The real estate certificate cannot be obtained until the mortgage loan is paid off. The real estate certificate can be obtained after the mortgage of the house is completed. Although the mortgage loan is a mortgage of the real estate, the mortgage in the bank is other certificates, so the real estate certificate The certificate can still be used freely by home buyers. After repaying the loan, you can go to the bank to settle the loan and get back the other warrants.
What are the uses of the property rights certificate?
1. The property rights certificate is a legal certificate issued by the property registration authority to the mortgagee or mortgagee and other rights holders. The certificate of other rights to the house shall be collected by the other rights holder. The rights holders of other rights exercise other rights in accordance with legal documents and are protected by state law.
2. Other warrants are the mortgage certificate of the house. When the borrower uses the house as a mortgage loan, he needs to mortgage his other warrants to the lender! It can be returned to the lender after the loan is paid off. of the borrower.
Personal house mortgage release process
1. First, the loan needs to be settled. After the borrower has settled the mortgage, he will take the loan settlement notice issued by the bank and go to the Provident Fund Center to issue the "About Us" Notice of Lifting the Property Mortgage.
2. The second step is to obtain the certificate of other rights. The borrower should go to the provident fund center with a valid ID card and the release procedures to receive the certificate of other rights of the house and the notice of release.
3. Finally, you need to go through the mortgage release procedures. The borrower should go to the original mortgage registration department to handle the property release procedures with his valid ID card, other rights certificates, real estate certificate, repayment certificate and other documents.
4. If you do not choose to use the buyer’s down payment to release the mortgage, it means that you need to choose one of two methods: borrowing from an intermediary to release the mortgage or borrowing from a guarantee company, but I have to remind you that you must find a regular company, otherwise it will be very troublesome to be charged excessively and get involved in lawsuits.
5. According to the "Security Law" and the "Real Estate Mortgage Management Regulations", the real estate mortgaged must obtain the consent of the mortgagee (that is, the bank) before it can be transferred or leased. In other words, before you transfer the property that is being mortgaged, you must first obtain the bank's consent, otherwise you cannot buy or sell it. Sign the contract carefully and understand the contents of the contract.
6. Banks generally require borrowers to submit written or telephone applications 15 working days in advance. Banks must review and approve the borrower's mortgage repayment application after receiving it. After settlement, the bank will issue a settlement certificate and return other rights certificates. To decompress, you only need to go to the local construction committee to apply. When there are many people, you need to queue up. Therefore, the bank loan repayment and mortgage release cycle takes at least a week.