Subjectivity of law: For those who buy a house with a loan, "breach of contract" is an objective risk. Some buyers will default because of the difficulty in cash flow. So, what will happen if the mortgage defaults? First of all, the buyer will not only lose the down payment, but also be sued by the bank. The property will be auctioned by the court, but the auction price is lower than the market price of the property. Moreover, the court's execution costs, as well as attorney's fees, legal fees, preservation fees and other expenses also need to be borne by the breaching party. At the same time, the level of overdue penalty interest on mortgage loans is very high, and the longer it is delayed, the worse it will be for the defaulting borrowers. In addition to economic losses, breach of contract will also do great harm to personal credit records. . At present, banks pay more and more attention to the credit system. Customers who are overdue or seriously in breach of contract will be blacklisted in the bank's credit information system and become prohibited customers of the bank, so it is difficult to apply for other loans. Therefore, unless it is absolutely impossible, buyers still have to find ways to repay the loan, which can refer to the following three methods: First, borrowers who ask for a suspension of repayment of the principal can negotiate with the bank and ask for temporary repayment of interest, but they cannot repay the principal. Because the bank has a house as collateral, it will generally accept the borrower's proposal and earn more interest. As far as banks are concerned, as long as borrowers don't evade debts maliciously, banks have no losses. The second is to extend the repayment period. If the previous repayment period is relatively short, you can apply to the bank to extend the repayment period. The longest loan period of a bank is 30 years, so after the opening period, the monthly repayment amount will be reduced and the borrower will be able to repay it. The third is to borrow money from the bank. In order to meet the needs of mortgage customers, many banks have launched "financial mortgage" to facilitate mortgage customers to lend their repaid mortgages. However, the interest rate of the loan amount is a little higher than the mortgage interest rate.