The process of releasing the mortgage after the housing loan is paid off

The process of releasing the mortgage after the housing loan is paid off is as follows:

1. The loan is settled. After the borrower's loan is settled, bring the loan settlement notice issued by the bank to the loan management department or branch center to issue a "Notice on Lifting the House Mortgage" in triplicate. One copy will be retained by the loan center and the other two copies will be handed over to the borrower; < /p>

2. Receive the "Other Property Rights Certificate". The borrower takes his or her ID card and the mortgage release procedures to the loan department or branch center of the loan center to receive the "Other Property Rights Certificate" and the "Release Notice" issued by the transaction center;

3. Handle the mortgage release . With the above procedures, the borrower goes to the Municipal Property Rights Trading Center to handle the release procedures for the mortgaged property.

Notes on early repayment of mortgage loans:

1. The time allowed by banks for early repayment varies. Most banks require at least one year of repayment before you can apply for early repayment. , but some banks have stated that you can apply for early loan repayment at any time. Among state-owned banks, Bank of China and China Construction Bank need to repay the loan for one year before they can apply for early repayment, and ICBC needs half a year before they can apply for early repayment;

2. Banks’ interest adjustment cycles are different. Generally, the mortgage period They are all more than 10 years ago. During this cycle, it is inevitable for the central bank to adjust interest rates, and the timing of interest rate adjustments by various banks is also inconsistent. Most Chinese banks such as ICBC, Agricultural Bank of China, China Construction Bank, etc. generally adjust the new repayment interest based on the latest central bank benchmark interest rate on January 1 of each year;

3. Don’t forget to cancel the mortgage registration after paying off the mortgage. , don’t forget to cancel the mortgage registration after repaying the mortgage early. Whether the loan is repaid within the contract period or early repayment, citizens should not forget to cancel the mortgage registration after the loan repayment is completed.

How to register for mortgage release after the loan is repaid?

The following procedures need to be completed:

1. Go through the cancellation procedures of the house mortgage with the lending bank.

2. Go through the refund procedures for the corresponding insurance premiums with the insurance company.

3. Go through the deposit refund procedures with the developer (if any). If you have already applied for a real estate certificate during the loan period, you only need to bring the bank's cancellation form, other rights certificates and ID cards to the window of the Housing Management Office of the Administrative Service Center.

If you have not applied for a real estate certificate, and after the loan repayment is completed, take the bank's cancellation form to the window of the housing management office to cancel it, and then apply for the real estate certificate, you must bring the following information:

1. Property rights Copy of ID card or household registration booklet, household registration certificate and private seal of the person and ***.

2. House purchase contract (original).

3. There is a copy of the deed.

4. House purchase invoice and copy.

5. House ID and copy.

In addition, after the bank loan is repaid, you can go to the bank to issue a loan settlement certificate. Different banks have different time limits for obtaining the settlement certificate. Generally, it takes about a week, and Minsheng Bank can get it in 5 working days. It may take ten days and a half months at a slower time. Bank loan settlement certificates generally have two uses: one is to prove that the loan has been repaid and reduce personal debt ratio; the other is to release the loan mortgage. Three working days after the housing provident fund personal loan is paid off, the borrower can go to the bank to get the settlement certificate; within seven to 15 working days after the commercial loan is paid off, the borrower can go to the bank to get the settlement certificate. When printing the settlement certificate, the borrower should bring his or her ID card and loan contract. When the bank loan is repaid, the borrower can go to the relevant bank to issue a loan settlement certificate. Different banks have different times for obtaining the settlement certificate. Generally, banks stipulate that after the borrower repays the loan, he must go to the bank to obtain the settlement certificate within seven working days. Some banks also stipulate that after the borrower repays the loan, he must go to the bank to obtain the settlement certificate within fifteen working days. The borrower can contact the customer service of the relevant bank to inquire about the specific time for receiving the settlement certificate. The borrower should mainly follow the time specified by the bank. The borrower can use the loan settlement certificate to go to the local housing management bureau to handle the mortgage release registration procedures for the real estate certificate. The borrower can also use the loan settlement certificate to go to the corresponding insurance company to handle the surrender procedures. If the borrower does not get the loan settlement certificate within the specified time, he needs to ask the bank for the loan settlement certificate. The settlement certificate can only be obtained after repayment. The bank is a formal financial institution, and there is no such thing as an intermediary to quickly obtain the settlement certificate. The borrower still needs to go to the relevant bank and obtain the settlement certificate in accordance with the formal procedures.

