If the man maliciously fails to repay the mortgage, the bank can apply to the court for auction of the house, because now the bank enjoys the mortgage of the house. But there are ways to avoid this risk.

Secondly, I need to ask you some specific information about the case. How much is the mortgage? What is this man's job? These questions are more important.

Second, what should I do after the mortgage is cut off?

Solution after mortgage failure

Apply to the bank for a certain period of time and only repay the interest, not the principal.

Under normal circumstances, when the bank loan cannot be repaid temporarily, the borrower can negotiate with the bank and ask for the temporary repayment of interest instead of the principal. The premise is that you must prepare the relevant information of the loan, and then explain in detail the situation that the individual can't repay the loan at present, waiting for the approval of the bank.

If there are other assets in the family that can provide strong proof of assets, such as cars, it will be easier to get approval from the bank.

Apply for extension of loan term

Now most property buyers have their own considerations about the loan term, which is generally 20 or 30 years. However, many people choose to repay in advance with the enhancement of their economic strength in the process of repayment, so since there is a saying of prepayment, there will be a delayed repayment that can meet the financial difficulties.

However, this method needs to be implemented after consultation with the bank. More importantly, we should consider the age, working ability and economic ability of the lender. Only when the conditions are met will the bank agree to relax the loan term limit.

Try financial mortgage loan.

"Financing mortgage" is a new form of lending under the current social development. For example, some banks will launch "financing mortgage" to lend the mortgage loan that the lender has repaid to the lender, so as to achieve the purpose of profit through certain interest, and also alleviate the lender's predicament.

After the mortgage is off, the lender can try to get the support of the bank again in this way, so as to alleviate the difficult situation of poor credit information and inability to support the house.

Third, what should I do if there is no mortgage divorce?

How to divide the real estate purchased by mortgage during divorce is a common problem in divorce cases, and it is generally handled according to the following circumstances:

After marriage, the husband and wife buy a house and pay the mortgage.

Husband and wife bank loans belong to the same debt of husband and wife, and they are jointly and severally liable for the debt. According to the regulations, the transfer of debts must be approved by creditors. When a husband and wife deal with the mortgaged house when they divorce, if the loan bank considers its own interests and disagrees with one party's withdrawal from the loan contract, then both parties cannot be exempted from the repayment obligation to the bank. However, since the two parties have divorced, it is not convenient to implement it in reality if both parties are required to undertake the obligation of repaying loans in the next few decades. In order to solve the problem, the two parties can sign an agreement, clearly stipulating that the house belongs to one party, and one party will undertake the repayment obligation and return the purchase price and interest paid by the other party. At the same time, it is agreed that when the loan can be transferred, the other party should cooperate and stipulate the liability for breach of contract of both parties. However, the agreement cannot be used against banks. Once it is agreed that the repayment party will not repay the loan, the other party is still obligated to repay the loan to the bank, but may require the other party to bear the liability for breach of contract.