How to operate the manual repayment of mortgage?
1. Ask the lending bank if it is possible to repay the loan in advance, or make telephone consultation; If prepayment is agreed, the lender shall go to the bank with ID card (temporary residence permit is required for foreign buyers), loan contract and other documents; Fill in the application form and submit the application for prepayment;
2. According to the requirements of the bank, deposit sufficient repayment amount into the repayment account of the bank; Go to the bank to sign relevant documents; Get back the certificate of other rights, the certificate of full repayment of the loan, the original mortgage insurance contract, the relevant documents and some documents of the cancellation of the mortgage of the real estate license.
In this process, remember to get back the original insurance contract of mortgage loan. In this process, some banks played tricks and colluded with insurance companies, deliberately not giving the original insurance contract. When returning the insurance money afterwards, you need to ask the bank for the original insurance contract. The bank said you had signed it, but denied it.
What is the calculation formula of mortgage repayment?
1, mortgage interest is a kind of principal interest that buyers borrow from the bank and pay at the interest rate stipulated by the bank. Calculation formula of interest: interest = principal interest rate deposit period (time). The calculation of mortgage interest will be different because of the different loan methods and mortgage repayment methods. According to the different repayment methods of mortgage, the calculation of mortgage interest can be divided into two calculation methods: equal principal and interest and average principal.
2. Calculation principle of equal principal and interest formula: the bank first collects the interest on the remaining principal, and then collects the principal from the monthly contribution; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged. The amount of provident fund loans in cities around the country is high, which should be combined with local conditions.
3. Calculation formula of average capital; Monthly repayment amount = monthly principal+monthly principal and interest; Monthly principal = principal/repayment month; Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate. Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.