If you go to the bank to apply for a mortgage loan, you need the loan applicant to meet the corresponding loan conditions of the bank and provide the loan materials needed by the bank before you can apply for a mortgage loan in the bank according to the relevant procedures. What procedures should be cancelled after the mortgage loan is paid off?

What cancellation procedures do I need to go through after the mortgage loan is paid off?

Mortgage loans need to be registered with the Housing Authority. Therefore, after the loan is paid off, the borrower needs to obtain the loan repayment certificate and other rights certificates issued by the bank, and then go to the Housing Authority to cancel the mortgage registration with his personal ID card, loan repayment certificate and other rights certificates. Only by canceling the mortgage registration can the borrower get back the right to dispose of the property. Only in this way can the whole mortgage loan process be truly completed.

Therefore, many people think that nothing will happen after paying off the loan. In fact, if it is a credit loan, this is correct, but if it is a mortgage loan, you can't think so.