Conditions of real estate license in secondary mortgage

Conditions for two certificates of mortgaged properties: the borrower must be a first-hand mortgage customer of China Bank, with no interest default, stable income, good credit, and the ability to repay the loan principal and interest on schedule, and have repaid the principal and interest on schedule for more than two years.

1. The houses used for secondary mortgage should be high-quality houses and commercial houses with great market development potential;

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

3. The house is a first-hand house purchased with a mortgage loan from China Bank;

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

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

6. The house has excellent location, convenient transportation, complete facilities and great appreciation potential.

The two mortgage quota of real estate license is as follows:

1, loan amount = house value * mortgage rate-original loan principal balance.

2. The value of the house is compared with the original purchase price of the house and the evaluation price at the time of secondary mortgage, whichever is lower. The mortgage rate of secondary loans with housing mortgage shall not exceed 70%; The mortgage rate of secondary loans for commercial housing mortgage shall not exceed 50%.

Loan is a form of credit activity in which banks or other financial institutions lend monetary funds at a certain interest rate and must return them. Loans in a broad sense refer to loans, discounts, overdrafts and other borrowing funds. Banks put concentrated money and monetary funds out through loans, which can meet the needs of social expansion and reproduction and promote economic development. At the same time, banks can also obtain loan interest income and increase their own accumulation.

Article 36 of People's Republic of China (PRC) Urban Real Estate Management Law: When transferring or mortgaging real estate, the parties concerned shall register the ownership in accordance with the provisions of Chapter V of this Law.

Article 62 When a real estate is mortgaged, it shall be registered with the department designated by the local people's government at or above the county level. Where the land use right and house ownership are obtained due to the disposal of mortgaged real estate, the transfer registration shall be handled in accordance with the provisions of this chapter.