1. Repayment suspension: If a home buyer has financial problems and cannot pay the mortgage in the short term, he or she can apply for a "repayment suspension" from the bank. However, it should be noted that the suspension of repayment only stops the return of principal, and the interest on the loan must still be paid to the bank on time;

2. Apply to the bank to increase the loan term.

The above is the relevant content about what to do if you can’t pay back your house loan. What will be the consequences if the down payment for the house is not approved?

If the down payment for the house has been paid, but the mortgage loan applied for by the customer is not approved, it will naturally affect the subsequent housing. Handover, after all, the real estate developer has not received the full payment. And if the customer plans to check out directly later, there may still be some disputes. For example, if the mortgage loan cannot be obtained due to the customer's own fault, the customer will need to bear certain liability for breach of contract. At that time, the real estate developer may not return all the money, but may deduct part of it as liquidated damages. And if it is the developer's problem, it doesn't matter if the customer checks out directly. They can ask the developer to return all the money and pay a certain amount of compensation to the developer. For situations where the mortgage loan cannot be applied for, the customer should first ask the bank’s customer service to find out the reason and see if the problem can be solved and the application can be reapplied. Will the down payment be refunded if the borrower is unable to repay the mortgage?

Generally, after the borrower is unable to repay the mortgage and the bank cannot collect the loan, the house will be repossessed and auctioned, and then the auction will be held The funds are used to offset the arrears, and it is unlikely that the down payment will be returned. It should be noted that the auction price is usually lower than the original purchase price. If the funds obtained after the auction can be used to offset the arrears, after deducting the arrears and deducting attorney fees, litigation costs, preservation fees, court execution fees and other expenses, if there is excess funds, the bank will The money is returned to the borrower. However, if the borrower is insolvent and the bank auctions the house, but the proceeds cannot be used to offset the debt, the borrower will still owe the bank money and will continue to be pursued by the bank until the debt is paid off in full. Therefore, you must apply for a mortgage loan based on your own financial situation, and you must not be too strong-willed. If you are unable to repay your mortgage due to excessive repayment pressure, the consequences will be serious. If you find that you can't pay the loan for a while, it's best to negotiate with the bank to see if you can extend the deadline. This article mainly writes about knowledge points about what to do if you can't pay off your house loan. The content is for reference only.