What procedures do I need to go through after the mortgage is paid off?
1. After paying off the mortgage, we still need to go through the settlement formalities with the bank, because you still have his mortgage certificate in the bank. Just because you don't have other warrants doesn't mean that the house really belongs to you. You need to go to the bank to cancel it, and write down the cancellation opinions, such as indicating that the loan has been paid off and agreeing to cancel the mortgage.
2. You also need to bring other warrants such as real estate license, including my ID card, and go to the local housing management department for cancellation of registration. If there are other public property owners on the real estate license, you must also be present, and you need to bring your documents to the site for handling.
What procedures do I need to go through if I repay the loan in advance?
1. First, you need to cancel the mortgage of the house. You need to bring the real estate license and issue a settlement certificate to the bank, including other warrants mortgaged to the bank. After that, you have to go to the local housing construction Committee to handle it. After the mortgage is cancelled, I can prove that this house belongs to me completely. When handling, you need to bring the original of the real estate license and other warrants, including the identity certificate, and then you can handle it with the certificate of cancellation of mortgage.
2. Some people may need to go through the formalities of surrender. When all the loans are paid off, the insurance contract is terminated, and they need to go to the insurance company to refund the premium.
3. If you need to go through the tax refund formalities, you should go through the tax refund formalities at the local tax department within half a year, and bring your personal ID card and real estate license.