After the bank mortgage is paid off, the procedure to be done is to go to the bank where the loan is made, and bring valid identity documents, repayment bank cards, signed loan contracts and real estate licenses in advance. After the bank completes the mortgage and settles the certificate, let the bank stamp and sign the certificate for confirmation, and then take all the materials to the housing management department to go through the formalities of releasing the house, so that the house can truly belong to itself. After the loan is repaid, the bank will also have corresponding reminders, such as sending text messages, making phone calls and so on. In addition, the real estate license should be properly kept, and it must be available when you want to borrow it again in the future.

The bank mortgage interest rate has dropped, will the mortgage rate drop? If the bank mortgage interest rate is lowered, the mortgage will be lowered, but it will not be lowered immediately, but the new interest rate standard will be implemented at the beginning of the second year. If the loan method at that time was LPR plus benchmark interest rate, then the bank's interest rate would be adjusted every month and would change according to the central bank's interest rate cut. For users who have already made loans, the monthly payment will also change. Of course, if the benchmark interest rate of the central bank is raised, the monthly payment of the lender will also be raised. From the macro environment, the benchmark interest rate has been declining in recent years, so lenders try to choose floating interest rates instead of fixed interest rates.

What does the bank mortgage interest rate of LPR mean? Bank mortgage interest rate LPR actual quotation 18 domestic banks * * *. After the quotation, remove the highest quotation and the lowest quotation, and then take the intermediate average, which is the bank mortgage interest rate LPR. Generally, this interest rate will be announced at 9:30 on the 20th of each month, and will be postponed in case of holidays.

The above is about what procedures need to be done to pay off the bank mortgage. After paying off, you need to get the mortgage information of the house, and then you need to take all the mortgage information and go to the local housing authority to understand the mortgage procedures.