The repayment period in mortgage to buy a house can be changed, but the procedure is complicated. If the change period is increased, the sum of the change period and the borrower's age shall not exceed 70 years old, and the mortgage registration can only be re-applied after signing the post-loan contract change letter and reporting it to China Bank for approval. If the change period is shortened, the borrower shall show proof of income increase, so as to pay off the loan in a short time and go through the remaining formalities by increasing the period. The word "Mortgage" is a cantonese transliteration of the English word "mortgage", which refers to obtaining bank loans with real assets such as real estate or securities and contracts as collateral, and repaying the principal and interest in installments according to the contract. After the loan is paid off, the bank returns the collateral. Mortgage means that the mortgagor takes the mortgage beneficiary of property right transfer as the repayment guarantee. After the mortgagor pays off the loan, the beneficiary immediately transfers the property rights involved to the mortgagor. In this process, the mortgagor enjoys the right to use the property. You can repay the loan directly in advance without modifying the loan term. Some banks can apply for shortening the repayment period, some banks have requirements for repayment time and liquidated damages, and some do not. When signing a loan contract, if you intend to shorten the repayment period in the future, you'd better consult the bank, understand the relevant regulations, and make a choice according to your actual situation, so as to avoid endless future troubles. "You have to determine your loan period first, and then make a loan. Once the loan term is determined, it cannot be changed halfway. But you can repay the loan in advance, that is, you pay off all the money in advance before the loan deadline.

Lenders are advised to apply for prepayment, so that they can apply for shortening the service life and changing the service life of housing loans. However, it depends on how the loan contract is agreed, whether there is a penalty, and whether there is an early repayment. Usually these problems will be stipulated in the contract. ""Some property buyers want to adjust the loan term due to changes in their own economic conditions. Under normal circumstances, the repayment period cannot be changed directly, but it can be changed through consultation with the bank.

In addition, you can also go to the bank to make part of the advance payment. Partial prepayment means that when you have spare money, you can directly return tens of thousands of principal to the bank. After prepayment, there are two options: one is that the repayment period is unchanged and the monthly repayment amount is reduced; The other is that the monthly repayment amount remains unchanged and the repayment period is shortened. "

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