The bank doesn't repay the mortgage. Measures:

I. Penalty interest

This is the first step for the loan bank to punish the lender for not repaying the mortgage. Generally speaking, when the house slave can't repay the mortgage, the bank will first urge you to repay the mortgage as soon as possible. If you can pay off the mortgage within the specified time, then the bank will only add some penalty interest. However, for the house slaves with difficult economic conditions, the penalty interest is undoubtedly worse.

The second is to recover the loan in advance.

Everyone buys a house by borrowing money from the bank. So, once you don't repay the mortgage, the bank will start to act. At this time, the bank has the right to recover all remaining loans in advance. Imagine, if you can't even pay the monthly payment, how can you pay off so many loans at once I'm afraid I can only go to the point where I sell the house or the house is taken back by the bank.

Third, the house was auctioned.

This is the worst step, and lenders who have reached this point will often end up with "empty house and money". After repeated urging by the bank, if the mortgage slave still refuses to repay the mortgage, the bank will apply to the court for auction of your house. You know, the property auctioned is often far below the market price, so your loss will be great.

The related expenses were paid in vain.

In the early stage of buying a house with a loan, it is often necessary to pay down payment, house purchase deposit and other related expenses. However, everyone should know that when your house is auctioned, not all the auction proceeds are yours. You must pay off the bank loan and litigation fees first. If the auction proceeds remain after all the expenses are settled, then this part belongs to you.

In other words, if the house is auctioned off and there is no extra money left after deducting related expenses, then your down payment and other related expenses will be paid in vain.

And lose money

Of course, it is not the worst thing to return all the related expenses during the loan period. The worst thing is that you have to lose money. Because when the house price drops rapidly, the value of your house is also greatly discounted. Even if your house is auctioned, the auction money is often not enough to repay the bank loan, and then you need to lose money.

What will the bank do if the loan is not enough to buy a house?

How to deal with the house that the bank can't afford;

1. The bank will collect the money first. If it is not returned for a period of time, the house can be forcibly recovered for auction;

2. The down payment is paid to the developer, which should be on the developer's account, and the bank only provides loans on this basis;

When the bank pays the balance of the house to the developer in the form of loan, the developer completes the sales process. In the future, it will be the loan relationship between the owner and the bank.

According to the national loan policy, buyers need to prepare 30% down payment to apply for a loan to buy the first suite, and 60% down payment to apply for a bank housing loan to buy the second suite.

What should the bank do if the mortgage is not paid?

What will the bank do if the mortgage is not repaid?

1. The bank will call you first. If you don't return it for a period of time, you may be forced to take back the house for auction;

2. The down payment is paid to the developer and should be in the developer's account. The bank only provides you with loans based on this;

3. When the bank pays the balance of house payment to the developer in the form of loan, the developer completes the sales process. In the future, it will be the loan relationship between the owner and the bank.

According to the national loan policy, buyers need to prepare a down payment of 30% to apply for a loan to buy a house, while buyers need to prepare a down payment of 60% to apply for a bank housing loan when buying a second house.

What are the ways to increase the down payment?

1. Mortgage loan with collateral. Borrowers can mortgage their fixed assets, get a loan, and then use the loan to pay the down payment on the house. But you can't borrow too much money to avoid too much debt, so that the house can't apply for mortgage repayment.

2. Down payment by installment. One activity launched by some developers is down payment installment. Installment down payment means that the purchaser pays part of the down payment according to a certain proportion and signs a loan contract, and then makes up the remaining down payment within a certain period of time. The down payment paid by the developer is interest-free, and the customer only needs to sign the relevant contract with the developer, stipulating the installment repayment time and related liability for breach of contract.

3. Choose credit card installment payment. You can apply for a credit card, and you can overdraw when you make a down payment. You should know in advance whether the bank allows down payment. After you pay the down payment on the house with a credit card, remember to repay it on time, which will not cause overdue repayment, otherwise it will affect your application for a house loan in the future.

4. Choose non-bank institutions to apply for loans. At present, there are many non-bank institutions that can provide down payment loans for houses. You can apply for a loan from these financial institutions to pay the down payment on your house. At present, there are similar products on the market, some are cooperation between sales companies and banks, some are self-raised loans by sales companies, and some are popular P2P platform products (find people who are willing to contribute through the platform and then lend them to buyers).