The mortgage can only be repaid in advance after one year, because the mortgage contract stipulates that users can only apply for prepayment after one year. Therefore, the user's repayment time is less than one year, so it is impossible to submit an application for early repayment. As for the repayment after one year, the user needs to apply for prepayment one month in advance, and after the application is passed, the prepayment operation will be carried out according to the requirements of the bank.

In short, it is stipulated in the mortgage contract that the mortgage loan can be repaid in advance after one year, and the mortgage loan must be repaid in strict accordance with the contract.

After paying off part of the mortgage in advance, how to calculate the rest?

First of all, it should be clear that the prepayment of mortgage is also the principal+interest, not the whole principal.

After the mortgage is paid off in advance, the remaining unpaid part includes principal and interest. This part of the principal and interest will still be calculated according to the interest rate agreed in the mortgage contract. After the change, the bank will give a new repayment plan and repay on time.

After partial repayment in advance, users can choose to reduce the repayment month without changing the monthly payment or change the monthly payment without changing the repayment month. Of these two ways, "not changing the monthly payment but reducing the repayment month" is more economical and requires less interest.

Generally speaking, partial repayment in advance can reduce the total amount of remaining principal. If the principal is less, the interest generated will be less, and the total amount of money to be repaid will be less. Buyers who have more money on hand and want to pay less interest, but can't pay it off at one time, can consider repaying in advance.

It should be noted that if the borrower wants to repay the loan in advance, he should generally bring his ID card and loan contract to the bank for approval after applying by phone or in writing. If the borrower has settled all the balance, after the bank calculates the remaining loan amount, it will deposit enough funds to repay the loan in advance. If it is a customer or owner of the sub-mortgage business, it is best to find a professional guarantee institution to do entrusted notarization, so as to avoid the risk that the customer will not buy it after the owner repays in advance or the customer will help the owner pay off the final payment with the down payment.