Repay the mortgage in advance, preferably one year later. To repay the real estate mortgage loan in advance, the repayment party needs to file an application for prepayment at 1 in advance, and then go through the relevant formalities at the bank with the materials to be used for repayment.

In addition, if most of the loans have been repaid, in this case, it is not recommended to repay in advance, and individuals can use the current idle funds to invest. This is more cost-effective than repaying the mortgage in advance.

2. Can the mortgage loan applied in the bank be paid off in advance?

Whether the loan can be paid off in advance is stipulated in the loan contract.

Just look at the loan contract.

Generally speaking, loans can be paid off in advance.

But there will be some conditions in the contract.

For example, you may need to apply one month in advance; It can also be stipulated that the loan cannot be repaid in advance within a certain period of time; You can also stipulate to pay a little fine.

One thing is certain, it is necessary to apply to the bank and get the bank's consent to repay the loan in advance.

3. Can the mortgage loan signed by the bank be repaid in advance?

The mortgage can be repaid in advance. Generally speaking, it mainly depends on whether there is an agreement on prepayment in the loan contract. If there is, it will be implemented according to the agreement. If not, make an appointment with the bank first, bring your ID card, seal, loan contract, etc. until the bank can handle it. Pay special attention to whether it is necessary to pay a certain percentage of liquidated damages for repaying loans in advance. If so, it is necessary to pay liquidated damages in accordance with the contract. "Measures for the Administration of Individual Housing Loans" Article 18 The borrower must properly keep the mortgaged property during the mortgage period, be responsible for repairing, maintaining and ensuring its integrity, and accept the supervision and inspection of the lender at any time. Before the expiration of the mortgage period, the lender shall not dispose of the mortgaged property without authorization. Article 19 During the mortgage period, the mortgagor shall not mortgage, lease, transfer, sell or give away the collateral again without the consent of the lender.

Four. Credit cooperative prepayment process?

1. First, the borrower should check the requirements for early repayment in the loan contract and pay attention to whether it is necessary to pay liquidated damages for early repayment;

2. Then call the loan bank to inquire about the application time and required materials for prepayment;

3. According to the requirements of the loan bank, submit an application for prepayment to the relevant departments;

4. The borrower also needs to bring relevant information to the loan bank for prepayment procedures;

5. Advance repayment should also be deposited into the repayment account, deducted by the bank, or directly brought with cash to the loan bank for repayment.

The advance payment of each bank is different.

Because different banks have different regulations, which are embodied in the following aspects:

1, the handling process is different.

Each bank's business has its own characteristics, and the procedures and processes for prepayment are different. Generally, you need to call the bank for consultation, and the order of filling in the form and approval will be different, mainly in two categories.

(1) Make an appointment by phone before filling out the form.

For example, in most branches of Industrial and Commercial Bank of China and Bank of Beijing, borrowers can first agree with the bank on a repayment date, that is, at a specified time, and then go to the bank to fill out an application form for prepayment of personal housing loans.

(2) Fill in the form before approval.

In fact, some banks need to fill out an application form for prepayment of individual housing loans. For example, China Construction Bank needs the approval of relevant banking departments before the borrower can repay the loan.

2. The treatment cycle is different.

Most banks need borrowers to make an appointment for repayment one week in advance, and branches of individual banks may need to make an appointment three months in advance.

3. The collection of liquidated damages is different.

Most banks do not need to pay liquidated damages for prepayment, but some banks will determine the proportion of liquidated damages according to the repayment time. For example, the Bank of China requires a penalty interest of three months for mortgage loans of less than one year, two months for mortgage loans of more than one year and less than two years, and one month for mortgage loans of more than two years and less than three years, mainly subject to the signed contract. Buyers who want to repay in advance must carefully read the provisions on liquidated damages in the purchase contract and loan-related contracts, and go to the bank's outlets for manual consultation when necessary.

4. The time required for prepayment is different with different deduction time.

In fact, each branch will have different requirements. Generally, the bank will call after the appointment is approved.