First, how to renew the loan when the mortgage expires
1. The borrower shall fill in the Application for Mortgage of Residential Houses before lending, and submit the following supporting materials issued by the bank: the borrower's fixed income certificate issued by the borrower's unit; Credit certification documents such as business license and legal person certificate of the loan guarantor; Legal and valid identity certificate of the borrower; The relevant certificate of the ownership of the house or the certificate that I have the right to the house according to law; Appraisal report, appraisal report and insurance documents of mortgaged real estate; Contracts, agreements or other supporting documents for the purchase and construction of houses; Other documents or materials required by the lending bank.
2. The bank examines the borrower's loan application, purchase contract, agreement and related materials.
3. The borrower shall hand over the title certificate, insurance policy or securities of the collateral to the bank for safekeeping.
4. The borrower and the guarantor of both parties sign the housing mortgage loan contract and notarize it.
5. After the loan contract is signed and notarized, the bank's deposits and loans to the borrower are transferred to the selling unit or building unit specified in the purchase contract or agreement.
6 loan settlement, including normal settlement and early settlement.
① Normal settlement: the loan shall be settled on the loan maturity date (one-time repayment of principal and interest) or the last installment (installment repayment);
② Early settlement: Before the maturity date of the loan, the borrower must apply to the bank in advance for partial or full settlement of the loan according to the loan contract, and the bank will repay the loan at the designated accounting counter after it is approved. After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.
2. What are the precautions for mortgage renewal?
1. You can only use the property in my name.
Some friends want to mortgage the house because they are short of money, but the house belongs to their parents. In fact, according to the provisions of the mortgage loan policy, as long as the owner agrees, the borrower can also apply for a loan with the property in someone else's name. Generally speaking, with the property in my name, the pass rate will be higher. Once you can't pay back the money, the house will be taken away by the bank and blacklisted, and the consequences will be more serious.
2. It can still be used after mortgage.
After the borrower mortgages the house to the bank, it still has the right to use it. When the loan is fully settled and the mortgage is released, the house still belongs to you. If the borrower fails to repay the loan, the bank will collect it first, and the auction will be considered only if the collection fails, which will take about one year.
3. The collateral is limited.
Generally speaking, if you want to mortgage a house, the property must meet the requirements of a bank, and the requirements of each bank are different. Some pay more attention to housing lots and prefer houses located in the city center, while others attach great importance to room types and do not accept shops and office buildings. , but only ordinary houses are accepted. Therefore, we must choose a suitable lending institution for mortgage loan, otherwise it is easy to be refused a loan because some conditions do not meet.
How to renew the loan when the mortgage expires? If you really want to renew your loan, you must contact the manager of the mortgage bank to see if your situation is qualified to renew your loan. Before renewing the loan, you should know what matters should be paid attention to in renewing the loan, make sure that you have the corresponding repayment ability, and ensure that you can repay the loan better.