In addition, there is no title certificate now, but it is called title certificate. You have a property certificate for buying a house with a loan, but you will set up a mortgage registration. The property certificate will be marked, that is, once you fail to repay the loan on time, the bank will sue the court and the bank will give priority to compensate you for the proceeds from the house auction.
1. As collateral, there is a copy of the general real estate license, which is mortgaged to the bank, but the owner does not. Owners usually have a copy stamped with the bank seal to apply for a housing loan from the bank. The original property certificate/real estate title certificate needs to be mortgaged to the bank, and a copy can be left in the bank for stamping, which has the same effect when handling settlement and other matters.
2. Only banks can let users take home the real estate license for safekeeping, as long as there is a mortgage record on the real estate license. Therefore, who will keep the real estate license after mortgage mainly depends on the bank's regulations. Most banks will require the real estate license to be mortgaged in the bank, mainly to prevent users from accidentally losing the real estate license and causing unnecessary losses.
3. Don't repay the loan in advance within the first year after buying a house with a loan. According to the relevant provisions of provident fund loans, partial prepayment should be made after one year of repayment. Don't forget to find the bank around you if you have difficulty repaying the loan. Don't insist on it yourself when your solvency declines during the loan period and it is difficult to repay the loan. ICBC customers can apply to ICBC for extending the loan term. According to our investigation, if there is no default in loan principal and interest, we will accept your application for extension.
4. Don't forget to inform when renting a house after the loan. When renting a mortgaged house during the loan period, the lessee must be informed of the mortgage facts in writing.
Don't forget to cancel the mortgage after the loan is paid off. When you have paid off all the loan principal and interest, you can go to the district or county real estate trading center where the real estate is located to cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the mortgaged real estate.
6. Don't lose the loan contract and IOUs. Apply for mortgage loan, loan contract and loan signed by the bank with you