1. After paying off the loan, the borrower goes to the bank to get the Application Form for Cancellation of Real Estate Mortgage, Certificate of Real Estate Ownership and other related materials;
2. Bring my valid ID card, real estate license, land certificate and the above information to the original mortgage registration department for mortgage cancellation;
3. The staff will review the mortgage cancellation application materials, and will go through the cancellation procedures on the spot after the review is correct.
Details that should be paid attention to when handling the cancellation of house mortgage:
1. If the mortgagee is a financial institution, the financial institution shall issue an application for cancellation of mortgage registration.
2. If the mortgagee is an enterprise, the enterprise shall submit an identity certificate and issue an application for cancellation of mortgage registration.
3. If the mortgagee is an individual, a notarized Application for Cancellation of Mortgage Registration shall be submitted in person at the receiving window.
4. If an agent is entrusted, the agent shall have a power of attorney, identity card, etc.
Some mortgagors have gone through the guarantee procedures when they apply for loans. Such homeowners need to go to the guarantee company to cancel the guarantee procedures, and then they can go to the Housing Authority to handle the relevant property rights procedures.
6. When the mortgage relationship is terminated, the parties to the mortgage shall cancel the registration at the original registration department within 05 days from the date of termination.
7. Remember to retrieve the legal documents and relevant supporting documents kept by the bank.
Extended data
The significance of housing mortgage loan is as follows:
1. Provide financial support for real estate development and operation.
Because real estate development has the characteristics of large investment and long construction period, it needs to invest a lot of money in all aspects to run, and it is difficult to maintain it only by the developer's own funds. The contradiction between centralized capital investment and decentralized capital sources, large capital investment and small capital sources always threatens the survival of real estate enterprises.
2. Support housing consumption
Whether from abroad or from the practice of domestic housing commercialization development, buying a house is not an easy task. In Shanghai, the average price of commercial housing within the inner ring exceeds 7,000 yuan per square meter, and it takes 500,000-600,000 yuan to buy a house of 70-80 square meters. For most residents, it is extremely difficult to spend so much money to buy a house.
3. It is beneficial for banks to develop new business and reduce credit risk.
Real estate is one of the pillar industries of the national economy. Through the reform of housing system, housing has entered thousands of households as a consumer product, and its market and development potential are great. The timely provision of mortgage loans by banks will help broaden the supply market of real estate debt funds. In addition, in recent years, specialized banks in China have been plagued by credit risks, and the implementation of mortgage loans has become the main means to reduce credit risks.
4. It is conducive to promoting the development of the whole real estate system.
The development of housing mortgage loan can promote the prosperity of housing finance market, thus promoting the development of real estate industry and perfecting the real estate market system. In many western countries, the first-hand and second-hand housing market is also quite active, so buyers can easily buy the houses they need and sellers can easily sell their houses. Ordinary residents have bought and sold houses several times in their lives.
5. It is beneficial to the government's macro-control.
While promoting the development of the real estate market system, housing mortgage loan is also an effective tool for the government to carry out macro-control. Generally, the government can adjust the surplus and shortage of funds in the housing financial market by adjusting financial instruments such as credit interest rate, credit line, discount rate and mortgage term, so as to achieve the national industrial policy objectives.
6, is conducive to improving the housing conditions of residents.
Housing mortgage loan can improve residents' housing conditions and living standards. For example, the United States can not only meet the housing needs of its residents in quantity, but also reach a higher level in the quality of living.
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