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【Netizen Q&A】: In the case of unpaid mortgage, can I still apply for a real estate mortgage loan? Answer: It doesn't take a lot of complicated materials to get a line of credit. There are many banks on the market that target them

author:Nanjing Financing Story

【Netizen Q&A】: In the case of unpaid mortgage, can I still apply for a real estate mortgage loan?

Answer: It doesn't take a lot of complicated materials to get a line of credit.

There are many banks in the market that do not settle mortgage loans with two-mortgage products.

The appraisal price of the property multiplied by the loanable value (generally up to 70%), minus the loan balance of the commercial loan part and then minus the CPF loan balance, is the final loanable amount.

It is worth noting that the interest rate of the second mortgage product is generally higher than that of the first mortgage, if the remaining part of the mortgage loan is not much, you can consider settling the part of the mortgage (commercial loan + provident fund balance), re-do a pledge, and the annual interest can save a lot of money.

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