1. The borrower's monthly repayment amount remains unchanged, but the loan term is shortened.
2. The borrower's loan term remains unchanged, but the monthly repayment amount is reduced.
3. During the remaining repayment period, adjust the repayment amount together with the loan term.
If repayment is made in advance, the remaining repayment amount shall be paid off in one lump sum, and the loan interest shall be calculated to the repayment date. If the borrower needs to repay the loan in advance, it needs to apply to the loan bank at least one month in advance.
How to operate the prepayment of mortgage?
1. Go to your loan bank to make an appointment for repayment. If you want to repay, you need to make an appointment. The time of each branch of each bank is different. This depends on the bank, because few people will definitely repay, and many people will definitely be slow. Make an appointment on the same day and you can repay the loan the next day. Some may take several months, so if you want to repay in advance, you must make an appointment first.
2. prepare your own information. Prepare your own loan contract, repayment bank card, and your own identity documents. These are basically fine with you.
Take the money or card that needs to be returned to the bank to fill out the application form. Deposit the money to be repaid in the bank card and go to the bank to fill out the repayment application form. If the money is transferred to the repayment card on other bank cards, wait for the bank to deduct the money.
4. Go to the Housing Authority to cancel the mortgage. Because the house bought by the loan is mortgaged, you need to go to the Housing Authority to cancel the mortgage when you pay back the money. Some banks will cancel the mortgage, but it usually takes a long time. If you need to sell a house or suggest canceling your mortgage, you need to find a bank to see if it is cancelled by the bank or by yourself.