After the house mortgage loan is paid off, you should go to the bank to apply for a settlement certificate. After the bank issues the settlement certificate, the bank staff will bring the settlement certificate and the buyer to the real estate bureau where the property is located to handle the mortgage cancellation procedures of other warrants.

Mortgage loan refers to a loan business conducted by mortgage. For example, housing mortgage loan is a personal housing loan business in which buyers use the purchased housing as collateral and the real estate enterprises that purchase the housing provide regular guarantee. The so-called mortgage means that the mortgagor transfers the property rights of the house to mortgage, and the beneficiary acts as the repayment guarantor. After the mortgagor pays off the loan, the property rights involved are immediately transferred to the mortgagor, and the mortgagor enjoys the right to use in this process.

Source: Baidu Encyclopedia Mortgage