It means that the borrower defaults.

The mortgage contract is signed between the borrower and the loan bank, and the purpose of signing it is to require the borrower to fulfill the agreement and repay the loan on time.

Buying a house with a loan means that before the borrower repays the loan on time, the bank has already given the loan and the bank has taken the lead in fulfilling the contract. If the borrower fails to repay the loan on time, theoretically speaking, the defaulting party will be the one.

What's more, the borrower should seek compensation from the developer because the real estate developer has breached the contract. If the mortgage is stopped, it is equivalent to transferring all the responsibilities of the developer to the lending bank, which is unreasonable.

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This means taking risks.

Although uncompleted residential flats are the biggest risk, if the mortgage is stopped, the risk of overdue penalty interest and credit damage will continue to increase, and the risk will only increase.

Generally, the overdue penalty interest is clearly stipulated in the signed mortgage contract. From when, at what interest rate, how much, and so on. Banks only follow the process, but for borrowers, they have to bear the risk of accumulated overdue penalty interest.

Credit damage refers to the default behavior of overdue repayment due to the suspension of mortgage loan, which will be truthfully reported by the bank to the central bank's credit information system, leaving a negative record of personal credit information, indicating that the individual's past repayment behavior has bad credit.

What will the bank do after the mortgage is cut off?

If the borrower applies for a mortgage, but the property is unfinished due to other reasons, many borrowers can't recover the deposit and can't let the developer start work again, they will choose to stop lending.

In the legal sense, if the borrower does not have clear evidence to prove that the reason for the unfinished property is related to the bank, it cannot unilaterally stop lending. You need to find the developer directly, then make a judgment and finally apply for loan suspension.

If the borrower forcibly stops lending, it is likely to produce overdue records, which will affect personal credit information. If the bank is serious, it may choose the borrower, and the borrower can't even get the down payment back.

The correct approach should be for the borrower to develop the business directly after the business is not completed, or to find the loan application bank to inform the current situation, and then ask for negotiation and apply for loan suspension.

According to the regulations, if it is really because the bank lends money to the developer in advance in violation of regulations, resulting in the unfinished property, the bank needs to bear certain responsibilities. If it has nothing to do with banks, the high probability is also a problem for developers. Borrowers can choose to apply for loan suspension and get back the down payment and deposit.

What is the suspension of real estate loans?

When many people suddenly saw the news about "mortgage suspension", they were a little confused and didn't understand what was going on. If the loan is stopped, does it mean that you can only buy a house in full in the future? In other words, this is only a temporary situation, just wait for recovery. In fact, it is normal to have this question. After all, it is closely related to the business of ordinary people buying houses. As for what happened when the specific property stopped lending, let's take a look.

What is the suspension of real estate loans?

1. What is the suspension of real estate loans?

There are two possible explanations:

1. Due to some risks in the real estate market, such as uncompleted residential flats, many people who bought houses with loans could not get back the property they bought as originally planned, but asked the lending bank to stop repaying loans.

2. Due to the shortage of bank lending funds, it is unable to meet the demand for large loans such as mortgages, or it is necessary to adjust the new mortgage policy. Banks take the initiative to suspend the housing loan business and resume mortgage loans after sufficient funds or adjustments.

Second, the consequences of stopping mortgage repayment.

1, the bank loan funds cannot be recovered, and the situation is difficult and the funds are tight;

2. According to the loan contract, the borrower shall bear the corresponding overdue penalty interest and personal credit damage risk.

Third, the reason why banks suspended lending.

1. The risk of real estate is rising. Loans secured by real estate may have unrealizable risks if they cannot be recovered on time;

2. In the long run, it is necessary to make overall arrangements for bank funds, adjust some lending businesses and suspend mortgage loans.

3. Banks stop lending to real estate, which can also prevent a large amount of funds from flowing into the housing market, avoid real estate speculation and properly control the current environmental situation.

What will happen if the mortgage stops lending?

1. Enter the blacklist of credit information.

For the problem of non-repayment or default of mortgage, the bank will first urge the borrower to repay, and those who fail to repay within the time limit will enter the blacklist of credit information. It is impossible to apply for any loan from the bank again within five years after entering the blacklist, which seriously affects personal loan consumption.

2. The property was auctioned.

Sometimes in TV series, after the company goes bankrupt, his house will be auctioned or sold by the bank, which is also the case in reality. There are only two situations in which the mortgage is broken: one is that there is no money, and the other is that there is really no money.

In these cases, the bank will confirm first. If the lender takes the mortgage bank as the guarantee, the bank will auction or sell the mortgaged property publicly. Of course, the proceeds from the auction will be used to repay the outstanding loan of the lender. If there is any surplus, the bank will return the remaining money to the lender.

If the auction proceeds are not enough to repay the loan, the bank will freeze the borrower's bank deposits and even file a lawsuit to repay the bank's losses in various ways until it is paid off.

3. The repaid mortgage cannot be recovered.

After buying a house with a loan, buyers have to repay the loan on a monthly basis. If the property buyers choose to cut off the supply because of housing prices and other issues, the loans already paid to the bank cannot be recovered.

4. The lender shall be liable for breach of contract.

If the lender fails to repay the bank loan for many times, for a long time or on time, it will have a certain impact and loss on the operation and interests of the bank. In this case, the lender shall bear certain liabilities for breach of contract. Not only to repay the loan principal and interest and liquidated damages, but also to pay the relevant expenses of the bank lender.

What happened to the bank's suspension of mortgage loans?

1. It is precisely because of the relevant regulations issued by the state that banks have a red line. As long as the loan amount exceeds this red line, no more loans can be made.

2. Banks are short of funds and busy with business, so many people apply for loans, so there is a phenomenon of waiting for loans.

