General banks will deal with people who are overdue for more than 6 months and cannot repay their loans. Take public prosecution to recover all the loan principal and interest in advance. If the lawsuit is finished, the lender still has no way to repay all the principal and interest. The bank will let the court enforce it. Seal up the property first, and then auction the mortgage.
1. Can I apply for deferred repayment if the mortgage is overdue?
1, you can apply because you can't repay the loan on time due to financial problems, but when applying, you should pay attention to the fact that the longest loan period can't exceed 30 years.
If we can't repay the loan according to our regulations during the performance of the contract, we can apply to the bank in writing to extend the loan period. After the approval of the bank, we have to deal with matters related to the deferred repayment agreement of individual housing loans, and finally find a guarantor to sign the deferred agreement.
Usually, it can only be postponed once. The sum of the original loan term and the extension term cannot exceed 30 years.
Second, what should I do if the mortgage is overdue?
1. Apply for extension of mortgage term.
If you can't repay the loan on time, you should immediately apply to the bank to extend the loan period. The bank will decide the extension time according to the applicant's loan term: the extension time of short-term loans cannot exceed the original loan term; The extension of the medium-term loan shall not exceed half of the original loan term; The extension of long-term loans cannot exceed three years.
2. Seek help from relatives and friends.
When it is really overdue, you can ask friends and relatives for help. As the saying goes, it is good to borrow and pay back. When you are well-off, immediately return the principal and interest (interest should not be lower than ordinary bank deposits) to relatives and friends, and it is not difficult to borrow them later.