Now the banks are all connected to the internet. If two houses apply for mortgage loans, and the second one is a second loan, the interest rate will be higher than the first one. The first is the benchmark interest rate, and the second is the benchmark interest rate floating 15%.
Also, even if the previous loan is paid off, the bank will have a bottom, and the bank will check whether the mortgage record has been cancelled, otherwise it will be difficult to apply for a mortgage loan if there is a bad credit record at that time.
-
Obviously, there is an intention to cheat. You just don't want to take risks. Why do you have to use a house as collateral to own a house? As mentioned above, the amount of the first loan is irrelevant. If you don't cancel the first foundation and have a bad credit repayment record, even if your house loan is not good, it is a high-interest secondary loan. Remember that it has nothing to do with the previous loan amount.