Repay the housing loan in advance
1, ask for advice in advance.
Those who want to repay the mortgage in advance need to meet the repayment requirements for more than one year. Banks generally require borrowers to submit written or telephone applications 65,438+05 working days in advance. After the bank gets the borrower's application for prepayment, it needs to start the examination and approval, which usually takes about one month. In addition, different banks have different requirements for repaying loans in advance. Some banks stipulate that if the loan is repaid in advance, the repayment amount needs to be an integer multiple of 1 000, and some banks need to charge a certain penalty.
2. Pay attention to the application time.
Although the bank allows the borrower to repay the mortgage in advance, it can't be repaid. Generally, borrowers need to apply in advance and go through the repayment procedures after approval, while banks have regulations on the time of applying in advance, and borrowers know clearly before repayment.
3. Liquidated damages for repaying the loan in advance
I applied for a mortgage in the bank. Although the bank generously allows the applicant to repay the mortgage in advance, most banks will charge a certain penalty if the individual's mortgage application period is short and less than one year.
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4. The documents need to be ready.
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 to avoid the risk that the owner will increase the price after the owner repays in advance, and the customer will not buy it or use the down payment to help the owner pay off the final payment.
5. Repayment period
Although repaying the mortgage in advance can get rid of the pressure of the mortgage earlier, it is not cost-effective if individuals blindly repay the mortgage in advance. For example, personal mortgage has been paid for half a lifetime. In this case, it is not suitable to repay the mortgage in advance.
6. Don't forget to surrender and mortgage.
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. After 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. In this way, your own property can be completely your own property.
7. Not everyone is the most suitable to repay the loan in advance.
Compared with the current CPI, the interest rate of 30% of the contracted loan customers can be said to be very low, and the capital utilization cost of these property buyers is very low, so it is not recommended to repay the loan in advance.
Average capital's repayment has been more than five years, and most of the prepayment is interest. If the loan is repaid in advance after five years, it can be said that the principal is more. Therefore, from the perspective of capital utilization, other investment channels can be considered, especially those whose annual rate of return exceeds the bank mortgage interest rate.
8. Method of repaying mortgage loan in advance
There are two ways to repay the mortgage in advance: one is to repay the mortgage in advance at one time, that is, to settle all the loans at one time; One is partial prepayment of mortgage, which is divided into three ways, namely shortening the repayment period without changing the monthly repayment amount, reducing the monthly repayment amount without changing the repayment period, and shortening the repayment period with reducing the monthly repayment amount.
What information do you need to apply for a mortgage?
1. To apply for a mortgage, you need three copies of the ID card of the applicant and spouse, and the original and copy of the household registration book (if the applicant and spouse do not belong to the same household registration, you need to attach a marriage certificate).
2. Original house purchase agreement, 65,438+0 copies of advance payment receipts for mortgage payment of 30% or more, and their photocopies.
3. Applying for a mortgage requires the applicant's family income proof materials and relevant assets proof, including salary table, personal income tax return, income certificate issued by the unit, bank deposit certificate, etc. ; The developer's collection account number is 1.