After paying off all the loan principal and interest, you can go to the lending institution to handle the house ownership certificate and the loan settlement certificate. Cancel the mortgage in the district and county real estate trading center where the property is located. Just bring your ID card to the loan bank. Different loan products issue different loan settlement certificates, and different banks have different regulations on loan settlement certificates. Loan settlement includes normal settlement and early settlement. Different loan settlement methods have different loan settlement certificates.

For those with shorter repayment period, the average capital is the first third of the repayment period. If the principal and interest are repaid in advance, the intermediate repayment period can be chosen, but it cannot exceed 7 years, and the earlier the repayment, the more cost-effective. Without any financial ability, people who can't invest in financial management except bank deposits can consider paying off their mortgages in advance, because the mortgage interest rate is still higher than the deposit interest rate. People who want to use the house as collateral can settle the mortgage in advance. In this case, the borrower must have more suitable investment channels without worrying about a little interest loss.

After the mortgage is paid off, the borrower needs to take the initiative to go to the bank to ask for the loan settlement certificate and go to the housing management department to cancel the mortgage. If the borrower does not take the initiative to find the bank, the bank will not take care of your business. I see that the loan has been paid off for more than five years, and the borrower has not cancelled the mortgage. Then I remembered that I didn't go through the cancellation procedure because I needed to sell it. At this point, because of the long time, the agent was transferred and it was difficult to find the file. It will be very troublesome to apply for this residence certificate again.

After the mortgage of CCB is paid off, it is necessary to go through the formalities of loan settlement certificate and property mortgage cancellation. Proof of loan settlement is required for mortgage cancellation. After paying off the mortgage, the borrower will bring the loan contract, ID card and other materials to the CCB outlets and ask the staff to issue a settlement certificate for you. After obtaining the loan settlement certificate, the borrower needs to go through the mortgage cancellation procedures at the department that handles the real estate mortgage. After cancellation, the borrower's house is no longer mortgaged.