After one year, you can apply to the loan bank to repay the mortgage in advance. The matters that borrowers need to pay attention to when handling prepayment are as follows: In general, borrowers need to apply to the loan bank for prepayment one month in advance.

At the time agreed by the bank, the borrower carries his ID card, title certificate (land certificate), loan contract and prepayment application form to the loan bank for prepayment procedures.

In the case that the mortgage loan is less than one year, the bank will charge a certain penalty for prepayment.

"Personal housing loan" is the most basic housing mortgage loan business, and all banks are carrying out this business. Personal housing loan is a kind of secured loan, which can be mortgaged, pledged, guaranteed or a combination of the above three ways.

Banks generally require that the object of "individual housing loan" should be a natural person with full capacity for civil conduct and meet the following conditions:

Have permanent residence in cities and towns or valid residence status;

2. Have a stable occupation and income, good credit, and the ability to repay the loan principal and interest on schedule;

3 do not enjoy the purchase subsidy, not less than 20% of the total price of the purchased house as the down payment; Enjoy the purchase subsidy, and the individual will bear 20% as the down payment;

4. There are assets recognized by the bank as collateral or pledge, or units or individuals with sufficient compensatory capacity as guarantors to repay the loan principal and interest and bear joint and several liabilities;

5. There is a purchase contract or agreement, and the price of the purchased house basically conforms to the evaluation value of the bank or the real estate appraisal agency entrusted by the bank.

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