The purchase of property is now generally subject to bank mortgage loans and, in the case of difficult repayments, some methods can minimize the impact. So, have you ever wondered whether mortgages in a bank house can be used again for loans? I'll take a look at it。

Can you refinance the mortgage

First of all, let's talk about your possible question: "I've mortgaged the house, can I borrow it again? The answer is yes. However, I have to tell you that not all banks accept secondary mortgages. So what you need to do is look at which banks and lending companies allow you to do this. Then we'll compare the institutions that allow second mortgages and find out which one is best for you. As for how much you can get, it depends on the value of your house and your personal combined qualifications, of course, you deduct the outstanding portion of the original loan。

Then, if you choose to re-loan, you must pay attention to the following:

1. Select the right paragraph from among the many loan companies and products according to their own circumstances and needs. The assessment involves factors such as interest rates, duration, costs and services, and selects the most cost-effective option that best meets its own needs。

Repayment in good faith, in accordance with the terms of the contract, to pay the principal and interest at regular intervals to avoid expiry or default. Because in such a case, you may have to face the consequences of a penalty, a kickback, a deterioration of credit or an auction。

This is all about mortgages, and I hope the information I have provided will help you. Thank you for your reading。