1. Repay the mortgage in full in advance: the loan bank shall go through the formalities of prepayment in full after reviewing the relevant materials.
2. Part of the mortgage is repaid in advance, and the loan term remains unchanged: the loan bank instructs the borrower to fill in the relevant agreement. If the original loan guarantee method is mortgage+insurance, and the mortgage registration has not been handled, the original insurance policy, my ID card and relevant agreements shall be presented to the insurance company designated by the city center for the insurance reduction procedures, and the final agreement shall be sent to the corresponding sub-centers by the loan bank in time.
3. If the original loan guarantee method is mortgage+insurance and the mortgage registration has been completed, and the borrower who chooses non-mortgage+insurance applies for partial repayment in advance and shortens the loan period, the loan bank will instruct the borrower to fill in the relevant agreement, and the signed agreement will be sent to the corresponding sub-center in time by the loan bank.
4. The original loan guarantee method was mortgage+insurance, which is still within the insurance period, and the mortgage registration has not been completed: the borrower can apply for partial repayment in advance and shorten the loan period, and can go directly to the guarantee center for handling.
Procedures for prepayment of mortgage loans:
According to the regulations of the bank, customers who repay their mortgages in advance need to submit a written application one week to one month in advance and agree on the date of repayment in advance. Then, according to the agreed date, bring your ID card and the loan contract signed with the bank to the bank to fill in the loan repayment application form and prepayment agreement, and deposit the money to be repaid into your account for withholding the loan principal and interest according to the requirements of the bank, which will be automatically deducted.
There is no limit to the number of times banks can repay their mortgages in advance. They can pay off all or part of the loans. It's just that the starting amount of each loan repayment of each bank is different. Some regulations are 65,438+0,000 yuan or multiples of 65,438+0,000 yuan, while some banks stipulate that if it exceeds 1 0,000 yuan, you can repay the loan in advance.
Some borrowers who repay loans in advance can choose two ways: one is to reduce the monthly repayment amount and keep the repayment period unchanged; The other is to shorten the repayment period and keep the monthly repayment amount unchanged. If the income of the lender keeps increasing, you can choose the repayment method of shortening the loan term and realize the debt-free desire as soon as possible. If the income does not increase too much, you can reduce the repayment amount and keep the repayment period unchanged, which can reduce the repayment pressure.
It is worth mentioning that the Application Form for Early Repayment is irrevocable once confirmed by the borrower's bank. As a supplementary clause of the loan contract, it has the same legal effect as the loan contract. If the loan purchaser fails to repay the loan in advance according to the date and amount specified in the application for prepayment sent to the borrower's bank for whatever reason, it will be regarded as overdue repayment, and the loan purchaser will bear corresponding liabilities for breach of contract according to the loan contract.