Therefore, the lender must pay attention to the corresponding repayment information, and prepare enough funds before the repayment date expires according to the prompt of the bill, so as not to affect the personal credit information after the deadline.
Matters needing attention in mortgage repayment
1, which distinguishes between equal principal and interest and average capital.
Mortgage repayment is divided into equal principal and interest and average principal.
For the lender who repays the principal and interest with the same amount, the monthly repayment amount of the principal and interest with the same amount is fixed, in which the repayment principal increases and the repayment interest decreases. If the borrower has already paid off most of the interest in the interim, the prepayment of the mortgage is mainly the principal, so the significance is limited. The average capital divides the total loan amount equally, and the repayment interest is calculated according to the remaining principal. With the increase of repayment time, the remaining principal decreases and the repayment interest becomes less and less. When the repayment period exceeds 1/3, the borrower has already paid half of the interest. If you repay in advance at this time, the interest saved is not much.
2. Make full use of the provident fund.
For a lender with a high monthly provident fund deposit, you can consider repaying part of the mortgage in advance, but you don't have to pay it all, because once the mortgage is fully repaid, there will be no room for the monthly provident fund. According to the existing provident fund policy, employees can't withdraw in advance except buying a house. Considering the current housing purchase restriction policy, most people are unlikely to buy houses many times, so it is unlikely that everyone will withdraw the provident fund in advance. It is better to pay their mortgage every month, which is more efficient and makes their cash flow more abundant.
Don't forget to do the follow-up procedure.
After paying off the mortgage, it does not mean entering a debt-free state. Insiders reminded that buyers who have paid off their mortgages should not forget to go through the follow-up procedures. After paying off the house loan, the process is as follows:
1. Handle the mortgage cancellation formalities with the loan bank.
2. Go through the refund formalities of the corresponding insurance premium with the insurance company.
3. Handle the deposit refund formalities with the developer (if any).
If you have applied for the real estate license during the loan period, you only need to go to the window of the housing management department with the cancellation form, other warrants and bank ID card. If you haven't done the real estate license yet, after repaying the loan, take the cancellation form of the bank to the window of the housing management department for cancellation, and then apply for the real estate license.