1, the bank stops mortgage, that is, the bank stops providing housing loans to users. In fact, stopping lending is a policy to control the rise in housing prices. In the case of loan suspension, the difficulty and steps of buying new or second-hand houses become more complicated, which will affect the transaction volume to a certain extent, so the growth rate of house prices will gradually slow down in the short term, but the house prices will not fall in the short term. The bank's suspension of loans will inevitably increase the pressure on customers who are interested in buying houses but have limited ability.
2. The suspension of mortgage means that the buyers take the initiative to stop repaying the mortgage. If the buyers refuse to continue to repay the loan, the owners may be held accountable by the bank. In addition to demanding continued repayment, it may also be required to bear the liability for breach of contract. In the case of termination of the contract, the bank also has the right to demand termination of the contract and investigate the responsibility. If the bank wins the case and the buyer refuses to execute it, it can be enforced.
What is the process of suspending prepayment of mortgage?
The prepayment process is as follows:
1. The applicant shall make an appointment with the staff of this institution in advance and confirm the application materials;
2. The applicant prepares the information and goes to the bank to handle it;
3. Go through the formalities with the subscriber and sign an agreement;
4. Pay the remaining amount and other expenses (liquidated damages, etc.). );
5. The bank issues a loan repayment certificate;
6. Mortgage settlement, bank staff registration system.