1. Contact the bank to negotiate repayment.
If the loan is temporarily overdue, you can try to contact the bank to negotiate repayment. In the case that some objective circumstances lead to the temporary non-repayment of the mortgage, if the previous repayment record is not bad, it is still possible to negotiate successfully.
When negotiating with the bank, you can apply for deferred repayment as much as possible to avoid applying for interest relief. From the bank's point of view, it is natural to hope to repay the principal and interest as agreed, so the success rate of applying for deferred repayment will be higher. After all, there is not much harm to the interests of banks.
2. Borrow money from relatives and friends for repayment.
If the bank does not agree to negotiate the application, it can try to borrow money from relatives and friends to repay the mortgage first to avoid overdue.
After the economic situation improves, we should also pay off debts in time and safeguard personal credit.
3. Liquidate assets to obtain funds.
If you have some valuable assets that are easy to realize, such as cars or precious jewelry, you can get repayment funds after realizing these assets, and then you can get funds to repay the mortgage, so as to avoid overdue debts and maintain your credit report.
4. Find a third party to guarantee for yourself.
For example, you can find some individuals or enterprises with excellent qualifications to guarantee for yourself. If you can find these guarantors, the bank may reduce its concerns and may agree to negotiate the application.
Because the guarantor is jointly and severally liable for debts, the bank will no longer worry too much about the lender's failure to pay the mortgage. In order to reassure banks as much as possible, the third-party guarantees sought should have good qualifications and cannot be found casually.
5. Provide more mortgage loans to banks.
If you still have some valuable assets, but don't want to realize them, you can temporarily mortgage them in the bank. After the bank's evaluation, if it is found that the collateral provided does have a certain market value, which can reduce your potential losses, it may give you more tolerance time and enough time to raise funds to repay the loan.
6. Find ways to increase your income.
Our income is the guarantee of repayment ability. As long as there is a stable and sufficient source of income, there will naturally be no problem in future repayment. Therefore, we need to find ways to improve our income level, such as doing part-time jobs or other methods to prevent ourselves from being overdue for many times in a short time, and then improve our ability to get more opportunities to make money.
Under normal circumstances, after the mortgage is overdue, the bank will not immediately deal with the mortgaged property. Only when there is such a serious overdue behavior as "three consecutive six" will banks take tough management measures, so even if there is repayment pressure, we should try our best to avoid the overdue of "three consecutive six" and not bring too much influence to ourselves.
Pay attention to personal credit at ordinary times, and don't blindly apply for loans. Otherwise, once big data is spent and you want to apply for loans, you will be refused loans because of insufficient comprehensive scores. You can get a big data report in "Sixi Data" to clearly know your situation in online lending big data. The database cooperates with more than 2,000 online lending platforms, and the queried data is relatively accurate and complete.
Extended data:
What is the difference between a 20-year mortgage and a 30-year mortgage?
The main difference between a 20-year mortgage and a 30-year mortgage is that.
1, with different terms.
A 30-year mortgage is ten years more than a 20-year mortgage, and it needs to bear the repayment pressure for another ten years.
2. Interest and total repayment are different.
Even if the total loan amount is the same, the loan interest rate is the same, and the repayment method (equal principal and interest or average capital) is the same, but the 30-year mortgage is more than the 20-year mortgage, and the interest to be repaid is naturally much more than the 20-year mortgage, and the final repayment amount is also more.
3. The monthly payment (monthly repayment amount) is different.
Because 30 years is a relatively long term, with the same loan amount, the monthly repayment amount of a 30-year mortgage will be less than that of a 20-year mortgage, and the monthly repayment burden will be relatively lighter.
It is suggested to choose the appropriate repayment period according to your own economic situation and repayment ability. If your income is not low, you can choose a 20-year mortgage. If the income is average, it will be better to choose a 30-year mortgage to avoid excessive monthly payment and high overdue risk.