Extend the loan term

Mr. Li bought a second-hand house and applied for a mortgage loan of 10 and 200,000 yuan from Bank of Communications. The monthly repayment amount exceeds 2 100 yuan. Mr. Li feels that although life is a little tight, he can still cope. Two years later, his wife lost her job and the pressure of family expenses became even greater, so he applied to the bank for an extension of the loan period. With the approval of Bank of Communications, the loan term of Mr. Li was extended to 15, and the monthly repayment amount exceeded 1500 yuan. Mr. Li's monthly repayment pressure is greatly reduced. Of course, after extending the loan period, Mr. Li needs to pay an extra interest of 30 thousand yuan during the whole loan period.

1. The borrower shall repay the mortgage loan in full and on time;

2. If the borrower suffers from serious illness or major changes in work or family, the borrower shall provide corresponding certificates.

3. The extended loan period (including the borrowing period) shall not exceed 30 years at the longest (the second-hand house shall not exceed 20 years).

Operating process: (1) When the borrower applies to Bank of Communications for extending the loan term, it shall also provide the following materials:

1, original house mortgage loan contract;

2. Original certificate of immovable property right of the purchased house (if any).

(2) After the examination and approval by Bank of Communications, the relevant parties sign the Change Agreement.

(3) Notarization of change agreement.

(4) go through supplementary insurance procedures.

(five) to go through the registration formalities for the change of loan term.

Can the repayment period of the completed housing loan be extended?

The longest mortgage period of general commercial housing can reach 30 years, but a large part of them have not chosen such a long period. Therefore, once there is a shortage of funds, the loan period can be extended to save the emergency. Generally speaking, as long as the customer applies, the loan term can be extended, and this procedure will charge a small fee. Different banks charge different fees, generally ranging from 200 yuan to 500 yuan.

However, the demand reminds that after the loan term is extended, the mortgage interest rate will be raised to the level of extending the term accordingly. In addition, for ordinary self-occupied users, it is indeed possible to save the emergency by extending the mortgage period. For example, from 20 to 30 years, the monthly mortgage fee can be changed from 6,000 yuan to 4,000 yuan, and the burden is reduced; But for speculators, it is likely that the mortgage year has been limited to the longest limit at the beginning, and there is no room for further change.

Can mortgage extend the repayment period?

Generally speaking, the longest term of commercial housing mortgage loan can reach 30 years, but a large number of people do not choose such a long term, so once there is a shortage of funds, they can take the method of extending the loan term to save the emergency. Generally speaking, as long as the customer applies, the loan term can be extended, and this procedure will charge a small fee. Different banks charge different fees, generally ranging from 200 yuan to 500 yuan.

However, the demand reminds that after the loan term is extended, the mortgage interest rate will be raised to the level of extending the term accordingly. In addition, for ordinary self-occupied users, it is indeed possible to save the emergency by extending the mortgage period. For example, from 20 to 30 years, the monthly mortgage fee can be changed from 6,000 yuan to 4,000 yuan, and the burden is reduced; But for speculators, it is likely that the mortgage year has been limited to the longest limit at the beginning, and there is no room for further change.

Can I apply to the bank for an extension of the loan period?

Hello! You and the loan bank have agreed on the loan term and interest rate. If you unilaterally propose to change the loan term, as long as the loan bank agrees, so will shortening the loan term in the future.

I. Extending the loan term shall meet the following requirements:

1. The borrower shall repay the mortgage loan in full and on time;

2. If the borrower suffers from serious illness or major changes in his work or family, the borrower shall provide corresponding certificates.

3 The longest extension of the loan term (including the borrowed period) shall not exceed 30 years (the second-hand house shall not exceed 20 years).

Second, the operation process:

(1) When applying to Bank of Communications for extending the loan term, the borrower shall provide the following materials:

1. Original house mortgage loan contract

2. Original certificate of immovable property right of the purchased house (available).

(2) After the examination and approval by Bank of Communications, the parties concerned shall sign a change agreement.

(3) Notarization of change agreement.

(4) go through supplementary insurance procedures.

(5) Handling the formalities for changing the loan term.

Can the loan period of the bank be extended?

No, you can only lend it out.

Can I apply for an extension of the mortgage term?

It should be possible. As long as you go to the bank where you borrowed the loan, the bank will agree, because you have to pay more interest than before, and the bank will basically handle it for you. You should consult with the bank about how long you need.

Excuse me, can the term of ICBC mortgage be extended?

You can apply for an extension, but in your case, it seems that it has nothing to do with the fluctuation of the loan. If you want to reduce your monthly payment, you must reapply for a loan and re-select the loan term. Now the loan interest rate is rising.

Can I extend the term of mortgage loan in CCB?

You can't. According to the relevant provisions of China's loans, the longest extension period of long-term loans is 3 years, and you can't extend them for 20 years. In this case, the best way is to find a way to pay off the loan first and then apply for a new 20-year loan.

Can I apply for a mortgage extension at CCB?

You can apply to the bank and the bank will tell you the specific procedures! Charging more interest is what banks want. I hope you can borrow more time. The longer the loan time, the easier it is for banks to pass the audit!

Excuse me, can the mortgage loan for buying a house extend the loan life?

If a mortgage contract has been signed, it will definitely not work.

Because the guarantee fee you sign and pay at the same time is paid according to your loan amount and life, the bank will only accept prepayment or shorten the loan period to reduce its own risk, but will not accept extension and increase the loan amount.

Banks are the most restrained.