1, the consequences of not repaying the mortgage are as follows:

(1) According to the loan contract, interest will be generated every month;

(2) Personal credit will produce bad records and affect daily life;

(3) If it is not returned, it will be prosecuted by the bank;

(4) For the mortgaged property, the bank can give priority to the payment from the auction proceeds.

2. Legal basis: Article 675th of the Civil Code of People's Republic of China (PRC).

The borrower shall repay the loan within the agreed time limit. If the term of the loan is not agreed or clearly agreed, and cannot be determined according to the provisions of Article 510 of this Law, the borrower may return it at any time; The lender may urge the borrower to return it within a reasonable period of time.

Article 676

If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant state regulations.

Second, what should I do if I can't afford the mortgage?

The treatment of inability to pay the mortgage is as follows:

1, the general parties can apply to the bank to postpone repayment. Because of some reasons, such as unemployment, family funds are tight, they can apply to the bank to postpone repayment, but this kind of deferred repayment can only be postponed for several periods;

2. Apply to the bank to extend the loan term. In addition to suspending repayment, the parties may also apply for extending the repayment period.