1, through bank loans. Usually, it is necessary to repay the loan in advance, and then mortgage it in other banks after paying off the remaining loan of this property. However, in some banks, mortgage houses can be directly mortgaged. Banks have different requirements for the second loan of mortgage houses. I suggest you consult your local bank outlets in detail.
2. Loans through guarantee companies. There is no need to prepay, but the loan amount generally cannot exceed the residual value of the mortgaged property.
Difference between housing mortgage loan and housing mortgage loan
1. Cost difference: mainly in terms of interest rate. For mortgage loans, it is commercial loans, also known as personal housing loans. Mortgage loan refers to the loan that the borrower obtains from the bank with certain collateral as guarantee. The interest rate is the benchmark interest rate stipulated by the People's Bank of China. In the past, there was a discount for buying a house at the mortgage interest rate. Due to tight policies and small quotas, interest rates have risen instead of falling. But the floating property of mortgage loan is lower than that of mortgage loan.
2. Different subjects of legal relationship: in the mortgage relationship, if the debtor is the mortgagor, there are only two subjects of legal relationship, namely the mortgagee and the mortgagor. In the mortgage relationship, there must be at least three legal subjects, namely, the mortgagor (bank), the mortgagor (buyer) and the third party (original house owner).
3. Different preconditions: the borrower wants to apply for a mortgage loan from the bank, which is a loan obtained from the bank with certain collateral. Mortgage loans can be used to buy a house or for other purposes. However, mortgage loan is a personal housing loan business that buyers use the purchased house as collateral and real estate companies provide regular guarantees, but it can only be used for buying houses.
Mortgaged and unsecured
First, from the nature of loans, unsecured loans belong to credit loans, and mortgage loans belong to secured (or guaranteed) loans;
Second, in terms of loan interest rate, the interest rate of unsecured loans will be much higher than that of mortgage loans. The general interest rate will be 2-3 times that of the mortgage.
Third, in terms of loan life, the life of unsecured loans is relatively short, generally not more than three years. The term of mortgage loan can be long or short, one year or as long as 20 years. The repayment pressure is small.
4. Loan amount: The amount of unsecured loans is generally small, which is judged according to the lender's salary, running water and liabilities. So as to determine the loan amount.
Mortgage loan is mainly based on the value of collateral to determine the loan amount, if the loan amount is relatively large, but also consider the lender's repayment ability.
5. In terms of loan issuance time, the approval time for unsecured loans is short, and loans can be obtained in 3-5 days; Mortgage loan approval-mortgage registration-lending takes 2-3 weeks.