After buying a house with a loan, the repayment period generally cannot be changed, but the mortgage can be repaid in advance.
Documents required for prepayment:
1, ID card, household registration book (home page, personal page and change page of household registration book) and their copies.
2. The spouse's ID card, household registration book (home page, personal page and change page of household registration book) and its copy.
3. Proof of marital status (marriage certificate or divorce certificate or unmarried certificate)
4. Property right certificate, house sales contract and loan contract
5. Copy of repayment list or repayment passbook
Mortgage prepayment process:
1) Make an appointment in advance. During the loan period and within one year after the loan is issued, with the consent of the bank, you can apply in writing to repay part or all of the loan in advance. General banks need 2-7 working days to handle this business. Banks have different regulations on early repayment of loans, so lenders must make clear the operating procedures of loan banks before deciding to repay loans in advance.
2) loan documents should be prepared. If the borrower needs to repay the loan in advance, he should generally apply by phone or in writing and go through the examination and approval formalities at the bank with his ID card and loan contract. If it is a borrower who has settled all the balance, after the bank calculates the remaining loan amount, it is convenient for the borrower to save enough money to repay the loan in advance. If it is a customer or owner of the sub-mortgage business, it is best to find a professional guarantee institution to do entrusted notarization, so as to avoid the risk that the customer will not buy it after the owner repays in advance or the owner will raise the price after the customer pays the final payment with the down payment.
3) Calculation method of interest rate after interest rate reduction. The new interest standard will be calculated at the beginning of the new year, so even if the loan is to be repaid in advance, the lender should seize the opportunity and try to repay the loan in advance before the new interest takes effect at the end of the year. After paying off all the loans in advance, the lender should remember to surrender to the insurance company and other departments.
4) surrender. After the lender settles all the final payment in advance, the bank will issue a settlement certificate. The borrower can call the relevant insurance company with the original loan settlement certificate, the original policy and the original invoice issued by the bank to make an appointment to surrender. When the borrower applies for a loan, the bank will register the mortgage. If the customer settles the loan, don't forget to understand the mortgage. The borrower should bring the real estate license, settlement certificate and other rights certificate mortgaged in the bank to the office of the District Construction Committee to understand the mortgage situation.
Can I change the mortgage?
The term of mortgage can't be changed casually, and you can discuss with the bank to postpone or repay in advance. There are two options for early repayment: one is that the repayment period is unchanged and the monthly repayment amount is reduced; The other is that the monthly repayment amount remains unchanged and the repayment period is shortened.
30% is the comfort line of the monthly mortgage ratio. For people who have jobs and are single, family pressure is small. You can discuss with the bank and set the monthly mortgage payment line at more than 30%, which is also adding some pressure to yourself. Pressure becomes motivation, income is getting higher and higher, and the proportion of monthly mortgage payment will become smaller and smaller. For buyers with families and children, family pressure is great, daily living expenses are high, and children's health is high. Therefore, it is necessary to appropriately reduce the proportion of monthly payment in income to ensure the comfort of life.