After paying off the mortgage, I can't help but apply for forgiveness gambling. Because after paying off the mortgage, you will not automatically go through the mortgage cancellation procedures, and you need to take the initiative to go to the Housing Authority to cancel the mortgage registration. Therefore, after paying off the mortgage, the borrower must remember to contact the handling bank to handle the loan settlement certificate and get back his warrant.

Then bring back the other party's warrants and loan settlement certificates, as well as personal identity cards, real estate licenses and other information to the Housing Authority to understand the mortgage procedures. There is no time limit for releasing the mortgage. If the borrower has no time for the time being, it can wait for a while. There is no need to hurry, or he can find someone else to handle it, not necessarily in person.

However, some banks will take the initiative to help borrowers with mortgages after they have paid off their mortgages. You don't need the borrower to come forward in person, you just need authorization.

Mortgage procedures require real estate licenses, and banks may not be able to hand over real estate licenses to borrowers immediately. The borrower can go through the mortgage formalities after obtaining the real estate license, the mortgage settlement certificate and the document that the bank authorizes the user to cancel the mortgage.

What procedures do I need to go through to pay off my mortgage?

1, mortgage settlement procedure

This is the first step. When the mortgage is paid off, we must first find the loan bank and let the bank issue a mortgage settlement certificate. You should know that when applying for a mortgage, the original property certificate is mortgaged in the bank, and you must get it back first after paying it off, so that the house can be completely owned by yourself.

2. Mortgage cancellation procedures

After getting back the mortgage settlement certificate and real estate license from the bank, you still need to take your ID card to the Housing Authority to go through the mortgage cancellation procedures. Only when the mortgage of real estate is cancelled can you fully own the property right and be free to trade or transfer it.

3. Insurance refund procedure

Some banks' mortgage applications require applicants to provide third-party guarantee materials. If the insurance company guarantees, it is bound to pay part of the insurance premium. After the mortgage is paid off, you can take the relevant materials to the insurance company for a refund.

4, deposit refund procedures

For new house mortgage, some developers may ask for a deposit. If so, they can ask the developer to refund the deposit after the mortgage is paid off.