The mortgage is paid off, life is complete, and you are free from now on. This is a beautiful day that many people are looking forward to. It really means that this suite belongs to you completely after the mortgage is paid off, but don't get carried away, because you still need to decompress after the mortgage is paid off, otherwise everything will not be completed. What procedures do you need to decompress after the mortgage is paid off? Let's take a look at the specific introduction.

What procedures do you need to decompress after paying off the mortgage?

1 After the mortgage is paid off, the bank staff will give you a notice, which is equivalent to the loan settlement certificate;

2. Bring the original and photocopy of the personal ID card and the original and photocopy of the mortgage contract to the Housing Authority to apply for cancellation of the mortgage;

The Housing Authority will cancel the mortgage registration for you after the audit.

Even if you don't pay off the mortgage after buying a house loan, you can still get the house. You can pay attention to the mortgage records on the house book, including the mortgage amount and term. The bank keeps other warrants printed by the local housing authority. After the loan is settled, the bank will return the other warrants of your house to you. You can go to the Housing Authority to go through the mortgage cancellation procedures with relevant information, and the property right will be 100% owned by the owner, who can choose to sell or mortgage the loan again.

The above is the answer to what procedures are needed for mortgage decompression, and I hope it will help you. If the bank doesn't give you the relevant settlement certificate after the mortgage is paid off, remember to ask clearly so as not to delay the follow-up procedures.