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.
Why is the mortgage overdue?
1. If the mortgage cannot be repaid on schedule according to the original repayment plan, you can apply to the bank for extending the loan term. As for the extension time, the bank also stipulates that the extension period of short-term loans shall not exceed the original loan term, the extension period of medium-term loans shall not exceed half of the original loan term, and the extension period of long-term loans shall not exceed three years.
2. If the buyer can't repay the mortgage on time due to unexpected events, he can apply to the loan bank for loan extension 30 days in advance. After the bank verifies that it is correct, it will appropriately extend the mortgage term and reduce the monthly payment. At present, you can apply for many bank loans. When the borrower cannot repay the loan, he can temporarily explain the situation to the bank and apply for deferred repayment. The extension period can be decided by the borrower, but there is a maximum period limit, and the extension can usually only be applied once or twice.
3. If you really can't repay the mortgage, you can ask your relatives and friends for help, temporarily solve the dilemma, and try not to default on the mortgage. If you default for a long time, the house is likely to be auctioned.
There is a little knowledge about how to operate the manual repayment of mortgage and how to repay overdue mortgage. I hope I can help you. In case of overdue mortgage, all of us must return it in time, otherwise it will affect your credit and house, and we should explain it to the bank in time.