What are the rules for prepayment of house purchase loans?
1. In order to repay the loan in advance, the lender must repay the loan for half a year or 1 year before applying for prepayment; 2. After the borrower needs to apply in writing, he/she should carry his/her ID card and loan contract for prepayment; Don't forget to cancel the mortgage after the mortgage is paid off. The borrower should bring the real estate license and settlement voucher to the district housing construction committees to understand the mortgage situation.
What should I pay attention to when repaying the loan in advance?
1. Make an appointment with the loan bank in advance.
If you want to repay the loan in advance, it is not your decision, but you need to get the approval of the bank. Only after approval can the loan be repaid in advance. Therefore, if you plan to repay the loan in advance, you'd better make an appointment with the loan bank in a few days.
2. Repay the loan fee first.
If you want to repay the loan in advance, the bank will charge a certain fee, which is called liquidated damages. Different banks have different standards for collecting liquidated damages, and buyers can consult loan banks first. No matter how high the penalty is, it will not be cost-effective.
There is a limit to the amount of prepayment.
If part of the mortgage is repaid in advance, there is a limit, not how much the lender wants to repay. Generally speaking, the minimum repayment amount is 6.5438+0 million yuan, and the repayment amount is an integer multiple of 6.5438+0 million yuan.
4. Ask to repay the loan in advance.
Most banks have requirements on the time of prepayment, for example, they must repay for one year before they can apply for prepayment. Therefore, if the repayment time does not meet the requirements, then you cannot apply for early repayment.
5. There are many requirements for prepayment of portfolio loans.
If you use a portfolio loan, there are many requirements for repaying the loan in advance. Many people thought they could repay the commercial loan first, but they were rejected. Because when the portfolio loan is repaid in advance, it is necessary to maintain a certain proportion, not just one, which we should understand.
Bian Xiao concluded: The above is the provision on prepayment of house purchase loan, and I hope it will help everyone! In fact, it is not a good thing to repay the loan in advance, if there are extra funds that can be used for investment and financial management.
Can I pay off the loan in advance to buy a house?
Buying a house by loan is a common practice now, and many owners will want to repay the loan in advance when their economic income increases. Can they pay off the house with a loan in advance? What should I pay attention to when repaying the loan in advance? Let's take a look at Bian Xiao!
Can I pay off the loan in advance to buy a house?
The house purchase loan can be repaid in advance, in full or in part, and the part repaid first is not counted as interest. According to bank regulations, customers need to submit a written application in advance, agree on the repayment date, and then bring their ID cards and loan contracts to the bank to fill out the loan repayment application form and prepayment agreement. Then, according to the requirements of the bank, deposit the repayment into the account of loan principal and interest, and the bank will automatically deduct the money.
What should I pay attention to when repaying the loan in advance?
1. Is there a discount rate?
If you choose to borrow money at different times, the bank will give the borrower different discount rates. If you enjoy a low discount rate when borrowing money, you will not enjoy this low discount rate if you repay the loan in advance.
2. Length of repayment time
Generally speaking, the sooner you repay the loan in advance, the more cost-effective, because most of the rest of the repayment period is the principal, even if you choose to repay the loan in advance, you won't save much interest.
3, whether to pay liquidated damages
Due to the fact that property buyers will increase the cost of banks in advance, some banks will charge a certain amount of liquidated damages. At this time, if you want to repay the loan in advance, you'd better ask whether you need to pay liquidated damages.
4. Is there a high-yield financial management method?
Compared with other financing channels, mortgage loan is the lowest cost financing method. If the lender has a higher-yield financing method, there is no need to repay the loan in advance.
5. Does it meet the requirements of the bank?
Although many banks can repay loans in advance now, some banks have requirements for early repayment, such as repaying loans for one year before applying for early repayment. Therefore, property buyers must consult the bank in advance to see if they meet the requirements.
Bian Xiao Summary: Here is the information about whether the loan can be paid off in advance. I don't know if it will help everyone! Repaying the loan in advance has advantages and disadvantages. I suggest you think it over.
Can the mortgage be repaid in advance?
First, the mortgage can be paid off in advance, but it is not easy to apply for paying off the mortgage in advance. In some cases, it is necessary to sign a new contract and pay liquidated damages. The repayment method also needs to be carried out in accordance with the regulations of the bank.
Among them, there are two ways to repay the mortgage in advance:
First, pay off all in advance.
