However, it should be noted that whether I return it in person or entrust someone else to return it for me, I must apply first, and I can only return it if the application is passed. The borrower needs to call the bank to apply for early repayment or submit a written application; Then, after the bank completes the examination and approval of the application, it will make early repayment; After depositing the money to be repaid in advance, the banking system will deduct the money.
If you repay the mortgage in advance, you can pay it off in whole or in part in advance. If you choose to pay off the mortgage in advance, you need to apply for a loan settlement certificate after paying off the mortgage, and then cancel his rights with the loan settlement certificate. If you choose to repay part of the loan in advance, you can choose to shorten the loan term or reduce the monthly payment.
Who is suitable for repaying the mortgage in advance?
1, people who have no financial awareness and ability.
If you are a person without financial awareness and ability, then Bian Xiao thinks you can repay in advance. Nowadays, if the price is getting higher and higher, it will cost a lot of money to buy an unremarkable thing, and so will the house price, which is ridiculously high. Real estate is also the only asset that has exceeded the rate of currency depreciation so far.
2. People with short mortgage repayment period.
If the person who chooses the equal principal and interest repayment method needs to pay more interest in the early stage, it is more appropriate to repay the loan in advance; Repayment to average capital can be made in advance when the interest exceeds half.
3. People who want to reinvest or mortgage their houses.
Nowadays, many people buy houses not for self-occupation, but for investment, and then sell them when the house price is relatively high, so for these buyers, I suggest you repay them in advance.