Mortgage decompression process:

1. If it is necessary to settle the loan, after the borrower has settled the mortgage, he will issue the Notice of Cancellation of Property Mortgage to the Provident Fund Center with the loan settlement notice issued by the bank;

2. That is, to obtain the certificate of other rights, the borrower shall obtain the certificate of other rights and the notice of mortgage cancellation at the provident fund center with his valid ID card and mortgage cancellation procedures;

3. It is necessary to go through the formalities of understanding the mortgage, and the borrower shall go through the formalities of canceling the mortgage at the original mortgage registration department with his valid ID card, certificate of other rights, real estate license, repayment certificate and other materials;

If you don't choose to use the buyer's down payment to understand the mortgage, it means that you need to choose one of two ways: borrowing from the intermediary and borrowing from the guarantee company to solve the mortgage. But I have to remind you, you must find a regular company, or it will be a trivial matter and very troublesome to be overcharged.

5. According to the Regulations on the Administration of Real Estate Mortgage, the mortgaged real estate can only be transferred or leased with the consent of the mortgagee (that is, the bank). In other words, before you transfer the mortgaged property, you must first obtain the consent of the bank, otherwise you can't buy or sell it. If you sign the contract seriously, you must know the contents of the contract.

6. The bank generally requires the borrower to submit a written or telephone application 15 working days in advance, and the bank will examine and approve the borrower's mortgage repayment application after receiving it. After settlement, the bank will issue a settlement certificate and return his right certificate. Decompression only needs to be handled by the local construction Committee, and it needs to be queued when there are many people. Therefore, it usually takes about a month for banks to repay loans and mortgage loans.

Pay attention to the issuance of real estate licenses:

1. Mortgage cancellation means going to the Housing Authority to go through the mortgage cancellation procedures of other rights of the real estate license and get the real estate license back. After the mortgage loan is paid off, the commercial loan house mainly goes to the trading hall to cancel the mortgage with the loan settlement certificate (A4 paper) issued by the bank and the certificate of other rights of real estate, without charging any fees;

2. In addition, homeowners with mortgage loans have obtained real estate licenses, and they should also go to the Housing Authority to handle mortgage cancellation procedures with real estate licenses. As for the use of provident fund loans, it is necessary to go through the mortgage cancellation procedures in the trading hall after the repayment is over and the provident fund center issues the repayment certificate;

In addition, if the lender repays the loan in advance, it can also refund part of the insurance premium to the insurance company. Generally, when applying for a mortgage loan, you should pay the insurance premium for as many years as possible. If the loan is repaid in advance, for example, after 20 years, the remaining 15 years of insurance premium will be refunded.

To sum up, the real estate can't be used for mortgage loan before the loan is paid off, because the real estate license has been mortgaged to the bank when the user declares the mortgage loan, and the real estate belongs to the bank before the loan is paid off.

Legal basis:

Article 143 of the Civil Code of People's Republic of China (PRC)

A civil juristic act that meets the following conditions is valid:

(1) The actor has corresponding capacity for civil conduct;

(2) the meaning is true;

(three) does not violate the mandatory provisions of laws and administrative regulations, and does not violate public order and good customs.