We know that when there is no money, the amount of applying for real estate mortgage loan is relatively large, so it is favored by many people. However, due to many uncertainties in the future, mortgage loan is likely to occur. So how to handle the house mortgage loan? What if the mortgage on the house is not paid? Next, I will give you a brief introduction.
How to apply for a house mortgage loan
1. Apply. The lender submits a loan application to the lending institution, and fills in the application form and other materials, and indicates the purpose, amount and loan period of the loan.
2. Prepare materials. The lender shall prepare all the materials and certificates required for applying for a loan according to the requirements of the lending institution, including the lender's ID card, household registration book, income certificate, marriage certificate, house ownership certificate and other materials.
3. Evaluate and review loans. The lender, the borrower and the third party of the relevant institutions go to the housing office together to conduct on-the-spot investigation and evaluation of the mortgaged house and verify the approximate value of the house. The Lender submits all loan application materials and evaluation reports to the Lender for approval, and the Bank Lender checks to see if it meets the loan conditions.
4. Notarization. After the lender and the mortgagor fill in the loan contract and other materials, and finally sign and press the fingerprint to confirm, the notary will notarize the loan contract.
5. mortgage. The borrower shall go through the house mortgage registration formalities at the house registration center with the house property certificate and the notarized loan contract.
6. Lending money. The lender opens a special repayment account and the borrower lends money to the account. In the end, the procedures for the lender to use the self-owned house mortgage loan have all been completed, and the lender has successfully obtained the money.
what should I do if the mortgage loan is not paid
1. Apply for extension
If the cash flow is really poor and you can't pay back the money temporarily, you can apply to the bank for a grace period. Generally, if the situation is true, the bank will agree to extend the repayment date to a certain period.
2. Borrow money from relatives and friends to repay the loan
If you are in financial difficulties but don't want the house to be auctioned, you can borrow money from relatives and friends to repay the bank loan first. Relatives and friends may help more or less in terms of human feelings.
3. Collateral is auctioned
If all means are exhausted and the loan cannot be repaid, the bank has to auction the house. Usually, the value of the auction house will be lower than the market price, and the proceeds will be given priority to repay the loan, and the rest will be returned to me. Therefore, don't go to the auction of houses until the end.
the above is how to handle the house mortgage loan. The mortgage loan of the house is not enough. Borrowers with insufficient repayment ability can choose to seek help from other lending institutions when the loan is about to expire. If the amount is small, they can consider applying for unsecured loans. If the amount is large, you can ask the guarantee company to help you pay off the balance, remove the mortgage of the house, and then apply for a new loan from the bank.