Mortgage-to-loan, also known as mortgage-to-loan, means that buyers sell their houses to others without paying off their loans. Generally, when the house purchase loan is not settled, the house property right is still in the bank. At this time, in order to conduct real estate transactions, the seller needs to go to the bank with the buyer to handle the loan business. After the lending business is completed, the mortgage loan will be transferred to the buyer's name. This buying and selling process is called mortgage refinancing. However, it should be noted that the lender must be a financial institution, otherwise it may constitute a crime. It is suggested that buyers and sellers must conduct transactions in formal financial institutions.

How to handle mortgage to loan?

1. Find a new bank, and find a receiving bank that can give more favorable interest rate to the mortgage.

2. Bring the application materials, including the original loan contract, house purchase contract, copy of real estate license (no copy), original ID card, proof of income and repayment record (usually a copy of the passbook for monthly payment deducted by the bank), and fill in the application form for "transferring loans" at the receiving bank outlets.

3. Credit inquiry and application. If you want to "lend", you must authorize the receiving bank to inquire about the "personal credit file".

4. The record is good. If there is no record of malicious loan default in the applicant's personal credit record, the accepting bank will generally make a decision to accept "lending" within 7 working days, and will notify the applicant by phone at the same time; If there is a loan default or credit card off the charts record in the personal credit record, the accepting bank may refuse to accept the "lending".

5. Repay in advance. After being approved by the receiving bank, apply to the original loan issuing bank for full repayment in advance. Because many banks require to apply for "full repayment in advance" one week in advance, this process takes about half a month.

6. Sign a new contract. After the original loan issuing bank repaid in full in advance and retrieved the mortgaged real estate license, it signed a new personal housing mortgage loan contract at the receiving bank outlet.

How to calculate repayment in the middle of mortgage?

There are two kinds, one is full prepayment and the other is partial prepayment.

1. Full prepayment means one-time settlement of mortgage principal and interest. After all prepayment, the interest will be calculated from the day when the principal and interest of the bank are paid off. In other words, as long as you borrow from the bank, the interest will be calculated.

2. Partial prepayment means that only a part of the loan principal and interest is repaid, and the remaining principal and interest are not settled. The outstanding loan principal and interest shall be executed according to the loan interest rate agreed in the original loan contract (continued preferential treatment with discount).

3. There are two ways to repay part of the loan balance in advance. One is to shorten the repayment period, and the monthly payment amount is inconvenient; Second, the repayment period remains unchanged, reducing the monthly payment. In contrast, the first one can save more interest.