After paying off the mortgage, customers do not need to pay money when they go to the Housing Authority to handle the mortgage release procedures, because the mortgage release service is free. Customers only need to bring their personal ID cards, house ownership certificates, and loan settlement certificates. , other warrants and other information will be enough.

In addition to going through the mortgage release procedures in person, you can also entrust others to handle it. Just go to the notary office to issue a power of attorney. If the trustee brings a power of attorney to help the client go to the Housing Authority to handle the mortgage release procedures, the Housing Authority will not charge any money.

Also, not only the mortgage loan, but also the car loan release procedures are free of charge at the vehicle management office (if you let the 4S store handle the release, there may be a fee, but the fee is not charged by the vehicle management office) Yes, but the 4S store charges service fees). If you don’t want to pay, you can handle it yourself)

If you are not sure about the fees charged by the bank, you can also directly contact the bank’s customer service for consultation. You can rest assured that banks are formal institutions established with the approval of the China Banking Regulatory Commission and hold financial licenses. They usually do not charge arbitrary fees.

What is the procedure for mortgage release?

1. First, the loan needs to be settled. After the borrower has settled the mortgage, he will take the loan settlement notice issued by the bank to the Provident Fund Center and issue it. "Notice on Lifting the Property Mortgage".

2. The second step is to obtain the certificate of other rights. The borrower should go to the provident fund center with a valid ID card and the release procedures to receive the certificate of other rights of the house and the notice of release.

3. Finally, you need to go through the mortgage release procedures. The borrower should go to the original mortgage registration department to handle the property release procedures with his valid ID card, other rights certificates, real estate certificate, repayment certificate and other documents.

What should you pay attention to when releasing the real estate certificate?

1. To release the mortgage means to go to the Housing Authority to cancel the mortgage of other rights in the real estate certificate and get the real estate certificate back. After the mortgage loan is repaid, homeowners with commercial loans should bring the loan settlement certificate (A4 paper) issued by the bank and the "Proof of Other Rights to Real Estate" certificate to the trading floor to handle the mortgage release procedures without any fees.

2. In addition, homeowners with mortgage loans who have obtained the real estate certificate must also take the real estate certificate to the Housing Authority to handle the mortgage cancellation procedures. As for provident fund loans, after the repayment is completed and the provident fund center issues a proof of repayment, the mortgage release procedure can be completed in the trading hall.

3. In addition, if the borrower repays the loan early, the insurance company can also refund part of the insurance premium. Generally, when applying for a mortgage loan, you have to pay insurance premiums for the number of years of the mortgage. If you repay the loan early, for example, if the loan is for 20 years and it is fully paid off just after 5 years, the insurance premiums for the remaining 15 years will have to be refunded. .