Yes

You can apply for a one-year moratorium on mortgage payments. Users who apply for a one-year moratorium on mortgage repayments need to directly contact the lending bank for negotiation, submit an application for a one-year repayment moratorium to the bank, and then wait for the bank's review. After passing the review, the one-year repayment moratorium can be suspended; most banks have this It is a kind of suspended repayment procedure, but this kind of suspended repayment procedure usually only suspends the repayment of the principal. The borrower still needs to repay the interest on time. If the borrower suspends repayment for one year, the corresponding loan period will be extended later. One year, the interest generated by the extra loan time also needs to be paid by the user on time.

What are the consequences of not paying the mortgage loan

1. Go to the credit bureau: The mortgage loan is issued by the bank. If it is overdue, the credit bureau will definitely be listed, which will affect the user’s future credit. Business

2. Being auctioned: If the borrower has not been able to repay the loan and has been overdue for a long time, the bank can apply to auction the house. In addition to returning the principal and interest due to the bank, the auction proceeds will be returned to the user. If the auction proceeds are not enough to offset the loan, the borrower will need to continue to repay the loan.

What are the mortgage repayment methods?

(1) Equal principal and interest

Features: The monthly repayment amount is the same, which is essentially The proportion of principal increases month by month, and the proportion of interest decreases month by month. For the same loan term and loan amount, the total interest for equal amounts of principal and interest is much higher than the total interest for equal amounts of principal. People who are suitable for equal amounts of principal and interest: The monthly repayment amount of equal amounts of principal and interest is the same, so it is more suitable for families with normal spending plans, especially young people. As age increases or positions are promoted, income will increase and living standards will naturally rise. ; If such people choose the principal method, the early pressure will be very high.

(2) Equal principal amount

Features: The monthly repayment amount is different and decreases month by month; it is to divide the loan principal according to the total monthly repayment period. The amount is divided equally, plus the interest on the remaining principal from the previous period is added to form the monthly repayment amount. Therefore, the monthly repayment amount of the equal principal method is larger, and then decreases month by month, and the more the repayment is, the less it is. People who are suitable for equal-amount principal: The equal-amount principal method has a larger repayment amount in the early stage and then decreases month by month, so it is more suitable for borrowers who have strong repayment ability in the early period. Of course, some older people are also more suitable. This is appropriate because income may decrease as you age or retire.