Yes, but after mortgaging loans overdue, you must pay interest in addition to your interest. Overdue 1 day will also receive credit information. The People's Bank of China won't care why you are overdue. As long as you are overdue, it will be recorded in the system immediately. Personal credit report is an objective record. No matter whether 1 day is overdue or 90 days is overdue, it will be recorded truthfully. Credit card overdue 1-30 days is marked as 1, 3 1-60 days is 2, and so on, 180 days is 6; The larger the number, the more serious the overdue.

mortgage

Mortgage loan, also known as house mortgage loan. Mortgage means that the buyer fills in an application for mortgage loan to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to issue loans to the buyer after passing the examination, and handle real estate mortgage registration and notarization according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.

Bank processing flow of overdue mortgage loan:

1. For more than three times in a row, the bank account manager of the loan will directly call and start to urge the repayment on time, and will also come to the door to urge the loan. At the same time, the loan applied by the borrower will be punished.

2. If it reaches more than six times, the bank will protect its rights and interests through legal means, and the bank's lawyer will call to remind you of the consequences of not paying back on time. During this period, the mortgaged property will be frozen and repayment will be negotiated.

3. After negotiation, if the borrower can't repay the loan, the bank will auction the property through legal procedures, and the guarantor will bear joint liability for recovery.

4. The borrower will not be able to obtain loans from other financial institutions and have a bad record in the personal credit information system.

Overdue repayment:

1. Extension of loan term:

If you can't repay the mortgage on time according to the original repayment plan, you can apply to the bank for an extension of the loan period. As for the extension time, the bank also stipulates that the extension period of short-term loans shall not exceed the original loan term, while the extension period of medium-term loans shall not exceed half of the original loan term, and the extension period of long-term loans shall not exceed three years.

2. Apply for repayment extension:

If property buyers can't repay their mortgages on time due to accidents, they can apply to the loan bank for loan extension 30 days in advance. After the bank verifies that it is correct, it will appropriately extend the mortgage term and reduce the monthly payment. When the borrower is unable to repay the loan, he can temporarily explain the situation to the bank and apply for deferred repayment.