You must go to the designated bank to repay the mortgage in advance. To apply for early repayment, you must go back to the local bank. Usually, the place where the borrower applies for a mortgage will be visited when the prepayment procedure is handled. It is generally impossible to repay the mortgage in advance on the mobile phone, because you have to make an appointment with the bank first, and then apply for prepayment in writing at the bank outlet with relevant information at the agreed time; After the approval of the bank, the borrower can put the money into the repayment account and let the bank deduct the money.

How to apply for prepayment?

1. Let's call the loan bank first and ask for the repayment of the loan principal in advance. With the consent of the bank, bring my ID card, loan contract, repayment card, property certificate or purchase contract to the outlet designated by the bank. We will give the information to the staff at the prepayment window, and we will give you a list for you to handle at the bank counter.

2. Deposit the money in the repayment card at the bank counter, and the bank will automatically deduct the money. After the deduction, the borrower will be given a deduction document. The lender will hand over the deduction documents to the staff at the repayment window, and the bank will give the lender a settlement certificate.

3. After that, the bank employee will take his rights and go to the Housing Authority with the lender to cancel his rights. After the cancellation of his other rights, the house is a full house.

Repayment in advance is not recommended.

1, and enjoy greater discount with provident fund loans or loans.

Up to now, the interest rate of provident fund loans for more than five years is 3.25%, and the benchmark interest rate of commercial loans is 4.9%. Plus discount, the execution interest rate has reached 4. 165%, which can be said to be a very low level. Since we have enjoyed the lower discount rate and are now in the channel of interest rate reduction, it is more cost-effective to do some financial management with idle funds in our hands. On the contrary, if the loan is repaid in advance, a high penalty will be paid according to the contract.

2. The repayment period of equal principal has passed 1/3.

In the average capital, the total loan is divided into two parts, and the repayment interest is calculated according to the remaining principal. In other words, in the later period, the less the remaining principal, the less interest will be generated. If you pay back more than 1/3, it means that you have paid back nearly half of the interest, and more is the later principal. The interest level has little effect on the repayment amount.

3. The repayment of equal principal and interest has reached the middle stage.

Matching the principal and interest is to add up the total principal and interest of the mortgage loan and then share it equally every month. In other words, the proportion of principal in monthly repayment increases month by month, and the proportion of interest decreases month by month. By the middle of repayment, most of the interest has been paid off, so it is of little significance to repay the loan in advance.