1. Mortgage early repayment process

1. The borrower first checks the requirements for early repayment in the loan contract and pays attention to whether early repayment requires liquidated damages;

2. Call the lending bank to inquire about the early repayment application time, required information, etc.;

3. Follow the requirements of the lending bank to submit an early repayment application to the relevant department;

4. The borrower brings relevant information to the lending bank to handle early repayment procedures;

5. Deposit the early repayment amount into the repayment account and wait for the bank to deduct it, or carry it directly Repay in cash to the loan bank.

2. Procedures required after early repayment of the loan

1. Release the mortgage of the house

Have complete property rights. The borrower must bring the real estate certificate, settlement certificate and other mortgage rights certificates in the bank to the Housing and Urban-Rural Development Committee of each district to handle the mortgage release. In this way, your property can be said to be completely your own property.

Buyers should bring the house ownership certificate (original), other rights certificates (original), identity certificate of the party concerned (original and 1 copy), and mortgage cancellation registration certificate issued by the mortgagee (original) , mortgage registration application form and other materials can be processed at the corresponding window of the Housing Authority.

2. Go through the surrender procedures

After the borrower repays the entire loan in advance, the original personal housing loan house insurance contract will also be terminated early. According to relevant regulations, borrowers can bring the original insurance policy and proof of early repayment of the loan to the insurance company to refund the premium paid in advance on a monthly basis.

The refund of the insurance premium for early repayment of the loan must be based on whether the originally purchased house is an existing house or an off-plan house, and the actual term of the insurance premium for the off-plan house (the insurance period for off-plan houses of more than half a year is generally calculated by subtracting 1 year from the loan period) , the discount interest rate and quick calculation coefficient of the original one-time premium payment

The calculation formula is: the insurance premium returned when the loan is paid off in advance = the present value of the insurance premium paid when it is returned in advance - before it is returned in advance The present value of occupancy insurance premiums upon early return.

3. Go through tax refund procedures

When you buy a commercial house, all family members who can get tax refunds should be written into the house purchase contract as real estate rights holders, and when signing the contract and paying the house price After that, apply for "home buyer's paid personal income tax base deduction" and obtain your "general tax payment certificate".

After repaying all housing loans in advance, you can obtain a real estate certificate. You should go to the tax department to handle tax refund procedures within 6 months after completing the real estate title certificate.

Extended information:

Home loan, also known as home mortgage loan. For a mortgage, a home buyer fills out an application for a home mortgage loan to the bank and provides legal documents such as ID card, income certificate, house sales contract, letter of guarantee, etc. that must be submitted. The bank will pass the review after passing the review.

Promise to grant loans to home buyers, and handle real estate mortgage registration and notarization based on the house sales contract provided by the home buyer and the mortgage loan contract entered into between the bank and the home buyer. The bank will issue the loan within the period specified in the contract. The funds are transferred directly to the selling unit's account with the bank.

Reference material: Process of early loan repayment-Baidu Information