First, when buying a house, can I approve the loan or transfer the ownership first? The order of buying a second-hand house by loan is first loan, then transfer. In the process of handling, a capital supervisor will ask the buyer to deposit the down payment in this supervisor first to ensure the authenticity of the down payment. Then, after the loan is approved, he will go through the transfer formalities. After the transfer formalities are completed, he will apply for the certificate of other rights of the house. After the certificate of other rights comes down, the bank will receive the certificate of other rights, and then the bank will issue the loan applied by the buyer to the seller together with the down payment previously supervised. Then I paid off the loan. How long can the loan be repaid in advance? For different lending institutions, the time allowed to repay the mortgage in advance is different. For example, China Construction Bank and Bank of China, among the four major banks, generally require borrowers to repay for one year before they can apply for early repayment. The requirement of ICBC is that the borrower can apply after six months of repayment on time. Other commercial banks, such as China Merchants Bank, Bank of Communications and Bank of East Asia. Before applying for repayment from the bank before the repayment period, you must repay in full and on time for one year. Some banks have no requirement to repay loans before the repayment deadline. If the borrower is willing, he can apply for prepayment at any time. By learning from the bank staff, because the mortgage amount is relatively large, there are very few people who repay in advance after applying for a loan for one year. Therefore, if you want to repay the mortgage in advance, you must consider the problem of repaying the mortgage in advance in light of your actual situation. What are the procedures for repaying the loan in advance? 1. Reservation for prepayment All banks require an appointment. There are two ways to book: telephone booking or front desk booking. Usually, the next day's repayment can be booked one day before the repayment is ready. It should be noted that the repayment should be an integer multiple of 10000, and there is no charge for prepayment. 2. Prepare relevant documents. Be sure to bring the following documents before going to the bank: loan application contract, ID card and repayment card. Others should consider the change of loan use after repayment. There are also two options: shortening the loan application period or reducing the monthly repayment amount. We can choose according to our actual situation. 3. Sign the prepayment application form, go to the bank, collect the prepayment application form at the designated cargo counter, fill it out, and deposit the amount to be repaid in advance into the repayment card. After successful repayment, your loan principal will be deducted from the prepayment amount. 4. Precautions for paying off the loan in full in advance must be remembered to surrender to the insurance company with the "house payment settlement certificate" issued by the bank; After paying off the loan, the buyer needs to go to the local real estate transaction hall to "publish the pawn registration", because the property right of the house still belongs to the bank before the pawn registration is revoked. So this process is indispensable. Only when the "publishing pawn registration" is handled can the house truly belong to us. Who is suitable for repaying the loan in advance? 1. If the loan with equal principal and interest does not exceed one third of the loan term, such mortgage borrowers can repay in advance. 2. In the average capital, if the loan term does not exceed a quarter of the total loan term, such mortgage borrowers can make partial prepayment. 3. If you want to pay off the mortgage, or if you want to pay off the loan and take back the mortgage to sell the house, such mortgage holders can repay in advance. 4. For mortgage borrowers with high monthly provident fund, since the provident fund is earmarked, if it is not used to repay the mortgage, it will not be available in the account, so it is better to repay the loan in advance. 5. If you really don't like to "borrow money" and the mortgage is in the early stage of repayment, you can consider repaying the loan in advance. On the one hand, you can pay off the loan as soon as possible. On the other hand, you can save a lot of mortgage interest.