What do I need to repay my mortgage in advance?
1. Advance repayment must be handled at the loan handling bank, and the specific handling procedures and relevant regulations need to be consulted with the loan handling bank.
2. The procedures of the bank are different, so you must consult the documents you need to carry (generally including ID card, loan contract, custody property certificate, power of attorney for withholding repayment, etc.). ).
3. For partial repayment, the prepayment amount shall not be less than 10000 yuan or an integer multiple of 10000 yuan.
4. owing on the loan in advance may involve paying liquidated damages, and buyers should know in advance.
Don't forget to cancel the mortgage. When the lender cancels, it needs to apply for the returned mortgage certificate in the bank, get the application cancellation registration form from the house mortgage property right department (be careful not to handle it across regions), and attach the purchase contract or property right certificate to cancel the mortgage.
6. If there are both commercial loans and provident fund loans, profitable commercial housing loans should be repaid in advance.
7. If you apply for insurance when you apply for a housing loan, if you repay the loan in advance or shorten the loan period, you can apply to the insurance company for a refund of part of the premium.
Precautions for repaying the mortgage in advance?
1, don't forget to surrender. After the lender repaid all the loans in advance, the original individual housing loan contract of Jiabao was also terminated in advance. According to relevant regulations, the lender can bring the original insurance policy and the proof of paying off the loan in advance, and return the premium paid in advance to the insurance company on a monthly basis. The insurance premium refunded by paying off the loan in advance is the present value of the insurance premium paid at the time of early return minus the present value of the insurance premium occupied before early return.
2. The portfolio loan does not need to repay the provident fund loan first. Provident fund loans, do you need to pay off the provident fund loans before applying for early repayment of commercial loans? According to industry insiders, only the money in the provident fund account must be used to pay off the provident fund loan first. If it is other self-owned funds, you can decide whether to use it to repay commercial loans or offset provident fund loans first according to your personal preferences and needs.
3. Handle the mortgage cancellation. Bankers pointed out that because many lenders are indifferent to mortgage loans, they often forget to go to the property rights department for mortgage cancellation after early repayment, so that although the loan has been paid off, the house is still filed in the property rights department, which brings unnecessary trouble to future housing transactions. When the lender cancels, it needs to return the mortgage certificate at the bank and get the cancellation registration form from the mortgage property department.
When we follow Bian Xiao, do we need to repay the mortgage in advance? After understanding the precautions for repaying the mortgage in advance, we know that once we buy a house and have money, everyone will think about paying off the mortgage as soon as possible, so that we will be lighter, but repaying the mortgage in advance depends on our suitability. I hope that the knowledge introduction of the above small series can help everyone.