What is full prepayment? The so-called full prepayment means that the borrower pays off all the loans owed at one time. This repayment method needs to go through the mortgage cancellation procedures at the local housing authority and provide relevant information according to the requirements of the housing authority. After the completion, you will not be troubled by the mortgage, and the property right of the house belongs to you completely.
2. Repay part of the loan in advance
There are two ways to repay part of the loan in advance: one is to shorten the repayment period when the monthly repayment amount is fixed; The other is that the monthly repayment amount is reduced, but the repayment period remains unchanged. The advantage of the first method is that it can reduce interest, and the advantage of the latter method is that it can reduce the monthly supply and relieve the pressure of monthly supply.
Mortgage prepayment process
The operation process of prepayment of mortgage loan is as follows:
1. The lender and the lending bank agree on the repayment time;
2. Prepare personal information, loan contract and repayment bank card;
3. The lender goes to the bank to fill in the prepayment application form;
4. After the loan is paid off, the lender who repays in advance needs to cancel the mortgage at the Housing Authority.
Pay attention to the following points when handling prepayment business:
(1) If the mortgage loan needs to be repaid in advance, the lender can apply for early repayment at the local central industrial park service outlet with his ID card on normal working days (prepayment is not allowed on repayment date).
(2) When the lender applies for prepayment, the applied repayment amount and interest must be fully deposited into the repayment account in advance to ensure the real-time deduction of funds.
(3) The prepayment amount should be more than 6,543,800 yuan.
(four) new loans, after the completion of a normal monthly deduction of loan principal and interest, you can normally handle the prepayment business.
(V) If the Lender applies for prepayment immediately after the repayment account is changed, the Lender shall go to the entrusted bank for "prepayment" or urge to sign a contract before handling prepayment business.
(6) The lender may repay part of the loan in advance or settle all outstanding loans in advance.
Tips: If part of the loan principal is repaid in advance, interest will be paid according to the actual loan term and the specified interest rate, and the repayment amount or repayment period of the remaining loan will be recalculated. If there is overdue loan principal and interest, it should be returned first; If all outstanding loans are settled in advance, the remaining principal shall be settled at the same time as the principal and interest payable in the current month. If there is overdue loan principal and interest, it should be returned first.
Can the mortgage be paid off in advance?
The mortgage can naturally be repaid in advance. You can choose to pay off the remaining money in full in advance, or you can choose to pay back some money in advance.
But if you want to repay in advance, many banks have regulations that you must repay for more than one year before you can repay in advance.
To repay the mortgage in advance, you must first apply to the bank for early repayment. There is no way to repay the mortgage in advance without an appointment.
After making an appointment, you need to bring your ID card, repayment bank card and loan contract to the bank to fill in the prepayment application form, go through the prepayment application procedures, and then transfer the prepayment money to the repayment bank card.
If you choose to pay off in full in advance, because the mortgage needs the house as collateral, you have to go to the Housing Authority to which the house belongs to handle the mortgage cancellation procedures after repayment. After the mortgage cancellation, the property right of the house will be completely owned by you.
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the registration and notarization of real estate mortgage according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
housing loans
Personal housing loan refers to the loan issued by the bank to the borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. entrusted loan
Entrusted loans for individual housing refer to loans issued by banks to individuals who purchase ordinary housing according to regulations, and the source of funds is housing provident fund deposits. Also known as provident fund loans.
Self-operated loan
Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan.
Consortium lending
Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc.
Loan amount: 80% of the value of the loanable property after being audited by the bank.
Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan.
Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old.
Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.
way
There are three ways of housing loans, namely, bank commercial loans, provident fund loans and portfolio loans.
How to repay the mortgage in advance?
Customer service telephone number of mortgage repayment service: 0353-6222678
The process of applying for prepayment is as follows:
1. The borrower calls the customer service phone of the loan bank to make an appointment for prepayment, and asks about prepayment.
2. The borrower brings ID card, loan contract and other materials to the loan bank to formally apply for early repayment.
3. After the approval of the bank, the borrower shall go through the relevant formalities for prepayment.
4. The borrower deposits the due amount into the repayment card at the bank counter to complete the prepayment.
Specific steps: 1. The borrower must first make an appointment through manual customer service at least half a month in advance to repay the loan in advance.
Then, the borrower should bring his valid certificate.
Identity documents, loan contracts and other related materials to the bank's bank branch counter, apply for early repayment.
3. After the approval of the bank, the borrower goes through the relevant formalities in the bank and deposits the prepayment amount into the designated account.
4. Some banks are different. If you want to repay in advance, you need to re-sign some contracts and pay liquidated damages.