;When applying for a mortgage, once the application is reviewed and approved, the lender will be contacted to come to the bank to sign a loan contract. The loan contract will have corresponding liability for breach of contract and consequences. This is the bank's way of protecting itself. Rights and interests are formulated, so the specific terms will be more beneficial to the bank. If the mortgage loan is cut off, the bank will generally make the following decisions based on the signed loan contract.

1. Contact the lender to remind you of repayment. Within 1-2 months before the mortgage payment is cut off, the bank will first notify you by phone to inform you of the overdue interest and corresponding penalty interest or liquidated damages, and remind you to repay as soon as possible. The payment will be made up, and then it will be truthfully fed back to the central bank's credit reporting system, leaving an overdue record on the personal credit report, which will not disappear for 5 years.

2. Take the initiative to terminate the loan contract. Generally, if the arrears have not been paid for 3 months, the payment continues to be cut off, or the total payment cutoff reaches 6 months, the bank has the right to take the initiative to terminate the loan with the lender. Contract, and operate in accordance with the handling methods stipulated in the contract, inform the lender of the corresponding liability for breach of contract and pursue compensation.

3. Banks generally win when they file a lawsuit in court. After the court's decision, the mortgaged property will be forcibly auctioned or sold to repay the mortgage arrears. If the loan is repaid, If there is any surplus, the balance will be returned to the lender. If the funds obtained from the auction are not enough to repay the loan, you can continue to pursue the remaining arrears from the lender, such as forcibly disposing of the lender's other properties until it is repaid. The above is the relevant content about "how the bank will handle after the mortgage loan is terminated". It is recommended to repay the loan on time and ensure that the balance on the bank card for loan repayment is sufficient to avoid the above consequences.