Can the mortgaged house be registered with the Housing Authority for a second mortgage?

Preparation materials for applying for a second mortgage loan:

The original loan contract, mortgage contract and other documents signed with the lender;

Legally valid identity documents (resident ID card, military officer certificate, household registration booklet, home return permit for Hong Kong and Macao compatriots and other valid residence documents, etc.) and provide a copy thereof;

Property Appraisal Report issued by a housing appraisal agency recognized by the Bank;

Proof of financial income approved by the lender;

Proof of purpose of second mortgage;

A repayment list of the original mortgage;

Other supporting documents or information required by the lender.

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.

First of all, the so-called second mortgage of the house refers to the act of applying for a loan again in the process of mortgage loan, which is also a new mortgage loan service of the bank. When the house is remortgaged, the bank will re-evaluate the value of the house according to the principal and interest that the owner has repaid, and apply for a loan again with the bank after deducting the loan balance on the basis of the appraisal**.

1. Handle it through a bank.

First of all, you need to submit a 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, you need to submit the information required for the loan to the bank, and the bank will review your information, and the result will be told to you after the review. After the approval, you need to sign a second mortgage contract with the bank and go through the procedures of notarization of the loan contract. Once the formalities are completed, the bank will release the loan to you on a specified date.

2. Handle it through private lending institutions.

After the bank agrees, the lender will take care of your personal information to see if you are eligible for a second mortgage and know the basic information about the home. The lender will conduct a site visit to the house to see if the house has the value of a second mortgage by looking at factors such as the location, amenities, environment and size of the house. After the inspection, the lender will discuss with you the second mortgage plan of the property, and specifically determine the loan amount, term, interest rate, and service fee of the second mortgage of the property.

After the two parties have negotiated, they can sign the loan contract for the second mortgage of the private sector. After the contract is signed, the staff of the lending institution will accompany you to the housing authority to complete the procedures for the registration of the second mortgage, don't forget to prepare the relevant documents. After completing the registration of the second mortgage, you need to go to the housing authority to obtain the certificate of other rights and hand over the title certificate to the agent for safekeeping.

Once the formalities are completed, the lender will disburse the loan to you on the agreed date.

2.On the certificate, the applicant's real estate certificate and identity document are required, and under normal circumstances, the loan can be released on the same day.

It also depends on the policy of the local bank.

The process is different for each bank branch, and it usually takes about 15 to 20 days.

The process of applying for a loan:

1. The borrower submits the loan application materials to Ping An Puhui;

2. The application materials submitted by the borrower shall be reviewed for preliminary examination;

3. Ping An Puhui will approve the loan application that meets the loan conditions after passing the preliminary examination and credit investigation;

4. If the approval is passed, the borrower shall be notified to go through the relevant formalities such as contract signing, lending, mortgage or pledge; If the approval is not passed, an explanation must be made to the borrower;

5. The loan contract takes effect and the loan is issued;

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 mortgage line, and the balance of the mortgage is less than 70% of the current house price; 5. The borrower has full capacity for civil conduct, stable income, and good credit; 6. The property should be a high-quality housing and commercial building with great market development potential. Although applying for a second mortgage effectively increases the loan amount, it should be noted that the second mortgage of the house should be operated under the condition that there is a certain amount of room for loans. In other words, if your first loan is close to 70% of your home's appraised value, you may want to consider applying for a line of credit.

If the first loan amount is only 30% of the appraised value of the mortgaged house, choosing a second mortgage can undoubtedly greatly increase the loan amount.

Conditions that need to be met for a second mortgage on a home:

The houses used for the second mortgage should be high-quality housing and commercial buildings with great market development potential;

The home used for a second mortgage on a personal home must be an existing home;

The house is a first-hand house purchased with a mortgage loan from the Bank of China;

The mortgage registration has been completed and our bank is the mortgagee of the house;

The house has been insured, and the original insurance policy is managed by Bank of China;

The house is located in a superior location, with convenient transportation and complete supporting facilities, and has great potential for appreciation.

