After the mortgage is paid off, the bank will usually give his certificate to the customer. If the customer mortgages the real estate license in the bank when handling it, the bank will return the real estate license to the customer. But many banks don't need to mortgage real estate licenses. Generally, it is only necessary to indicate the mortgage on the real estate license, and the real estate license will be kept by the borrower himself. After the customer takes back his property right certificate or mortgaged property right certificate from the bank, he can go to the Housing Authority to handle the mortgage formalities with these documents, his ID card and the loan settlement certificate. After the mortgage is released, those who have mortgage-related insurance will surrender their insurance, and those who have paid the deposit at the real estate developer will return the deposit. After these procedures are completed, the ownership of the house truly belongs to the customer. It is also after this that customers can add and subtract names, transfer ownership and so on on the real estate license.

How to solve the mortgage after the mortgage is paid off?

After paying off the mortgage, it is usually cancelled in 1-2 weeks. If the borrower's property is in the process of mortgage repayment, it can't be used for mortgage loan before the loan is paid off, because the borrower has mortgaged the real estate license to the bank during the mortgage loan process, and the property belongs to the bank before the loan is paid off. Without the title certificate, the borrower can't handle the mortgage registration of the property, so he can't handle the mortgage loan. Pay off the mortgage, release the mortgage:

1. loan settlement. After the borrower's loan is settled, he shall present the loan settlement notice issued by the bank to the management department and the sub-center to issue the Notice of Cancellation of Real Estate Mortgage in triplicate, one of which shall be kept by the center and the other two shall be handed over to the borrower.

2. Obtain the Property Ownership Certificate. The borrower holds his/her ID card and goes to the central personal loan department and sub-center to get the real estate license and the notice of mortgage cancellation issued by the central personal loan department, sub-center and trading center.

Third, we must understand the charges. With the above procedures, the borrower goes to the property rights trading center of the city to handle the mortgage cancellation procedures.