Mortgage can be repaid by one person, but it is not the transfer of debt, only one person is responsible for repayment, and the debt is still the lender's own debt. In other words, if the borrower fails to repay the loan on time, the lender itself will be liable for breach of contract. Generally speaking, mortgage is a relatively important debt, and it is best to do it yourself.

What should I pay attention to when repaying my mortgage?

1, pay attention to the change of monthly supply.

Some friends think that you can repay the mortgage by depositing money into the repayment account on time every month, but this idea is not correct, because you need to pay attention to whether the benchmark interest rate of the bank has changed. Once the bank's benchmark interest rate changes, your monthly payment will also change. So sometimes the monthly supply may increase. If you don't repay in advance, it will be judged as overdue, which will have a great impact on your credit.

2. Pay attention to bank card transfer

Although most bank transfers can be realized in real time now, some friends will deposit the house payment into the repayment account by bank transfer before the transfer date, but buyers should pay attention that if the amount is too large, it will not be able to arrive in real time. Therefore, when you transfer money to the mortgage bank card, if the amount is too large, you'd better transfer it several times to ensure that it can arrive in real time and avoid overdue repayment.

3. Repay the loan in advance

Most friends buy houses for their own occupation, so naturally they don't want to bear the heavy responsibility of mortgage all the time. At present, the mortgage interest rate has been high, even on the rise. Therefore, many house slaves want to repay the loan in advance to avoid the risk of overpaying interest. But you should know that if you don't repay the loan for one year, you will have to pay liquidated damages. In this case, it is obviously not cost-effective for you to repay the loan in advance.

4. Be careful of broken loans

It takes a very long time to repay the loan, ranging from 20 to 30 years. Many people may have some economic problems during this period. But no matter what kind of problems you have, you can't choose to cut off the supply without money, because banks will have very serious punishment rules, and the penalty interest of banks can't be underestimated. Once you don't pay your mortgage for more than half a year, the bank will auction your property. Not only will there be black spots on your credit, but the house that originally belonged to you will also be gone.