1. After the mortgage is paid off, it is necessary to go through the house loan settlement procedures and ask the borrower to provide the house loan settlement certificate for future procedures. After completing the settlement procedures of the house loan, you need to bring your ID card, loan settlement certificate and other documents to the housing management department to go through the formalities of dissolving the house property, because only after going through the formalities of dissolving the house property can you transfer the house property to your own name and truly own the ownership of the house property.

2. Legal basis: Article 563rd of the Civil Code of People's Republic of China (PRC).

In any of the following circumstances, the parties may terminate the contract:

(a) the purpose of the contract cannot be achieved due to force majeure;

(two) before the expiration of the time limit for performance, one party clearly indicated or indicated by his own behavior that he would not perform the main debt;

(three) one party delays the performance of the main debt and fails to perform it within a reasonable period after being urged;

(4) One of the parties delays the performance of debts or commits other breach of contract, which makes it impossible to achieve the purpose of the contract;

(5) Other circumstances stipulated by law.

For an indefinite contract whose content is to continue to perform debts, the parties may terminate the contract at any time, but they shall notify the other party before a reasonable time limit.

2. What are the procedures for handling mortgage loans?

1. Sign a house purchase contract with the developer;

2. Pay the down payment, and pay attention to keeping the receipt of the down payment;

3. Fill in the personal housing loan application form in the bank;

4. Banks review mortgage applications. The bank's credit staff will review and approve the materials submitted by the applicant step by step. If it is considered to meet the conditions of bank loans, the applicant shall be notified to sign a personal housing mortgage loan contract, and the contract period shall not exceed 30 years.

5. Go to the Housing Authority to apply for the certificate of other rights of the house, which proves that the house has the mortgage right of the bank. Go to the notary department for notarization of property right mortgage. Go to the insurance company for home insurance;

6. Open an account. Customers who choose entrusted deduction for repayment need to sign an entrusted deduction agreement with the bank, and open a special savings passbook account, savings card or credit card account for repayment at the business outlets designated by the lending bank. At the same time, the seller shall open a settlement account or deposit account with the loan bank;

7. Recover the loan. With the consent of the lending bank, the lending bank will directly transfer the loan to the deposit account opened by the borrower in the lending bank, or transfer it to the deposit account opened by the seller in a lump sum or in installments according to the loan contract;

8. Repay as agreed. The borrower must repay the principal and interest of the loan according to the repayment plan and repayment method agreed in the loan contract, otherwise the bank can recover the house according to law;

9. Repay the loan. After the loan principal and interest are settled, the mortgage registration is cancelled, and the buyer becomes the real owner of the house.