With the continuous development of society, people's needs are increasing. There are many ways to borrow money now, such as mortgage. And many people are using it, so what if the mortgage hasn't arrived yet?
1. Apply for an extension. If the money is not paid for the time being, you can negotiate with the lending institution to apply for an extension. Generally speaking, as long as the situation is true, lending institutions are still willing to give a certain period of extension.
2. borrow money from friends and relatives. If you are popular, you can also borrow money from friends and relatives to repay the loan, but you must make a good loan, agree on the interest, and return the arrears in time when the situation at hand improves.
3. Collateral is auctioned. If you are really unable to repay the loan, you can let the lending institution auction the collateral, and the proceeds will be used to repay the loan principal and interest first, and the rest will be returned to you. No matter what way you use to relieve the current economic pressure, remember: repayment! Don't use "delay" or simply don't return, which will easily bring trouble to yourself.
In fact, even if it is really overdue, everyone should not evade the problem, but take it seriously and solve it. However, I suggest that you still have to repay the loan on time. If it is overdue, it will not only generate interest, but also affect personal credit problems.
What should I do if my personal mortgage loan is not repaid?
If the individual housing mortgage loan has not been paid off, it can be postponed or repaid in installments through consultation with creditors, and the loan can be extended. The debtor should actively negotiate and communicate with the other party, and both parties should put peace first to avoid the other party's involvement, so as not to cause unnecessary troubles in life.
legal ground
Article 675 of the Civil Code
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.
What should I do if the mortgage is not paid?
1 Apply for deferred repayment.
If it is impossible to repay due to personal economic problems or other irresistible factors, you can apply to the borrowing institution for deferred repayment. Under normal circumstances, the loan structure will be agreed as long as the reasons are reasonable.
2 borrow money to repay
If it is not enough, you can borrow money from relatives and friends, solve the repayment crisis first, and then return the money to relatives and friends. It should be noted that if the mortgage loan is not repaid, the collateral will be auctioned by the borrowing institution to repay the loan amount. Therefore, when the mortgage loan is not paid, we can try the above methods, which may effectively solve the problem of the mortgage loan not being paid.
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1, mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on. After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.
2. Mortgage means that the mortgagor (buyer) obtains the ownership of the purchased commercial house by installment. There are two meanings for buyers: first, the house payment can be paid in installments within the prescribed time limit; Second, in the installment stage, the ownership of the house is "pressed" and cannot be "uncovered" (taken away) until it is paid in full. In addition, mortgage trading involves three kinds of debt relationships-namely, the relationship between the mortgagor (buyer), the developer (seller) and the mortgagee (usually the relevant bank). Its procedure is that the mortgagor (purchaser) first signs a purchase contract with the developer and prepays part of the purchase price; Then the mortgagor (buyer) signs a mortgage contract with the mortgagee (bank) on the basis of this contract, and the bank pays the rest of the house purchase money to the developer, and the buyer pays it to the mortgage bank regularly until the "mortgage money" is paid according to the regulations, and the mortgage process ends.