Legal analysis: At present, the mortgagees of housing loans in China are mostly state-owned banks or commercial banks, and the credit of banks is extremely high. Therefore, even if the owner does not go to the Housing Authority for mortgage registration after paying off the mortgage, the risk is extremely small. But at present, there is a great chance that the house will change hands, and for the sake of insurance, mortgage experts suggest that it is best to cancel the mortgage registration after paying off the loan. On the other hand, if the house is mortgaged to a private person, it is difficult to predict the personal credit, so after paying off the loan, the owner should remember to cancel the mortgage registration, otherwise the risk will be greater.

Legal basis: Interim Measures for the Administration of Personal Loans.

Article 11 An individual loan application shall meet the following conditions:

(1) The borrower is a People's Republic of China (PRC) citizen with full capacity for civil conduct or an overseas natural person who meets the relevant provisions of the state.

(2) The purpose of the loan is clear and legal.

(3) The amount, duration and currency of the loan application are reasonable.

(4) The borrower has the willingness and ability to repay.

(5) The borrower's credit status is good and there is no significant bad credit record.

(6) Other conditions required by the lender.

Article 12 The lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant materials that can prove that it meets the loan conditions.