If the mortgage bank loan is not due, the user can negotiate repayment with the bank. After successful negotiation, the loan can be repaid according to the agreed content. If negotiation fails, users need to borrow money from relatives and friends around them to repay the loan if they still want a house. If they don't want a house, they can let the bank auction the property and repay the loan with the proceeds from the auction.
In fact, the mortgage loan is overdue, and users should contact the bank in time. If repayment cannot be made due to special reasons, the bank agrees to negotiate repayment.
Mortgage risk
The risk of default includes compulsory default and rational default. Compulsory breach of contract refers to the passive behavior of the borrower, and the theory of ability to pay holds that compulsory breach of contract is caused by insufficient ability to pay. This shows that the borrower has the willingness to repay, but has no ability to repay. Rational breach of contract refers to the borrower's active breach of contract. According to the equity theory, in a perfect capital market, the borrower can only make a decision whether to breach the contract by comparing the unique rights and interests in his house with the size of mortgage debt. When the real estate market price rises, the borrower can transfer the house to pay off the loan, recover the cost and get a certain profit; When the real estate market price drops, in order to pass on the loss, even if he has the ability to repay, the borrower voluntarily defaults and refuses to repay.
Liquidity risk refers to the risk that short-term deposits and long-term loans are difficult to realize, and liquidity is an important principle for banks to ensure asset quality. Today, liquidity risk is reflected in two aspects. First, at present, China's housing loans mainly come from provident fund and savings deposits. Savings deposits absorbed by banks belong to short-term deposits, generally only three to five years, while housing mortgage loans belong to long-term loans. This short-term deposit and long-term loan behavior makes the liquidity of banks very low, which in turn brings liquidity risks. Second, the assets and creditor's rights held by banks are not easy to be realized, which easily leads to liquidity risk. In this way, banks may lose more favorable investment opportunities in the financial market and increase the losses caused by opportunity costs.
Business cycle risk refers to the risk caused by the periodic fluctuation of the overall level of the national economy. Compared with other industries, the real estate industry is more sensitive to the business cycle. With the economic expansion, the income level of residents has improved, and the market demand for real estate has increased, so it is not a problem to realize the house. Banks and individuals are full of optimistic expectations for the future, and the number of housing mortgage loans issued by banks has also increased dramatically. The economy is depressed, the unemployment rate is rising, the income of residents is sharply reduced, and a large number of loans cannot be repaid. Even if the house has been mortgaged to the bank, it cannot be realized because of the weakness of the real estate industry. At this time, the mortgage risk is transformed into bad debts and losses of banks, and banks are faced with a large number of "bad debts", which can easily lead to credit crisis and even bank bankruptcy.
Interest rate risk refers to the risk brought by the change of interest rate level to the value of bank assets, which is determined by the capital structure of short-term deposits and long-term loans. Fluctuations in interest rates, whether rising or falling, will bring losses to banks. If the interest rate rises, the interest rate of housing mortgage loans will also increase, which may increase the repayment pressure of borrowers. The higher the loan amount, the longer the loan term and the greater the impact, thus increasing the risk of default. If the interest rate falls, the borrower may borrow from the current capital market or borrow again at a low interest rate to repay the loan in advance, which will bring risks to the bank. The main performance is that the occurrence of early loans makes the cash flow of housing loans uncertain, which brings certain difficulties to the intensive assets and liabilities of banks.
What should I do if I can't afford the mortgage with my house?
If the mortgage loan is not paid, users can choose to apply to the bank for deferred repayment or let the bank auction the property directly. If the user's current repayment ability is insufficient, deferred repayment can ensure that the user has enough time to prepare repayment funds.
After the user's economic situation changes, he can't repay the loan in the future, and the bank can auction the property, and the proceeds from the auction can be directly used to repay the mortgage.
Housing mortgage loan is a kind of loan provided by the bank to ensure the safety of the loan. The borrower's real estate, securities and other documents can legally obtain the lien and pledge of the borrower's property through certain contracts.
