However, even if you can apply for deferred repayment, you need to pay attention to the following aspects. First, you can only apply for deferred repayment once. Secondly, the time of deferred repayment should not be too long, and the sum of it and the original loan term should not exceed 30 years. Pay attention when applying. Generally speaking, there is no grace period for mortgage loans. Unless there are special circumstances, the repayment time cannot be extended, otherwise it will have an adverse impact on personal credit information. Too many overdue times, the bank may ask customers to settle the loan in advance, and the consequences will be more serious.
Can the mortgage be suspended for a while?
Whether the mortgage can be suspended for a period of time mainly depends on the provisions of the lending bank or lending institution.
The borrower may apply to the lending bank or lending institution. If the lending bank and lending institution agree to adjust the repayment method in stages, the borrower can suspend the mortgage repayment for a period of time. However, banks and lending institutions usually require borrowers to repay interest and principal later.
Of course, the other party generally does not agree easily. If not, the borrower must repay the loan principal and interest on schedule according to the repayment plan.
In fact, the borrower should contact the bank or lending institution clearly, whether to suspend repayment, or to plan to repay in advance, or temporarily unable to repay. Generally, we can negotiate. If negotiation fails, it's not too late to find another way.
The best way to deal with the inability to repay the loan
1. Contact the platform in time after paying the arrears.
For bad records, some platforms will not upload credit information directly, but will give users a grace period of several days, and the reporting time of different platforms is different. Therefore, if you can't repay the loan, you should contact the lending institution as soon as possible to solve the problem before the platform reports to the credit information system.
2. Extend the loan term.
If you can't repay the loan according to the original plan, you can apply to the bank to extend the loan period. However, the bank has set a time limit for the extension: the extension of medium-term loans shall not exceed half of the original time limit, and the extension of long-term loans shall not exceed three years.
3. Apply for an extension of repayment
If you can't repay the loan on time due to special reasons, you can apply to the bank for loan extension, which needs to be submitted 30 days in advance. After the approval of the bank, the loan period will be appropriately extended and the monthly repayment amount will be reduced. At present, many banks can apply for deferred repayment, and borrowers can decide the length of the extension, but the extension can only be applied once or twice, and there is a long time limit.
Step 4 ask friends and relatives for help
If you really can't repay the loan, you can borrow some temporary emergency from your relatives and friends to solve the current predicament first. Try not to interrupt the repayment. If it is not returned for a long time, the house is likely to be sued by the bank.
5. Pay back the loan with high interest first.
The borrower should have a reasonable plan when repaying the loan. As long as the borrower has income, he can repay part of the loan in installments, and pay off the loan with higher interest first, which can reduce the economic pressure.
6. Repay the loan in turn.
Pay off the loan on the credit report first, then pay off the small loan, and then pay off the large loan. For loans that have not received credit information, users can contact the lending institution for consultation and apply for extending the repayment period or extending the repayment period.