Does BOC Consumer’s Lexiangdai second mortgage have an impact on the house?

Yes. The second mortgage will be auctioned and needs to be repaid as soon as possible. If the first repayment is not made on time, the bank will notify and remind you to repay on time through phone calls or text messages, and penalty interest will be incurred; if you fail to repay three consecutive times, you will be If the bank manager calls for payment and the number of overdue payments reaches six or more times, if the bank and the borrower fail to negotiate, the borrower will be prosecuted, and then the court will force the house to be auctioned to repay the loan. The whole process takes about three months. .