This kind of loan is actually a loan method in which the debtor (mortgagor) legally transfers the property ownership to the creditor (mortgagee) to obtain a loan. During this period, if the debtor fails to repay the loan principal and interest on schedule, the creditor has the right to dispose of the collateral and get priority compensation.
This loan method can reduce the loan risk of creditors and provide the most effective guarantee for creditors to recover their loans. The use of mortgage loan in housing credit is based on the security, liquidity and profitability of bank operating funds.
Because the borrowers of this kind of housing loan are mostly individual residents, and it is impossible for banks to clearly understand the financial strength and credibility of borrowers, which increases the risk of bank loans, and mortgage loans provide creditors with effective protection to recover loans just under the condition of high loan risk. Therefore, most banks use mortgage loans when granting housing loans to individual residents.
Mortgage housing loan actually refers to the variety of commercial housing that customers already have that can be listed and circulated with mortgage bank loans. Unlike second-hand housing loans and first-hand housing loans, customers already own real estate, not about to own it.
Mortgage housing loans need to have clear loan purposes and cannot be used for purposes explicitly prohibited by laws and regulations, such as real estate speculation and stock speculation. It is required that mortgage housing loans should be earmarked for special purposes and be supervised by lenders and regulatory agencies. If violations are found, the bank has the right to recover the loan.
Housing mortgage loan refers to a loan in which the borrower takes the purchased house and other property with ownership as mortgage or pledge, or a third party provides guarantee for the loan and assumes joint liability. It is a triangular relationship with housing sales contract, housing mortgage agreement and housing mortgage loan contract as the link.
When will the bank repossess the house when the mortgage loan cannot be repaid at maturity?
The bank will not take back the house immediately, but will preserve the property, and it is not allowed to rent it during the property preservation period. It takes three stages to recover the house.
1. If the loan cannot be repaid at maturity, the bank will ask you for repayment.
2. If you still don't repay, you will be sentenced to repay within a time limit.
3. If the repayment is not made within the specified time, the bank will ask for compulsory execution and auction the mortgaged house.
In addition, the mortgaged house you mentioned is a commercial house, not a residence, and the bank can take it back.
What should I do if the mortgage is not repaid? Legal consequences of non-payment
Nowadays, most people urgently need money in their lives, and the amount they need is very large. In order to borrow money from banks, people usually mortgage their houses to banks, which makes it easier to get loans. So what if you are worried that the mortgage will not be paid? What are the legal consequences?
Nowadays, most people urgently need money in their lives, and the amount they need is very large. In order to borrow money from banks, people usually mortgage their houses to banks, which makes it easier to get loans. So what if you are worried that the mortgage will not be paid? What are the legal consequences?
Housing mortgage loan is a kind of loan provided by the bank to ensure the safety of the loan. The borrower's real estate, securities and other documents can legally obtain the lien and pledge of the borrower's property through certain contracts.
Housing mortgage loans need to have clear loan purposes and cannot be used for purposes explicitly prohibited by laws and regulations, such as real estate speculation and stock speculation. It is required that the use of mortgage loans should be earmarked and subject to the supervision of lenders and regulatory agencies. If violations are found, the bank has the right to recover the loan.
What should I do if the mortgage is not repaid?
1. Apply for an extension.
If you really can't pay back the money temporarily, you can apply to the bank for a grace period. Generally, if the situation is true, the bank will agree to extend the repayment date to a certain period.
2. Borrow money from relatives and friends to repay the loan
If you are in financial difficulties, but don't want your house to be auctioned, you can borrow money from relatives and friends and repay the bank loan first. In terms of human feelings, relatives and friends may be more or less helpful.
3. Collateral is auctioned
If all means are exhausted and the loan is not paid, the bank will auction the house. Usually, the value of the auction house will be lower than the market price, and the proceeds will be repaid first, and the rest will be mine. So, don't auction the house until the end.
Legal consequences of non-payment
1, resulting in penalty interest.
If the loan is not repaid within a certain period of time, there will be a certain penalty interest. If repayment is not made on time, penalty interest will be charged at 130% of the loan interest rate.
2. Being included in the central bank's credit information system.
Not changing the loan on time will have an impact on your personal credit, and it will also have an impact on handling credit cards and other loans in the future.
