First, how to calculate the mortgage in advance?
The monthly mortgage payment 1 year can only be repaid in advance. There are two situations: ① all the remaining mortgages are repaid in advance, and the interest generated from this part does not need to be paid, but a penalty of 1% is required; ② Repay part of the mortgage in advance, and interest is not required for the repayment part, but a penalty of 1% is still required.
Second, what is the process of repaying the mortgage in advance?
1. To repay the loan in advance, you need to prepare all the amount needed for repayment, and then take relevant materials and certificates to the bank that handles the mortgage to make an appointment with the account manager. Then the staff will arrange the time.
2. Within the specified time, the lender needs to go to the bank outlet and handle the related business of loan settlement according to the guidance of the staff. It should be noted here that early repayment of the loan requires payment of liquidated damages, the amount of which is mainly stipulated by the bank.
3. If the provident fund is used for housing loans, there are two situations for early repayment: first, the balance in the provident fund account is used for repayment, which is the part that must be used to repay the provident fund loan first; Second, if other self-owned funds are used for repayment, it is also possible to repay provident fund loans or commercial loans first according to actual needs.
Here is how to calculate the mortgage in advance and what is the process of repaying the mortgage in advance. You got it? Repaying the loan in advance does not mean not paying back, but paying a certain penalty. Please communicate clearly with the bank staff.