How long will it take to cancel the mortgage?
It usually takes about 10 days to cancel mortgage registration. According to the law, after the debtor has paid off all the loan principal and interest, he can go to the lending institution to handle the house ownership certificate and the loan settlement certificate. Cancel the mortgage in the real estate trading center of the district or county where the real estate is located; Then go to the real estate bureau to go through the mortgage cancellation procedures.
Go through the formalities for canceling the mortgaged property.
1. The seller applies to the loan bank for prepayment. Different banks have different regulations on prepayment. Some banks need to pay a handling fee before agreeing to prepay. Early repayment is equivalent to paying off the remaining loan and interest at one time, which requires a large sum of money to be prepared.
2. Go to the loan bank for repayment in advance, and deposit all the money into the repayment bank card before repayment. Before handling the prepayment, be sure to ask how much the bank charges and the total amount to be paid. Only in this way can we better handle the follow-up procedures.
3. Go to the loan bank for settlement on the next day of repayment.
4. The post-loan management center of the bank issues the materials for canceling the mortgage. In other words, after the loan is settled, the bank will also issue relevant certificates, loan repayment certificates and loan settlement certificates. Only when you get these certificates can you go through the formalities of understanding and charging.
5. Go to the guarantee company (if there is no guarantee agreement, you don't have to go) to go through the corresponding procedures. The amount of secured loans will be relatively high, and the chances of successful approval of bank loans will be relatively high, so some people are willing to submit third-party guarantees when lending, but some people do not need to go through the corresponding procedures if they have not done so. This corresponding procedure is the guarantee cancellation procedure.
6. Cancel the mortgage at the real estate registration center where the house is located. This is to go to the local housing authority or real estate trading center to understand the mortgage procedures. Don't forget to bring your ID card, loan settlement certificate, loan repayment certificate, other rights certificate, house book, real estate registration application approval form and other related materials when you understand the mortgage procedures. These materials can be consulted with banks or local housing management bureaus and real estate registration centers in advance.