1. The borrower submits the relevant information of two mortgages to the bank and applies for a loan.
2. The bank accepts the borrower's application and designates a professional appraisal institution to appraise the collateral.
3. The bank shall review the secondary mortgage information submitted by the borrower and handle relevant formalities.
4. If the bank passes the examination and approval, the borrower may entrust the guarantee company to handle the prepayment and mortgage cancellation procedures of the original loan.
5. After the original loan issuance procedures are completed, the borrower needs to go through the new mortgage registration procedures again.
6. After the formalities are completed, the bank issues the loan and the borrower repays it again.
Second mortgage real estate mortgage loan process
Through the bank: 1. First of all, you need to submit two mortgage application materials to the loan bank, and the bank can handle the secondary mortgage formalities only after evaluating the corresponding houses. The loan bank here is the bank you applied for a loan before, because the same property cannot be mortgaged to different banks. After the application is approved, you need to submit the information needed for the loan to the bank. The bank auditor will review your information and tell you the result after the review. 3. After the approval, the bank will interview the applicant. You need to sign a second mortgage contract with the bank and notarize the loan contract. After the mortgage registration formalities are completed, the bank will issue the loan to you on the specified date.
Secondary mortgage process of lending institution: 1. Appraisal: The mortgagor or mortgagee needs a real estate appraisal agency to appraise the real estate and issue an appraisal report to see how much credit there is. 2. Mortgage notarization: The mortgagor and mortgagee need to personally sign the mortgage loan contract at the notary office and notarize it. 3. Submit all kinds of materials that need to be submitted to the real estate trading center for review. 4. After accepting the mortgage registration, the real estate trading center will issue an acceptance form and other warrants within 5-7 working days. The mortgagee will lend money after seeing his warrant. 6. Repayment. 7. The mortgagee and mortgagor cancel the mortgage at the real estate trading center.
Legal Basis: Management of Urban Real Estate Mortgage Article 3 The term "real estate mortgage" as mentioned in these Measures refers to the act that the mortgagor provides the mortgagee with a debt performance guarantee with his legal real estate without transferring possession. When the debtor fails to perform the debt, the creditor has the right to be paid in priority with the proceeds from the auction of mortgaged real estate according to law.
The term "mortgagor" as mentioned in these Measures refers to a citizen, legal person or other organization that provides legally acquired real estate to the mortgagee as a debt guarantee for himself or a third party.
How to get a loan on two mortgages?
Required procedures: 1. First, about 70% of the general loan evaluation price is evaluated, and then ID card, household registration book, household registration book, income certificate and marriage certificate are provided. 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 high requirements for the potential of secondary mortgage housing, generally for 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. In addition to the above requirements for secondary mortgage, the process of secondary mortgage generally includes five aspects: first, after the owner applies for secondary 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.