I would like to remind everyone that you generally cannot get the bank settlement certificate immediately after paying off the debt, and do not trust the intermediary to help you get it immediately. This is all to defraud you of handling fees.

How to cancel the mortgage after the mortgage is repaid

After the mortgage is repaid, the customer must first go to the loan handling bank to apply for a loan settlement certificate and get back his items. Warrants, get the "Real Estate Mortgage Cancellation Application Form" and the "XX City Public (Private) House Mortgage Cancellation Registration Application Form" stamped by the bank and sign them. Then bring the relevant information to the housing authority to cancel the mortgage registration. The customer only needs to hand over the information to the staff, and the staff will review the information and release it on the spot after confirming that it is correct. The documents that customers need to bring when going through the mortgage repayment procedures include, in addition to the loan settlement certificate issued by the bank, the other warrants obtained, the "Real Estate Mortgage Cancellation Application Form", and the "XX City Public (Private) House Mortgage Rights" In addition to the "Application for Cancellation of Registration", there are also personal ID cards, house property rights certificates, "XX City Real Estate Mortgage Contract", state-owned land use certificates, etc. If the client does not handle the mortgage deposit himself but entrusts someone else to handle it, the trustee will need to bring his or her ID card and a power of attorney issued at a notary office in addition to the above information.

The mortgage release process after paying off the mortgage

1. The user must have a settlement certificate to prove that he has paid off all the loans.

2. Users must prepare cancellation information. Generally, all they need is their ID card and settlement certificate.

3. When users go to the bank to apply, they should also remember to bring their information. Oral administration is usually sufficient.

4. Staff need to enter information into the system and help with reservations and procedures.

5. The staff of the Housing Authority need to check and confirm that there are no problems before they can help with the mortgage cancellation procedures. At the same time, you can also get the real estate certificate back.

Extended information:

Housing loan, also known as housing mortgage loan, is a housing mortgage loan application form filled out by the buyer to the lending bank, including ID card, income certificate, and house sales contract. , guarantee documents and other supporting documents required by legal documents. After passing the review, the lending bank promises a loan to the buyer, and handles real estate mortgage registration and notarization based on the house sales contract provided by the buyer and the mortgage loan contract signed between the bank and the buyer. The bank will directly allocate the loan funds to the sales unit within the period specified in the contract.

Loan interest common sense

(1) The interest rate conversion formula for RMB business is (note: common for deposits and loans):

1. Daily interest rate (0/000 )=annual interest rate (%)÷360=monthly interest rate (‰)÷30, monthly interest rate (‰)=annual interest rate (%)÷12

(2) Banks can adopt the cumulative interest calculation method and the gradual interest calculation method. Interest is calculated using the pen interest method.

1. The account balance is accumulated based on the actual number of days, and the accumulated amount is multiplied by the daily interest rate to calculate interest. The interest calculation formula is: interest = accumulated interest accumulation × daily interest rate, where accumulated interest accumulation = total daily balance.

2. The interest calculation method is to calculate the interest one by one according to the predetermined interest calculation formula: interest = principal × interest rate × loan term.

There are three specific points: If the interest calculation period is a whole year (month), the interest calculation formula is as follows: ①Interest = principal × number of years (months) × annual (month) interest rate. If the interest calculation period is a whole year (month) and a few days, the interest calculation formula is: ②Interest = principal × number of years (months) × annual (month) interest rate principal × number of decimal days × Daily interest rate. At the same time, banks can choose to calculate interest by converting the interest calculation cycle into actual days, that is, 365 days per year (366 days in leap years), and each month is the actual number of calendar days in the month.

The interest calculation formula is: ③Interest = principal × actual number of days × daily interest rate. These three calculation formulas are essentially the same, but since the interest rate conversion only takes 360 days in a year, when calculating the actual daily interest rate, it takes 365 days in a year, and the result will be slightly biased. According to which formula, the central bank gives financial institutions the right to choose. Therefore, the parties and the financial institution can stipulate this in the contract.

(3) Compound interest: Compound interest refers to charging interest at a certain interest rate. According to the central bank regulations, if the borrower fails to repay the interest within the time stipulated in the contract, compound interest will be charged.

(4) Penalty interest: If the lender fails to repay the bank loan within the specified period, the penalty interest charged by the bank to the defaulting party according to the contract signed with the party is called bank penalty interest.

(5) Overdue loan penalty: The same nature as penalty interest, a penalty measure for the defaulting party.

(6) Formulation and filing of interest calculation methods