Judging from the current regulations of various banks, many banks do not accept personal second mortgage business. Therefore, the borrower can only apply for a mortgage loan after the mortgage loan is fully paid off.

If the applicant intends to personally arrange the mortgage application for the mortgaged property, then the more reasonable method is to find relatives and friends with abundant funds to make up the remaining mortgage money, then take it to the bank to repay the remaining loan of the property and complete the mortgage cancellation, and then mortgage the mortgaged property to the bank, and divide the loan obtained from the mortgaged property into two parts, one of which can be used to lend money to their relatives and friends, and the other can be used for free disposal. Whether it is used for business turnover or daily consumption, it is personal freedom. This method requires someone to provide a working capital, which takes about two months and is divided into two links: prepayment and mortgage application.

If the applicant can't find any relatives and friends who can help, he can also choose to ask the guarantee company for help, that is, first find the guarantee company to make an advance payment, pay off the balance, cancel the mortgage, and then apply for a mortgage loan again. Of course, this method is more meaningful in the case of large loan amount space.

First, you can wake up your sleeping property and convert the repaid part of the mortgage into cash.

Secondly, the value-added part of the property can also be turned into cash. In the process of handling, the guarantee company needs to charge a certain fee, and the charging standard of each lending institution is different. Therefore, borrowers may wish to shop around and choose loan products with relatively high cost performance.

At present, there are many loan intermediaries or guarantee companies in the market that can handle mortgage loans for mortgaged properties, but borrowers also need to be cautious, because some of them are not well managed and may fall into the trap and pay a heavy economic price if they are not careful.