However, it should be noted that when the lending institution deducts money, it shall be subject to whether the funds in the repayment account are sufficient. Sometimes the payer may have transferred the money to the repayment account, but the payment has been delayed, resulting in insufficient fund balance in the repayment account. In this case, the repayment will fail.
How to pay the mortgage?
1, repay the principal and interest in one lump sum. According to the relevant regulations of major banks, if the loan term is within one year (including one year), the repayment method is one-time repayment of principal and interest, that is, the initial loan principal plus the interest of the whole loan period is comprehensive.
2. Equal principal and interest repayment method. As we all know, the term of mortgage loan for individual house purchase is more than one year, so the repayment method is equal principal and interest repayment, that is to say, from the second month of using the loan, the loan principal and interest will be repaid in equal amount every month.
3. Average capital repayment method. The basic algorithm principle of the average capital repayment method is to repay the loan in equal amount on schedule during the repayment period and pay off the loan interest generated by the unpaid principal in the current period. Monthly repayment, quarterly repayment.
What are the mortgage channels?
1, bank.
At present, most banks can apply for mortgage loans, but if they want to apply for mortgage loans, they must meet the requirements of banks. If the house has been mortgaged once before, they can't mortgage it twice. Please pay attention to this.
2. Loan company.
Although many banks can handle mortgages now, not everyone can handle mortgages in banks smoothly. If the manager had bad credit or poor repayment ability before, the bank probably wouldn't lend money, and private loan companies are much more relaxed than the bank's requirements when reviewing loans, so private loan companies are also an option.
3. Pawnshop.
In addition to loan companies and banks, pawn shops also have mortgage loans. When handling mortgage loans, the loan conditions of pawn shops are looser than those of loan companies, and there is almost no great requirement for borrowers' credit information and work. As long as the property provided by the lender meets the requirements of mortgage loan and the information is complete, the loan amount can generally be obtained immediately.