A 30-year mortgage can be changed to 20 years. Theoretically, early repayment can shorten the life of the mortgage. Usually, early repayment can be divided into two types. One is to shorten the repayment period and the monthly repayment amount remains unchanged. The other is to reduce the monthly repayment and the repayment amount is the same. The term remains unchanged. Shortening the repayment period will require more loan repayments every month, so you need to consider it carefully.

A home loan, also known as a home mortgage loan, requires a home buyer to fill in an application form for a home mortgage loan to the lending bank and provide legal documents such as ID card and income certificate. , house sales contract, guarantee letter and other supporting documents that must be submitted. After the loan bank passes the review, it will promise a loan to the house buyer, and handle it based on the house sales contract provided by the house buyer and the mortgage loan contract entered into between the bank and the house buyer. Real estate mortgage registration and notarization, the bank will transfer the loaned funds directly to the selling unit's account with the bank within the period specified in the contract.

Before borrowing, the borrower should fill in the housing mortgage application form and submit the following supporting documents to the bank: the borrower's fixed economic income certificate issued by the lender's employer; the loan guarantor's business license and legal person certificate and other credit certification documents ; The borrower's legally valid identity certificate; the relevant housing ownership certificate that complies with the law or the proof that he has the right to control the house; the valuation report, appraisal and insurance document of the mortgaged property; the contract, agreement or other certificate for the purchase and construction of the house Documents; other documents or materials required by the lending bank.