1, the mortgage repayment is based on the borrower's loan term, as long as the loan is made, the loan will be repaid in the current month. When the mortgage is approved depends on whether the repayment has been made. If the loan is approved, we still need to wait for the quota to be released. If it is released on the 6th of this month, it will usually be deducted for the first time on the 6th of next month. Of course, it depends on the loan contract, and some banks will deduct it on the 20th.

2. Ask the bank for a mortgage contract. Generally, the bank clerk will put the contract in the sales office and inform you to get it. Generally, it will not be mailed. Unless required, please contact the bank yourself.

After the bank loan is issued, your house payment has been paid in full. Just ask the developer for an invoice. Banks will give you loan contracts and loan certificates, and some banks will also give repayment plans.

Extended data:

I. Repayment method of house purchase loan:

There are two repayment methods for housing loans with a loan term of more than one year: average capital repayment method and matching principal and interest repayment method.

1, average capital

It is to divide the total loan into equal parts during the repayment period, and repay the equal principal and interest generated by the remaining loans in the current month every month.

Monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.

Features:

Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but as time goes on, the monthly repayment amount is getting less and less.

2. Equal principal and interest

During the repayment period, the same amount of loans (including principal and interest) will be repaid every month.

Monthly repayment amount = [loan principal × monthly interest rate ×( 1+ monthly interest rate )× repayment months ]≤[( 1+ monthly interest rate )× repayment months]

Features: Compared with the repayment method in average capital, the disadvantage is that there are more interests. The interest in the initial repayment period accounts for most of the monthly contributions. With the gradual return of the principal, the proportion of the principal in the contributions increases. However, the monthly repayment amount of this method is fixed, which can control the expenditure of family income in a planned way and facilitate each family to determine the repayment ability according to their own income.

Second, choose the repayment method carefully.

When signing a loan contract, you can choose the repayment method according to your actual situation to avoid default.

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