After the new house loan is paid off, you still need to go to the bank where the loan is located to go through the mortgage release procedures and obtain the other property rights certificate. The bank will stamp the official seal on the other property rights certificate and write down the cancellation opinion, for example: the loan has been repaid. Please, agree to cancel the mortgage words. The property owner will then bring the real estate certificate, other title certificates, and the original ID card to the Mortgage Section of the local Property Rights Housing Security and Real Estate Administration Bureau to handle the mortgage cancellation registration procedures. If there are multiple names on the property ownership certificate, at least one property owner must be present, and the original ID cards of the other property owners must be brought along for the application. If there are names of minors, the guardian must bring a certificate proving the guardian's identity to the site for application.

What are the precautions for new home loans

1. Provide true information

If the mortgage buyer provides false information to the bank, it may cause serious consequences The impact: At the least, it will affect the bank review, and you will not be able to issue loans, and you will not be able to realize your dream of living; at the worst, it may be because the individual provides false materials, resulting in the inability to apply for a mortgage loan, causing the developer to require the home buyer to bear the responsibility for overdue delivery of mortgage information and Liability for breach of contract of commercial housing pre-sale contract shall include payment of a considerable amount of liquidated damages.

2. Be careful that if the loan application is unsuccessful and the developer does not have the deposit to purchase the house

When the home buyer signs a house purchase contract with the developer and pays the deposit, he must clearly stipulate in the contract that if due to If the mortgage loan fails to be approved by the bank and the home buyer applies to terminate the home purchase contract, the developer should refund the home purchase deposit paid by the home buyer in full to avoid the loss of the home purchaser's deposit.

3. Do not sign a "joint and several breach of contract clause"

Under normal circumstances, do not sign a "joint and several breach of contract clause" with the developer. If you must sign or have already signed similar terms, buyers must pay attention to timely repayment to avoid the developer repurchasing or disposing of the mortgage collateral due to personal defaults in repayment and other aspects.

4. Renting a mortgaged house must fulfill the notification obligation

If a house bought with a mortgage loan is rented out during the loan period, the house must be repaid and has been mortgaged. Notify the tenant in writing. Only if the home buyer fulfills its notification obligation, and if the bank exercises its mortgage rights due to inability to repay the loan, can the home buyer be exempted from liability for compensation to the lessee.

5. Perform repayment obligations conscientiously to avoid the bank withdrawing the loan early

The borrower should strictly fulfill its obligations in accordance with the repayment time and amount stipulated in the loan contract. If it is really necessary to repay in advance If you want to make a payment, you need to do relevant work in advance to avoid causing losses to yourself.

6. After the loan is repaid, the mortgage registration must be canceled promptly

After paying off all the loan principal and interest, the home buyer must hold the bank’s loan settlement certificate and relevant documents. To ensure the integrity of the property rights, go to the Housing Authority to complete the mortgage cancellation registration procedures in a timely manner. Only in this way can home buyers avoid related disputes or risks that may arise due to failure to complete the mortgage cancellation registration procedures.