When buyers apply for personal housing mortgage loans from banks, banks generally require buyers to provide corresponding income certificates, such as personal occupation, position, salary and other economic income. If the property buyers provide false materials to the bank, it may have a serious impact, from affecting the bank's audit, ultimately unable to issue loans, to assuming the responsibility for breach of contract and paying a considerable amount of liquidated damages.

2. Rental of mortgaged houses shall fulfill the obligation of informing.

If the house purchased by mortgage is to be rented during the loan period, the lessee shall be informed in writing of the fact that the house is being repaid and mortgaged. If the mortgage is exercised by the bank because the buyer is unable to repay the loan in the future, the buyer can only be exempted from the liability for compensation to the lessee if he fulfills the obligation of informing.

3. Earnestly fulfill the repayment obligation.

In general, the mortgage loan contract signed by the buyer and the bank clearly stipulates the repayment period of the buyer, and the buyer must repay the loan on time. In addition, buyers who want to repay the loan in advance should pay attention to the fact that repaying the loan in advance will affect the bank's income and fund arrangement plan, so if the loan is repaid in advance within one to three years after the loan is issued, the bank may require the borrower to pay the corresponding liquidated damages.

4. After the loan is paid off, the mortgage registration shall be cancelled in time.

After paying off all the principal and interest of the loan, the property buyers must go to the Housing Authority to cancel the mortgage registration in time with the bank's loan settlement certificate and relevant documents to ensure the integrity of property rights. Only in this way can buyers avoid disputes or risks that may arise because they do not go through the formalities of canceling mortgage registration.

5. It is best not to sign the "cross-breach clause".

Sometimes, the seller or intermediary will ask the buyer to sign a separate cross-default clause, that is, if the borrower fails to repay the mortgage on time, resulting in its guarantee responsibility, the seller or intermediary has the right to buy back the house at the original price or terminate the sales contract. Under normal circumstances, it is recommended not to sign a "cross-default clause" with them. If you must sign, you must pay attention to timely repayment to avoid the situation that the other party repurchases or disposes of mortgage collateral due to personal default repayment.