After the mortgage is paid off, the customer first goes to the counter of the handling bank outlet to find the staff to handle the loan settlement certificate, and then gets back his right certificate; Then bring the loan settlement certificate, other warrants and personal identity cards, housing property certificates and other information to the local housing authority to apply for cancellation of housing mortgage registration. The staff of the Housing Authority will help to lift the mortgage. When the mortgage is completed, the house really belongs to the customer (usually it doesn't take long to complete on the spot). There is no time limit for mortgage cancellation, and customers can handle it at any time after repayment. Of course, it's best to finish the release early, so as not to lose the materials for too long. If the customer doesn't have time to handle the mortgage, he can find someone else to handle it. There is no restriction that the mortgage must be handled by the customer himself. Just go to the notary office to issue a power of attorney, and then let the other party take his ID card and the customer's ID card, as well as the power of attorney, loan settlement certificate, other warrants and real estate license to the Housing Authority for mortgage.
First, the mortgage stipulated in the Urban Real Estate Management Law and the Guarantee Law is different from that in Hong Kong, that is, the definition of mortgage in these two laws is based on the condition of not transferring possession. Mortgage means that the mortgagor (buyer) obtains the ownership of the purchased commercial house by installment. There are two meanings for buyers: first, the house payment can be paid in installments within the prescribed time limit; Second, in the installment stage, the ownership of the house is "pressed" and cannot be "uncovered" (taken away) until it is paid in full. In addition, mortgage trading involves three kinds of debt relationships-namely, the relationship between the mortgagor (buyer), the developer (seller) and the mortgagee (usually the relevant bank). Its procedure is that the mortgagor (purchaser) first signs a purchase contract with the developer and prepays part of the purchase price; Then the mortgagor (buyer) signs a mortgage contract with the mortgagee (bank) on the basis of this contract, and the bank pays the rest of the house price to the developer, and the buyer pays the mortgage bank regularly until the "mortgage price" is paid according to the regulations, and the mortgage process is over.
Second, mortgage loan is a way for buyers (mortgagor) to borrow money from banks (mortgagees). That is, the buyer takes the purchased property as collateral, signs a mortgage contract with the bank, and takes the way of not transferring ownership as a guarantee to repay the loan to the bank on schedule. Interest must be paid on this loan. After the buyer (mortgagor) pays off the principal and interest to the bank according to the contract, he can recover the collateral-Property Ownership Certificate and Land Use Certificate. In other words, property buyers do not really own the ownership of the houses they buy before paying off the loans. If the repayment is not made on time, the bank can handle it according to law. Mortgage loan is a popular way of real estate sales in the world. Although it is different from mortgage loan in nature, it has achieved the same goal in "suppressing the ownership of the house" to ensure the debt performance (installment payment and timely repayment).
Third; The borrower mortgages the real estate in the name of the lender (natural person), and the lender directly gives the funds to the borrower, and the borrower repays the principal and interest as agreed. If the borrower fails to perform the due debt, the lender has the priority to be repaid. Wuse Soil is responsible for risk management, pre-lending risk rating and post-lending litigation execution of mortgage loans. Conduct due diligence on each mortgage loan, evaluate the risk and determine the risk level of five-color soil: AAA, AA, A, etc. The interest rate plus fees is generally around 18% per year. From June 5438 to October 2003 10, Wuse Soil pioneered the risk rating of real estate mortgage loan in China. Because of its standardization, sunshine and specialization, it is called "five-color soil model" in the industry.
Second, what is the risk control after the mortgage is paid off?
After the mortgage is paid off, the risk control can issue a settlement certificate. The settlement certificate can prove that you have paid off all the loans, and the risk control will be automatically lifted. Therefore, after the mortgage is paid off, the risk control can issue a settlement certificate.
Three, after the mortgage loan is paid off, how to handle the mortgage cancellation procedures?
Hello, after paying off the loan, the bank will give you a certificate of paying off the loan and deliver other warrants to you. Then your property owner goes to the mortgage window of the local real estate management department to cancel the mortgage with his ID card, property right certificate, other warrants and proof of repayment, which usually takes 7 working days to complete. I hope it helps you! The answer comes from: Baidu real estate exchange group Baidu real estate exchange club, so stay tuned!
4. Is it ok to buy a house and lend it to the seller in advance?
You can pay in advance.
Generally, this situation is a series of operations, such as buying a second-hand house, paying off the bank loan owed by the seller through an intermediary, releasing the mortgage, and then transferring the ownership.
However, such a situation also has certain risks, and property buyers should carefully consider it.
In this case, most sellers are unable to settle the loans owed by banks and can only make temporary advances through intermediaries. However, the bank has a series of strict enforcement procedures. The buyer's money is not directly transferred to the seller's account, but enters the bank supervision account and then enters the seller. With intermediary companies, problems are generally unlikely to occur.