If you pay off the real estate bureau in the bank, you will be released. The procedure of mortgage cancellation is to mortgage and redeem the bank during the period of housing loan, which proves that the abandonment of the bank is essential, and the relevant information will be changed and registered to ensure the authenticity and legality of housing property rights. In the process of handling the procedures for releasing custody, it is necessary to obtain the certificates of property ownership and related debt settlement required for the procedures for releasing custody.

2. Do I have to repay the loan in person?

I don't have to pay the mortgage in advance in person. If the borrower can't pay back the money in person, he can entrust someone else to do it and ask the agent to prepare their ID card, loan contract, repayment card and authorization certificate. But we need to pay attention to one thing. Whether I return it in person or entrust someone else to do it for me, I have to apply first, and I can't return it until the application is passed. Usually, loan banks have requirements on minimum repayment amount and repayment period. A considerable number of banks require that the minimum repayment amount be not less than 50,000, and they can only apply for 12 months after repayment, and they can only repay 1-2 times a year, and they need to make an appointment in advance before repayment, usually more than half a month. In addition, banks can charge liquidated damages for repaying loans in advance, which are written in these contracts, but most banks will not charge them as long as they make an appointment in advance, and different banks are different. Relatively speaking, banks tend to refuse to collect loans when they encourage you to repay loans in advance, and may collect loans when they don't encourage you to repay loans in advance. The initiative is in their hands. What about the formalities of repaying the loan in advance? If only part of the loan is repaid in advance, you only need to deposit the money that needs to be repaid in advance into the bank card according to the procedure, then make an appointment with the bank, submit the corresponding information and call your loan manager directly. Usually it can be done within one month. If you pay off all the loans, you need to go to the real estate trading center to cancel the mortgage as shown in Figure 2. All the property rights of this suite are yours. Benefits of repaying the loan in advance: saving interest and reducing the pressure of monthly payment. Disadvantages of repaying the loan in advance: if the loan is not repaid, the money can be used for other purposes, such as investment, and some investment opportunities are lost. Suitable for people who repay loans in advance: Without suitable investment channels, the interest earned by not repaying loans in advance is not as much as that saved in advance. People who are quite sensitive to debt don't like debt and relieve their psychological pressure. At present, this property has other uses after the mortgage is lifted, for example, you need to sell the house or use this house as a mortgage investment. Not suitable for people who repay the loan in advance: You have better investment channels to earn more money than the loan interest, especially for these people who originally had low interest on provident fund loans. Generally speaking, when the repayment method of equal principal and interest has been repaid by half and the average capital has been repaid by one third, it is really unnecessary to repay the loan in advance, because the interest saved is quite limited.

Third, after the mortgage is paid off, do I have to pledge it myself?

Yes, I need to take the relevant documents to the bank to decompress.