The term of mortgage loan can be changed. You can apply for early repayment after one year of repayment. Generally, the prepayment amount is an integer multiple of 1 10,000, and you can apply for changing the loan term at the same time of repayment. The time limit cannot be extended, but it can be shortened. Go to the bank to apply for prepayment, usually in equal amount, which will shorten your loan period and increase your repayment frequency.

1. Can I repay part of the mortgage in advance to change the service life?

If the bank is allowed to shorten the repayment period, but the monthly payment amount remains unchanged, then the repayment period can be changed in advance. Moreover, some banks can only modify the monthly repayment amount and cannot shorten the mortgage period. Therefore, users should repay part of their mortgage in advance, and it is best to consult the bank in advance, which cannot meet their own needs, so paying part in advance can only reduce interest.

Second, what problems should be paid attention to when repaying the mortgage in advance?

The first point: prepayment requires an appointment in advance, and prepayment has time requirements. Most banks can only apply for early repayment after the loan application 1 year, and some banks can repay in advance at any time, such as Huaxia Bank.

The second point: the borrower generally needs to make a phone call or write a written request to repay the loan in advance. At that time, he will bring his ID card and loan contract to the bank to handle the relevant prepayment procedures. The prepayment of the loan can be paid in part or in whole at one time. If the final loan repayment is settled, the bank can calculate the total loan amount+interest and deposit the repayment amount into the repayment bank card.

The third point: when repaying the mortgage in advance, we should also pay attention to the change of interest. The new interest rate standard will be recalculated in the first month of the second year after the interest rate is lowered. Therefore, the borrower should pay attention to seize the opportunity when repaying the loan in advance, and pay off the loan as early as possible in the previous year.

Fourth: If you pay off the loan in one lump sum, you must remember to surrender the loan in advance after paying off the loan, and then the bank will issue a settlement certificate. The borrower calls the insurance company with the original settlement certificate, the original policy and the original invoice to make an appointment for surrender.