I. One-time repayment of principal and interest

One-time repayment of principal and interest is mainly the repayment method chosen by the applicant when applying for housing mortgage loan. The limitation of one-time repayment method is that the longest loan period can only be applied for one year. Therefore, if the applicant has sufficient repayment ability, he can choose this repayment method.

Second, pay off the mortgage in advance.

If an individual has applied for a mortgage of more than 1 year, and there is enough deposit to pay off the mortgage in advance. However, in order to pay off the mortgage in advance at one time, it needs to be understood that the general mortgage is less than 1 year, and if you apply for repayment before the repayment period, the bank will charge a certain penalty. Therefore, before deciding to prepay, it is best to consult the bank whether there are any other fees to be charged.

Judging from the above situation, as long as the applicant has enough repayment ability, it can pay off the mortgage in one lump sum. However, when an individual chooses to apply for a mortgage, it is best to first determine his repayment ability and choose the loan term, so that there is no need to go through too many repayment procedures.