Mortgage repayment is monthly payment, which is also commonly known as monthly payment. The lender needs to deposit the repayment amount into the repayment bank card regularly every month, waiting for the bank to deduct money. The bank will deduct the monthly payment from the lender's repayment bank card on a fixed repayment date. It should be noted that lenders must pay attention to ensuring that the account balance is sufficient. If the amount is not enough, it may also cause overdue.

Matters needing attention in mortgage repayment

1. If the repayment period is over half, the borrower does not need to rush to repay in advance, because the principal accounts for a large proportion of the current monthly repayment amount, and interest cannot be saved by repaying in advance at this time.

2. If the borrower's mortgage interest rate is lower than that of deposit interest rate, there is no need to rush to repay in advance, and you can deposit your money in the bank to get more income.

3. If the borrower has a good investment project and the investment return rate is higher than the loan interest rate, there is no need to repay the loan in advance.

Influence of overdue mortgage

1. Personal credit information is damaged, which will affect the handling of various loans in the future.

Once the mortgage is overdue, the loan bank can see your overdue repayment record. If it is a strict bank, even if you are only one day overdue, the bank will enter the overdue information into the central bank's credit information system. Once the overdue records enter the credit information system, it will have a serious impact on everyone's future application for credit cards or loans. Even if the loan can be obtained, the loan amount will be greatly reduced.

2. Generate corresponding penalty interest and overdue fine.

No matter what the reason, as long as your mortgage is overdue, the bank will call to remind the borrower to repay, and as long as it is overdue, it will impose a penalty interest. The penalty interest of different loan banks is different, which is basically 30%-50% higher than the original loan interest rate.

Generally speaking, the bank will give you seven days to make up the arrears. If all the repayable funds can be made up within seven days, there will be no late payment fee. But after 7 days, the bank will charge a penalty interest and a late fee together.

You may be sued by the bank and make you homeless.

General banks will set a default clause in the mortgage contract, requiring the borrower to repay all the loan principal and interest in one lump sum if it is overdue for three consecutive times or six times in total.

Therefore, if your mortgage is overdue for more than 3 months, the consequences will be very serious, and the bank will bring a lawsuit to the court according to the loan contract and guarantee contract. The court will take measures such as property preservation, freeze deposits in all bank accounts of lenders and guarantors, and seal up pledged property.

After the court decides, it will be enforced according to law (such as withholding deposits and auctioning collateral, etc.). ) to repay the bank's loan losses. Specifically, it includes: loan principal, loan interest, overdue interest and penalty interest, all litigation costs arising therefrom, and related expenses incurred when disposing of collateral (pledge).