Generally, if the payment is overdue three times in a row, a collection will be sent to your door.

Consequences of overdue payment:

1. If there is no repayment, the bank will notify you by phone or text message and remind you to repay on time, and penalty interest will be incurred.

2. If the loan is not repaid three times in a row, the bank account manager will initiate collection, and the borrower will also be charged penalty interest.

3. If the number of overdue repayments reaches six or more times, the bank will use legal means to protect its own rights and interests, and the property may be frozen during this period.

4. If the negotiation between the bank and the borrower fails, the bank will auction the mortgaged property through legal procedures.

Methods to solve the problem of mortgage loan repayment:

1. Extend the loan period: If you cannot repay the mortgage loan on time according to the original repayment plan, you can apply to the bank to extend the loan period. After the bank approves it, you can sign a deferred repayment agreement. There is usually only one opportunity to apply for deferred repayment, and the maximum extended period cannot exceed 30 years.

2. Apply for a repayment extension: Currently, you can apply for a mortgage loan from many banks. When the borrower is unable to repay, you can temporarily explain the situation to the bank and apply for a repayment extension. The extension time can be decided by the borrower, but there is a maximum period limit, and extensions can usually only be applied for once or twice.

3. If you are really unable to repay your mortgage, you can seek help from relatives and friends to temporarily solve the problem and try not to cut off your mortgage payments. If the payment is suspended for a long time, the house is likely to be auctioned.

4. If the home buyer is unable to repay the mortgage on time due to changes, he or she can apply to the lending bank for a loan extension 30 days in advance. After verification by the bank, the mortgage term will be appropriately extended and the monthly payment will be reduced.

5. Finally, there is another way to sell the house. Find an intermediary company to advance the remaining loan (of course the intermediary will charge a certain fee), and then entrust the intermediary to sell the house, and you can still earn a certain price difference.