3. The new mortgage policy is implemented locally, and banks need to make adjustments and re-examine.

4. The risk of the property market is rising, and banks don't want too much money to flow into the real estate market.

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First, the analysis of the reasons why many banks were exposed to suspend mortgage loans

A number of banks were exposed to suspend mortgage loans because at the end of 65438+February last year, the state issued relevant notices to limit the proportion of mortgage loans to curb the rise in housing prices.

Now many families want to buy a house of their own in the city, but because the house price is really too high, it may take them most of their lives if they can buy a house, so Mu people have many suites, which leads to rich people, but some poor people may spend most of their hard-earned money on buying suites. In this case, the state issued relevant notices, only limiting the proportion of bank loans. In other words, if developers want to borrow money to develop real estate, they may not be able to do so this month. Because the mortgage is very tight now, they can't get a loan at once, so they won't develop too many properties. It takes a long time for some people who want to buy a house. Therefore, this regulation is used to restrict everyone from buying a house and curb the rise in house prices.

Can I apply to the bank to suspend my mortgage?

Hello! You can apply to the bank for temporary (zàn) loan suspension, and you can apply to the bank for loan suspension. If the borrower has difficulties recently and cannot keep up with the funds, he can apply to the bank for an extension. Generally, it is necessary to apply to the loan bank for deferred repayment, and only after it is approved can the relevant procedures for deferred repayment be handled. This kind of deferred repayment is actually an extension of the loan term. Each borrower has only one opportunity to postpone repayment, and the sum of it and the original loan term cannot exceed 30 years.

Why did the bank stop issuing mortgages?

For the real estate market, the slightest change can be regarded as a fear. Recently, some media reported that nearly 20 banks have stopped mortgage loans, and it is expected that in the next period of time, more banks will join the ranks of stopping mortgage loans. After the news came out, it was a bolt from the blue for some people who didn't have enough money but needed to buy a house. People who can't afford a house can't even get a loan, and everyone is panicked. So why did the bank stop mortgage? What should we do if the bank stops mortgage? Next, let's learn about the knowledge that banks stop mortgage loans.

Why did the bank stop mortgage?

From the big environment, banks are not unwilling to lend money when they stop lending, but have to tighten their mortgages. There are several main reasons:

From the policy point of view, banks in China are implementing the People's Bank of China's purchase restriction policy, and the country's macroeconomic policy is mandatory to some extent. Even in order to control the mortgage, the real estate purchase restriction policy has been introduced, while the demand for houses in China is still increasing, and the number of people who borrow money to buy houses is also increasing. In the long run, banks are overwhelmed, the property market absorbs a lot of liquidity, and the leverage ratio of residents is too high. The whole national economy will be affected, so in order to make the property market develop steadily, the government has implemented some regulatory measures, among which banks are influenced by the property market regulation and control the scale and pace of mortgage loans. As a national financial tool, banks should naturally play a certain regulatory role. Tighten mortgage loans to prevent a large amount of funds from flowing into the real estate industry, thus curbing real estate speculation and allowing those who really need loans to enjoy the rights and interests of loans.

Judging from the bank's deposit funds, due to the different composition of the bank's own business, the bank's deposit scale has declined recently, which has also affected other businesses such as stock trading. On the other hand, the term of individual housing loans is generally between 10-30 years, and the liquidity of banks is not good. In addition, the bank's liquidity is used for money funds, online loans and personal loans. In the long run, the bank's funds will be occupied for a long time, and the liquidity will be extremely poor, resulting in a serious mismatch of funds. Once there is a bad mortgage, it will also be a fatal blow to banks.

In terms of profitability, the main reason why banks are unwilling to accept mortgages is that the interest rate on mortgages is not high, and the money that banks can earn is actually very small. Therefore, making no money on mortgage loans is also an important reason for banks to stop mortgage loans. 20 18 the people's bank of China cut interest rates by RRR, and the interest rates of major banks were adjusted. Coupled with the high interest rate of private finance, the competition in the whole savings deposit market is extremely fierce, and the cost for banks to absorb deposits rises, while the fluctuation range of mortgage interest rate can only be based on the benchmark interest rate of the central bank.

From the risk point of view, not long after the 2008 financial crisis, the original lessons are still vivid. Now house prices are soaring, people's debt ratio is rising, and financial risks still exist. In order to avoid risks, banks have to stop lending.

Now that we know the reason why the bank stopped lending, what impact will it have after the bank stopped lending?

1. After the bank stopped lending, small real estate enterprises were undoubtedly the hardest hit areas. Usually, small real estate enterprises need a lot of cash flow to maintain their daily business operations. Now that bank loans are tightening, the amount of loans that small real estate enterprises can get is limited. Even if they can't get loans at all, the financial pressure faced by enterprises will be increasing. Once the capital chain breaks, there will even be the risk of bankruptcy.

If the bank stops mortgage, the cost of buying a house will increase. As we all know, in the past, commercial loans could reach up to 70% of the house price, which means that we only need to pay at least 30% down payment, which greatly eased the pressure on us to buy a house. But now that banks have tightened loans, the original 30% down payment is unacceptable to those who need to buy a house. With the increase of the cost of buying a house, the financial pressure will be greater and greater.

For people with multiple houses, the repayment pressure is even greater, because the bank interest rate rises and the daily expenses of buyers are also great.

Generally speaking, there are many reasons for banks to stop mortgage loans, such as responding to national policies, banks' own factors and curbing real estate speculation. The above is my answer to why the bank stopped mortgage, I hope it will help you.

The introduction of why the mortgage stopped lending and why the mortgage stopped lending ends here. I wonder if you found the information you need from it?