The process of getting a second mortgage on a home:

If the mortgage has been registered, it shall be repaid in the order in which it was registered; if the order is the same, it shall be repaid in accordance with the proportion of creditor's rights;

the payment of the mortgage registered before the unregistered;

If the mortgage is not registered, it shall be repaid in accordance with the proportion of the creditor's rights. "So, a second mortgage is no different from a first mortgage except for the order in which it is repaid. Generally, it takes 40-50 working days for the loan to be disbursed.

Legal analysis: the second mortgage needs to go to the housing authority to handle, if the mortgage is all the real estate, you must go to the real estate mortgage registration department to cancel the mortgage before you can handle the mortgage registration of the second mortgage of the real estate; If part of the property is mortgaged, the remaining property can be re-mortgaged after appraisal. Remember to bring a copy of the relevant person's ID card, power of attorney, property right certificate, etc.

Legal basis: Article 14 of the Interim Regulations on the Registration of Immovable Property Article 14 Where an application for registration of immovable property is made for sale, creation of mortgages, etc., both parties shall jointly apply for it.

In any of the following circumstances, the parties may apply unilaterally:

1) The immovable property that has not yet been registered is applied for registration for the first time;

2) Inheritance or acceptance of bequests to acquire immovable property rights;

3) The establishment, modification, transfer, or extinction of immovable property rights in effective legal documents of the people's courts or arbitration commissions, or effective decisions of the people's courts;

4) The name or title of the right holder or the natural situation changes, and the application for modification of registration is made;

5) The immovable property is lost or the right holder gives up the rights of the immovable property and applies for cancellation of registration;

6) Applying for correction of registration or objection to registration;

7) Other circumstances where laws or administrative regulations provide that a unilateral application may be made by the parties.

If the second mortgage needs to be handled by the housing authority, if all the real estate is mortgaged, the mortgage must be cancelled at the real estate mortgage registration department before the mortgage registration of the second mortgage of the real estate can be handled; If part of the property is mortgaged, the remaining property can be re-mortgaged after appraisal. Remember to bring a copy of the relevant person's ID card, power of attorney, property right certificate, etc.

Legal basis: Article 14 of the Interim Regulations on the Registration of Immovable Property Article 14 Where an application for registration of immovable property is made for sale, creation of mortgages, etc., both parties shall jointly apply for it.

In any of the following circumstances, the parties may apply unilaterally:

1) The immovable property that has not yet been registered is applied for registration for the first time;

2) Inheritance or acceptance of bequests to acquire immovable property rights;

3) The establishment, modification, transfer, or extinction of immovable property rights in effective legal documents of the people's courts or arbitration commissions, or effective decisions of the people's courts;

4) The name or title of the right holder or the natural situation changes, and the application for modification of registration is made;

5) The immovable property is lost or the right holder gives up the rights of the immovable property and applies for cancellation of registration;

6) Applying for correction of registration or objection to registration;

7) Other circumstances where laws or administrative regulations provide that a unilateral application may be made by the parties.

Legal analysis: The house mortgage must have a real estate certificate to prove that the house is yours, and you can make a copy when you handle it.

Legal basis: "Law of the People's Republic of China on the Management of Urban Real Estate" Article 61 To obtain land use rights by way of transfer or allocation, an application for registration shall be made to the local people's land management department at or above the county level, and the land use right certificate shall be issued by the local people's land management department at or above the county level.

If a house is built on the land for real estate development obtained in accordance with the law, it shall apply for registration with the local people's real estate management department at or above the county level with the land use right certificate, and the local people's real estate management department at or above the county level shall verify and issue a house ownership certificate.

When real estate is transferred or changed, it shall apply to the local people's ** real estate management department at or above the county level for registration of real estate change, and apply to the people's ** land management department at the same level for registration of change of land use right with the changed house ownership certificate, and the people's ** land management department at the same level shall replace or change the land use right certificate after verification by the people's ** land management department at the same level.

Where the law provides otherwise, it is to be handled in accordance with the provisions of the relevant laws.

To make a second mortgage on the property, the parties need to go through the following procedures: first, they need to submit the second mortgage application to the lending bank, and after the application is approved, they will submit the information required for the loan to the bank, sign the second mortgage contract with the bank after the review is passed, and go through the procedures for the loan contract to be publicized.

Article 9 of the Measures for the Administration of Urban Real Estate Mortgages 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 creditor's rights, and it can be mortgaged again, but the balance shall not be exceeded.