First, when the lender handles the loan, the bank will cancel the pledge. For example, if it is necessary to go through the prepayment procedures, Hefei Small Loan Bank normally requires the lender to submit a written or telephone request 15 working days in advance, and the bank will accept the loan. If it is a lender who has paid off the full amount, Hefu Microfinance is prepared to make a remaining loan in the bank, so that the lender can take out the remaining money to repay the loan in advance.
Second, the bank will issue a loan settlement certificate after handling, indicating that the loan has been paid off. When handling, bring your ID card, debit card, loan contract and proof of the last month, and go to the counter to handle it, or it is best to find an account manager when lending, so that the processing speed will be faster.
Third, when banks apply for mortgage, they usually mortgage the property, and the property certificate of buyers also has a mortgage registration mark, so they cannot be listed and traded. Remember to cancel the mortgage registration in time once the mortgage is paid off. Therefore, after the loan is settled, the lender will go to the local housing management department to handle the mortgage cancellation formalities with the completed Application Form for Mortgage Cancellation, original and photocopy of ID card, real estate license (or house ownership certificate), house ownership certificate (some are deposited in the bank, some are in his own hands, if not, please consult the bank) or mortgage certificate.
Fourth, only in this way can we obtain full property rights of the house. If you don't go through the mortgage cancellation procedures, you won't get the real estate license, and the property right of the house is not your own, so you can't go public for trading or disposal. Under normal circumstances, after the loan is settled, the mortgage cancellation procedures can be handled.
In addition, if you have already gone through the guarantee procedures in the guarantee company when applying for a loan, you need to go through the guarantee cancellation procedures in the guarantee company after paying off the mortgage and before going through the mortgage cancellation procedures, and at the same time get back the guarantee deposit paid at the time of guarantee. If you buy mortgage insurance, after paying off the mortgage, don't forget to return the premium to the insurance company before going through the mortgage cancellation procedures. Mortgage insurance is a kind of insurance that buyers buy when they apply for loans from banks. According to the insurance contract, the bank is the beneficiary. During the repayment period of the borrower, if there is a fire in the house, the insurance company will pay compensation to the bank, and the insurance liability will be terminated after the loan is paid off. This kind of insurance is not compulsory by the bank, but is chosen by the borrower himself.