There are two kinds of bank real estate appraisal in Shanghai. One is real estate appraisal, that is, borrowers need to go to Shanghai Real Estate Trading Center to find out whether their families have real estate in Shanghai. So, in this case, you can buy three suites instead of selling the house. In addition, there is also a recognition that when banks accept loans, they need to query personal bank credit information on the personal credit information system developed by the People's Bank of China. At present, if there is a mortgage record in the credit records of most banks, whether it is settled or not, it is regarded as a set, that is, if you have a mortgage record for three times, even if it has been settled, it is still regarded as a third suite and you cannot borrow money to buy a house.
But you can still call some banks for advice. After all, not every bank has this policy. You can consult some smaller banks, such as Guangfa, Ping An, Ningbo and Bohai. It seems that the Bank of China is also loose. Let's have a try. In this way, if the bank no longer recognizes the settled loan, you can sell your existing house and try to get a loan.
Finally, it is not recommended to borrow money in the name of in-laws, because it is too old. Generally, both men and women are 70 years old, and the loan period is decreasing in turn, that is, at the age of 65, they can only borrow for five years, and a short term means great repayment pressure. Finally, how to open your in-laws loan, relevant income proof and financial proof is also a problem, and not many banks like to accept it.