Many people take out loans to buy houses. With the mortgage down, the lender is ready to repay the loan. Many people are not sure when the first month mortgage will come down. In fact, the repayment time of mortgage is relatively easy to determine. Today, I will give you a brief introduction, and by the way, some matters needing attention in the first month of repayment.

When will the first month mortgage be paid back?

You don't have to pay it back in the second month after the mortgage, and you don't start paying the first loan until the next month after the bank mortgage. The specific repayment time varies according to the type of mortgage.

If it is a pure business, the repayment date is the loan date, that is, when the bank lends money, the next month and the next month's date are the loan repayment date; Some repayment dates of provident fund loans are stipulated in the contract, and some are fixed on the 20th of each month.

In order to make the lender repay the loan on time, the lender will receive a repayment reminder message about 3 days after repayment, and the specific repayment date will be mentioned in the message. Lenders should always pay attention to short messages and don't treat them as spam messages.

Matters needing attention in the first month of mortgage repayment:

1. The repayment method and amount of pure commercial loans in the first month are the same as those in other months. Except for the adjustment of mortgage interest rate, there won't be much change, so just make sure there is enough money in the repayment bank card. If the money is not enough, it must be deposited into the account in advance on the day of repayment. Remember that banks will only deduct money once on the repayment date, and there is no grace period for mortgage loans. Deduction failed on the same day, and deduction was made on the next day, but the repayment date is still overdue.

2. When handling the provident fund loan, the funds shall be deducted from the balance of the provident fund account for repayment. If the balance of the provident fund account is insufficient, the money will be deducted from the repayment card. However, the first month repayment is not the balance of the provident fund account, but the money is directly deducted from the repayment card, and the lender must deposit enough money in the repayment card at least one day in advance.

The above is the introduction of "when will the first month mortgage be repaid". . In short, in the first month of mortgage repayment, in addition to knowing the repayment date, we should also know the repayment deduction method to avoid the failure of overdue mortgage repayment.

How much does the monthly mortgage account for? Does the mortgage need to be repaid in the month when it is approved?

Mortgage is something that buyers need to experience. Basically, they will borrow money to buy a house, and the premise of borrowing money to buy a house is that the monthly supply can be affordable, otherwise it will be in vain. So, how much is the monthly mortgage payment? Does the mortgage need to be repaid in the month when it is approved? Let's take a look at the detailed introduction I brought!

What is the monthly mortgage repayment?

The proportion of monthly mortgage payment to income depends on the actual income of each family. Taking household income as the measurement unit, there should be three golden lines for the ratio of monthly supply to income:

Article 1, comfort line, mortgage accounts for about 20% of income.

For families, if the monthly income is 1000 yuan, the mortgage accounts for 2,000 yuan, and the remaining 8,000 yuan can be used for other expenses, which is still relatively affluent and will not have much impact on life. Mortgage accounts for 20% of income.

Second, the stability line, mortgage accounts for 20%-35% of income.

Although this ratio may affect the family's quality of life, considering the factors such as house appreciation and income growth potential, the normal life can still be maintained, and the family's material property is still stable at this time.

Article 3. Warning line: Mortgage accounts for over 40% of income.

According to the national regulations on personal loans for commodity housing, mortgage accounts for more than 50% of monthly income and does not meet the loan conditions. When it reaches 40%, it will enter the warning line. At this time, the monthly payment ratio is too high, which brings great challenges to the maintenance of family life and may cause non-performing loans of banks.

Does the mortgage need to be repaid in the month when it is approved?

There is no need to repay the mortgage in the month of approval. After the mortgage application is approved, the repayment will generally start from the next month. If the first repayment date is close to the lending date, it may be delayed by one month (subject to the bank regulations). Of course, because next month is the first repayment, the amount of the first repayment may be more than the amount calculated in advance. The repayment amount in the first month is greater than the planned amount, because the interest is calculated from the month of lending until the repayment date of the next month, and this part of interest is also required to be paid off at the first repayment.

What are the procedures for prepayment of mortgage loans?

Generally, you need to make an appointment with the bank before repaying in advance, and you can consult the relevant policies of the loan bank for details.

1. First, check the requirements for prepayment in the loan contract, and pay attention to whether there is a certain penalty for prepayment.

2. Call the loan bank to inquire about the application time of early repayment and low repayment amount and other materials that need to be prepared.

3, according to the requirements of the bank personally apply to the relevant departments for early repayment.

4. The borrower shall go through the relevant prepayment procedures at the borrowing bank with relevant certificates.

5. Submit the prepayment application form and deposit the prepayment in the counter.

Is it necessary to repay the mortgage in the first month?

No repayment is required in the month when the mortgage is approved. Users are usually allowed to pay back from the following month. Of course, because next month is the first repayment, the amount of the first repayment may be more than the amount calculated in advance. The repayment amount in the first month is greater than the planned amount, because the interest is calculated from the month of appropriation until the repayment date of next month, and this part of interest is also required to be repaid at the first repayment.

After the mortgage is approved successfully, users will begin to prepare for repayment on time next month. If the mortgage has no grace period for repayment, it must be repaid on the repayment date.