. After the bank agrees, the lending institution will understand your personal information, conduct an on-site inspection of the house, check the location, facilities, environment and area of the house, and see if the house has the value of a second mortgage.

3. Sign the loan contract for the second mortgage, go through the procedures for the registration of the second mortgage after the contract is signed, and after the formalities are completed, the lending institution will issue the loan to you on the agreed date.

A property can be remortgaged, but there are specific conditions for a second mortgage on a property, and not all properties can be remortgaged.

The house with a second mortgage must have clear property rights, the property has been assessed as a residual value to be mortgaged, the property is not more than 20 years old, and other conditions stipulated by the bank, such as the borrower's ID card, residence certificate, marriage certificate, personal income certificate, primary mortgage contract, etc., can be used for the second mortgage.

Documents required for second mortgage loansMainly according to the specific requirements of the regional construction committee, usually only the applicant's real estate certificate (real estate right certificate or house ownership certificate, land use right certificate or purchase contract and invoice), identity documents (resident ID card, military officer certificate, etc.) are required. According to the time of payment and the time of each district and county to apply for other rights certificates, under normal circumstances, the loan can be disbursed on the day of receiving other rights certificates.

The above content reference: Encyclopedia - Second Mortgage.

Can I close a house with a second mortgage? How do I do it? Here are 5 points to keep in mind.

If the property ownership certificate only occupies a small part of the appraised value of the house during the first mortgage, it can be used as a second mortgage.

Article 35 of the Security Law provides that the creditor's rights guaranteed by the mortgagor shall not exceed the value of the collateral. After the property is mortgaged, the value of the property is greater than the balance of the secured claim, and it may be re-mortgaged, but the balance shall not be exceeded.

The house can be remortgaged. But the conditions for a second loan are harsh. The conditions are as follows:

1. The house used for the second mortgage must be an existing house; 2. The mortgage registration of the property has been completed, and the bank is the mortgagee of the house; 3. The house has been insured, and the original insurance policy is managed by the bank; 4. The property has a remortgageable amount; 5. The borrower has full capacity for civil conduct, stable income, and good credit. Legal basis According to Article 397 of the Civil Code: if a building is mortgaged, the right to use the construction land within the scope occupied by the building shall be mortgaged together.

Hello, the house has been mortgaged once, and is still being repaid, and making a mortgage again is called a second mortgage. There are prerequisites:

1. The real estate certificate has been processed.

2. There is still a residual value of the property minus the previous mortgage amount. If the previous mortgage amount is much smaller than the value of the property, for example, the property value is 1 million, and only the mortgage is 100,000, then there is still more than 900,000 value.

3. The second mortgage can only use the residual value as the collateral value, and the general bank loan will be discounted, such as 6% off. You can only mortgage 90 times 540,000.

4. If you do a second mortgage, it is better to make an additional mortgage with the same bank.

Hello, I'm happy to serve you, I'm his dad who loves to step on the plate, real estate financier, has 10 years of experience in real estate finance, buying, selling, renting, new houses, second-hand housing transactions can be consulted, the answer is being sorted out, typing takes some time, please wait

Do you mean the extra points of the household registration policy on the hukou side?

Do you mean the extra points of the household registration policy on the hukou side?

This has nothing to do with whether you mortgage or not.

Ask the question: Yes. Okay thank you.

Okay thank you. Answer: The mortgage is only related to your financial system, and what does not match your settlement is that you are on the credit report alone, which will show that your house has a mortgage, etc., as well as a use of other financial products, overdue, repayment, etc., so it has nothing to do with settling here.

Can a property be remortgaged? The property can be remortgaged, but the second mortgage needs to meet the conditions, not all properties can be remortgaged, and other conditions stipulated by the bank must also be provided; For example, the borrower's ID card, marriage certificate, personal income certificate, residence certificate, mortgage contract, etc. The house with a second mortgage must have clear property rights, the property has been assessed as a residual value and can be mortgaged, and the property is not more than 20 years old.

If you need to apply for a second mortgage of real estate, you can consult Quam Capital for free. To find out, you can click here for information: Can a property be remortgaged?

The title deed of the house can generally be remortgaged. In the case of a second mortgage, the mortgagor shall sign a mortgage contract with the mortgagee, and both parties shall apply for mortgage registration with the housing authority where the house is located with the house ownership certificate, mortgage registration application, mortgage contract, identity documents and other relevant materials.

Article 32 of the Measures for the Administration of Urban Real Estate Mortgages.

To handle the registration of real estate mortgage, the following documents shall be submitted to the registration authority for inspection:

1) The identity certificate or legal personality certificate of the mortgage party;

2) Application for mortgage registration;

3) Mortgage contract;

4) "State-owned land use right certificate to slow down", "house ownership certificate" or "real estate right certificate", and the co-owned house must also submit the "house co-ownership certificate" and other co-owners agree to mortgage the certificate;

5) Documents and supporting materials that can prove that the mortgagor has the right to create a mortgage;

6) Information that can prove the value of the mortgaged real estate;

7) Other documents deemed necessary by the registration authority.