1, average capital repayment method

The basic algorithm principle of the average capital repayment method is to repay the loan in equal amount on schedule within the repayment period, and pay off the loan interest generated by the outstanding principal in the current period, which can be repaid monthly and quarterly.

2. Equal principal and interest repayment method

If the term of mortgage loan for individual house purchase is more than one year, the repayment method is equal principal and interest repayment, that is, from the second month of using the loan, the loan principal and interest will be repaid in equal amount every month.

3. One-time repayment of principal and interest

According to the relevant regulations of major banks, if the loan term is within one year (including one year), the repayment method is one-time repayment of principal and interest, that is, the initial loan principal plus the interest of the whole loan period is comprehensive.

Extended data:

It is stipulated that house mortgage is the joint mortgage of house and land, only to solve the conflict of interests when land use right and house ownership belong to different rights holders, but not to forcibly expand the effectiveness of mortgage.

When auctioning mortgaged land use right and house ownership due to the realization of mortgage, house ownership and land use right can be auctioned together, but the effectiveness of mortgage cannot reach the part that is not agreed upon, and the mortgagee cannot take precedence over the part that is not agreed upon.

Article 195 of the Property Law of People's Republic of China (PRC): If the debtor fails to perform the due debt or realize the mortgage right according to the agreement of the parties, the mortgagee may agree with the mortgagor to discount the mortgaged property or give priority to compensation with the price of auction or sale of the mortgaged property.

If the agreement harms the interests of other creditors, other creditors may request the people's court to cancel the agreement within one year from the date when they know or should know the reasons for cancellation. If the mortgagee and the mortgagor cannot reach an agreement on the way to realize the mortgage, the mortgagee may request the people's court to auction or sell the mortgaged property. Where the mortgaged property is discounted or sold, it shall refer to the market price.

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