You don't need to pay back the mortgage until it comes down. If you don't get the loan, it means that the other party didn't lend money, the other party didn't fulfill its obligations, and the borrower didn't need to repay. After the loan comes down, the borrower will remit the repayment amount to the account every month, and the bank will automatically deduct it on the repayment date.

Matters needing attention in buying a house by loan

1. Don't use the provident fund before applying for a housing loan.

If the borrower withdraws the balance of the provident fund to pay the house payment before the loan, the balance of the provident fund in your personal provident fund account is zero, and your provident fund loan amount is also zero, which means that you will not apply for a provident fund loan.

2. Don't repay the loan in advance in the first year.

According to the relevant provisions of provident fund loans, the part of early repayment should be carried out one year after repayment, and the amount you return should exceed the repayment amount of six months.

Don't forget to find the bank around you if you have difficulty in repaying the loan.

Don't insist on it yourself when your solvency drops during the loan period and it is difficult to repay. ICBC customers can apply to ICBC for extending the loan term. According to our investigation, if there is no default in loan principal and interest, we will accept your application for extension.

Advantages and disadvantages of buying a house with a loan

(a) the advantages of mortgage purchase mainly include:

1. On the basis of installment payment, the mortgage loan solves the difficulty of raising a large amount of funds in a short period of time, and breaks down a large amount of funds into long-term small funds to repay the loan.

2. The down payment of mortgage loan does not occupy a lot of money, and the repayment period is long, so the limited funds can be used for multiple investments.

(B) The shortcomings of mortgage purchase include:

1, heavily in debt and under great psychological pressure. Mortgage loan to buy a house is a typical "spend tomorrow's money to do today's things", so mortgage payment is not suitable for conservative people.

2. The house bought by loan is not easy to realize quickly. Because the house itself is mortgaged, if you want to sell the house, the procedures are complicated, which is not conducive to the delisting of buyers.