1. Yes.

2. If the balance of mortgage deduction is insufficient, a second deduction will be made. Generally, the loan bank will automatically deduct the monthly payment from the borrower's repayment bank card on the loan repayment date. If the first deduction amount is If it is insufficient, a second deduction will be made until the monthly payment amount for that month is fully deducted. If the amount deducted on that day is less than the monthly payment for the current month, the bank will usually remind the lender via text message.

3. The impact of overdue monthly mortgage repayments:

1) Penalty interest and late fees will occur. If the monthly mortgage repayments are overdue, the bank will generate corresponding penalties based on this behavior. As for penalty interest, major banks will basically charge an additional 30-50% as penalty interest based on the original loan interest rate. Late payment fees refer to the extra money you need to pay if you don't pay your mortgage within a certain period. Under normal circumstances, if the balance is paid within 7 days, no late payment fees will be incurred. Once the 7 days are exceeded, the bank will charge further late payment fees on top of penalty interest.

2) Personal credit is damaged. If the monthly mortgage payment is overdue, the bank will include the overdue situation in the central bank's credit reporting system. Overdue records entering the credit reporting system will have a serious impact on future applications for credit cards or loans. For example, future loan limits will be much lower.

3) Those with serious circumstances may face lawsuits from the bank. If the mortgage loan is not repaid for more than three months, the bank will file a lawsuit in court according to the relevant terms of the contract. At the same time, the court will take property preservation and other measures to freeze all deposits in the bank accounts of the lender and guarantor and seize their mortgaged properties. After the judgment, the court will deduct deposits and auction collateral to repay the bank's loan losses.

Remedies for overdue mortgages

1) The most important measure for overdue mortgages is to repay the loan immediately, and you can communicate with bank staff over the phone to discuss overdue issues.

2) If you can no longer repay the loan on time, you should immediately apply to the bank to extend the loan term.

3) The bank will determine the extension time based on your loan term: the extension time for short-term loans cannot exceed the original loan term, the extension for medium-term loans will not exceed half of the original loan term, and the extension for long-term loans It cannot exceed three years.

4) If a housing loan is overdue, the lending bank will see the overdue information as soon as possible, whether it is a commercial loan or a provident fund loan.

5) Even if you are overdue for one day, some strict banks will also enter the overdue information into the central bank's credit reporting system. The credit reporting system will have overdue records. It will be very troublesome to apply for a credit card or loan in the future, even if If you can get a loan approved, the loan amount will be much lower.

Note: In order to avoid overdue payment, it is best to recharge the card with sufficient amount at one time. When you find that the debit balance is insufficient, you must make up the difference in time. It is best to contact the bank to explain the situation to avoid overdue payment.