After the mortgage is paid off, you need to go through the following procedures: 1, housing loan settlement procedure 2, mortgage cancellation procedure 3, surrender procedure 4, and deposit refund procedure: 1. After the mortgage is paid off, the first thing to go through is the housing loan settlement procedure, because all the procedures to be handled in the future require the borrower to provide the housing loan settlement certificate. 2. After completing the mortgage settlement procedures, you need to bring your ID card, loan settlement certificate and other documents to the housing management department to handle the mortgage cancellation procedures, because only after completing the mortgage cancellation procedures can you transfer the property to your own name and truly own the ownership of the property. 3. When banks handle mortgage loans, they often need to handle some related insurance business as a guarantee. After the mortgage is paid off, it is natural to go to the insurance company for surrender procedures. 4. If you buy a house with a loan, you may pay a deposit at the developer, so you need to go to the developer to refund the deposit after the mortgage is paid off. Can I make an understanding mortgage if I haven't released it for 5 years after the mortgage is paid off? For the case that the mortgage has not been lifted after five years, the customer can go through the formalities of understanding the mortgage afterwards. After all, there is no time limit for banks to release houses. As long as the information is complete, customers can go to the Housing Authority to understand the mortgage procedures. Of course, if some materials are lost for a long time, it may affect the procedures for canceling the mortgage. Therefore, it is recommended that customers should complete the formalities of canceling the mortgage as soon as possible after paying off the mortgage. In addition, if you buy insurance when applying for a loan, you need to go to the insurance company to go through the formalities of surrender. After the mortgage is paid off, you must first apply for a loan settlement certificate at the bank. After the loan settlement certificate is completed, you can take it to the housing management office and the insurance company to repay the mortgage. You can immediately issue a loan settlement certificate to the bank, retrieve other tickets, and go to the Housing Authority to cancel the mortgage registration with personal identification certificate, real estate license, loan settlement certificate and other tickets. Moreover, we also need to note that the house really belongs to the customer after the mortgage registration is cancelled. If it is not published, customers can't add their names to the real estate license. If the customer is temporarily unable to go through the formalities of understanding the mortgage, he can actually find someone else to help him prepare the power of attorney issued by the notary office.
Second, what should I do after the house loan is paid off?
After paying off the mortgage, you have to cancel the mortgage and go back to the house insurance. After paying off the mortgage, you should bring the real estate license, ID card and loan settlement certificate in time and go through the mortgage cancellation procedures at the local housing authority. If the mortgage has not been released, it will always be in the state of mortgage, which will have an impact on the subsequent handling.
After the formalities are completed, the bank will go to the Housing Authority to handle the mortgage cancellation procedures with personal ID card, house title certificate, house purchase contract and other materials. Only by completely canceling the mortgage can the house truly belong to the buyers in law.
It is worth noting that if there are multiple names on the property right certificate, at least one property owner must be present and bring the original ID cards of other property owners. If there are minors among the property owners, you must bring the original ID card of the guardian. Secondly, many housing developers charge buyers a deposit when they sell their houses. At this time, we should pay attention to find them to handle the deposit refund procedures.
3. What are the procedures for buying a house with a loan and paying off the mortgage?
The house bought with the loan is mortgaged and needs to be released.