3. Bank auction
If the dunning is not repaid for many times, the bank will choose auction to make up for the loan that has been repaid.
What should I do if the mortgage is not repaid? Not to mention the full content of the legal consequences, for most families, the auction of the house means that the life of the family will be turned upside down, so that the children who originally had a warm family can follow their parents in the rented house with bad conditions and rising prices. So if possible, try to avoid such problems.
What are the consequences of loans overdue real estate mortgage?
Real estate mortgage refers to a form of loan that takes the house as the material mortgage guarantee and then applies for a loan from the bank. However, if the consequences are serious once overdue, the following situations will occur:
1. The longer your overdue time, the higher the interest of the bank, because the overdue interest is calculated on a daily basis, so your repayment pressure will increase;
2. During the overdue period, you will be collected by the bank in various forms such as SMS reminder and telephone harassment, which will affect your normal life and work;
3. It will affect your personal credit. Overdue records will be uploaded to the central bank's credit information system, and your credit information will leave a stain. It is difficult to refinance; At the same time, if you go out, you will be restricted from taking transportation. If you are too untrustworthy, you will be blacklisted by the state;
If the overdue period is serious, the bank will inform you that the property may be auctioned, and the proceeds from the house auction will be used to repay the debt.
: 1. How long does it take for the mortgage auction in loans overdue?
1. When the borrower fails to repay the loan on time for the first time, the bank will notify and remind the borrower to repay the loan on time by telephone or SMS, and there will be penalty interest; If it has not been repaid for three consecutive times, it will be urged by the bank manager; The number of overdue repayments reaches six or more times, or the bank and the borrower fail to negotiate, and the bank will auction the house to repay the loan, which usually takes about three months;
2. How long the mortgage in loans overdue will be auctioned depends on the dunning measures of the bank you borrowed, but the overdue time and the measures to be taken after the overdue will be specified in the general loan contract. So look carefully when signing the contract.
2. What can be used as collateral for bank mortgage loans?
Real estate. Bank mortgage loans can be used to mortgage real estate first, including your personal housing, family housing, real estate factories, shops and so on. However, mortgage loans with real estate generally need to be evaluated first, and the loan can reach 70% to 80% of the evaluation price after the evaluation is completed.
Won't bank house mortgage loan still have an impact on children?
Mortgage is actually a personal behavior and will not affect children. However, if you don't pay back the money all the time, it will affect your child's education after being included in the list of untrustworthy people by the bank.
Once blacklisted for dishonesty, children are restricted from attending high-fee private schools and cannot fly. Especially in some colleges and universities, strict qualification examination may also lead to children not being admitted to the school.
Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity.
Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.
Vehicle mortgage
Automobile mortgage is a loan obtained from a financial institution or an automobile consumption loan company with the borrower's or a third party's car or self-purchased car as collateral.
The purpose of loans with automobiles as collateral is mainly automobile consumption. Of course, cars depreciate rapidly, and traffic accidents are likely to affect the value of vehicles. There are relatively few ways for financial institutions to issue loans with cars as a single mortgage. ) The emergence of automobile mortgage service platform "Easy Car Loan" provides a new channel for people who own private cars to borrow money in the short term.
With Auto Easy Loan, customers can use the ownership of their own vehicles as collateral to obtain short-term financing needs. It broke through the traditional vehicle mortgage loan model and put forward the service of "vehicles without mortgage". The vehicle loan applicant can continue to use the vehicle after going through the formalities only by installing the GPS positioning system on the mortgaged vehicle, without pledging the vehicle like the traditional vehicle mortgage loan, and will not lose face or cause inconvenience in travel because the vehicle is pledged, and can obtain funds as soon as possible on the same day.
house property mortgage
Real estate mortgage loan refers to the RMB loan in which the borrower mortgages the purchased commercial house, and the loan bank provides the borrower with a package of financial services to meet his various needs such as house purchase, parking space, large durable consumer goods, automobiles and house decoration. Financial institutions are
Give the borrower a certain credit line within the specified mortgage rate. Generally speaking, the loan approval and lending cycle of financial institutions are relatively long.