It will take 5-10 working days to be released. Release of mortgage refers to the act of releasing the mortgage of the mortgaged items by repaying the loan. A mortgage loan refers to a loan obtained from a bank by a borrower using certain collateral as collateral. It is a form of lending by commercial banks. The collateral usually includes securities, treasury bonds, various stocks, real estate, and bills of lading, warehouse receipts or other documents that prove ownership of items.

How to handle mortgage settlement

1. The house seller applies to the lending bank for early repayment. Different banks have different regulations on early repayment. Some banks need to pay a handling fee before agreeing to early repayment. Early repayment is equivalent to paying off the remaining loan and interest at once, which requires preparing a large amount of funds.

2. Go to the lending bank to repay in advance. Before repayment, you must deposit sufficient money in the repayment bank card. Before applying for early repayment, be sure to ask how much the bank's handling fees are and the total amount of money that needs to be paid. Only in this way can you handle the follow-up procedures better.

3. Go to the lending bank to complete the settlement procedures on the day after the payment is completed.

4. The bank’s post-loan management center will issue the release materials. That is to say, after the loan is settled, the bank will also issue relevant certificates, such as loan repayment certificate, loan settlement certificate, etc. Only with these certificates can the mortgage repayment procedure be completed.

5. Go to the guarantee company (you don’t have to go if you haven’t signed a guarantee agreement) to go through the corresponding procedures. The amount of a guaranteed loan will be relatively higher, and the chance of success in bank loan approval will be higher, so some people are willing to submit a third-party guarantee when taking a loan, but some people who have not applied for it do not need to go through the corresponding procedures. These corresponding procedures It’s the guarantee revocation procedure.

6. Go to the real estate registration center where the house is located to release the mortgage. All you need to do is go to the local housing authority or real estate transaction center to go through the mortgage release procedures.