What does the letter of notification from the mortgage customer mean?

The notification letter of mortgage customer refers to a notification letter sent by the bank to the applicant before the loan is issued, which mainly informs the borrower of loan details such as interest rate, repayment method, repayment period, loan guarantee method, overdue penalty interest, etc., so that the applicant can fully understand and understand the loan terms and expenses and avoid disputes in the later period. Therefore, the lender should carefully review, confirm and sign the contents of the notice, and keep the notice and related certification materials.

The contents of the notice for mortgage customers are generally regulated according to the relevant national policies and regulations and the requirements of the bank itself, but before signing the contract, the lender still needs to sort out the following contents: First, the basic information such as loan amount, term, cost and repayment method; Second, special clauses such as interest rate adjustment, early repayment, overdue penalty interest, and margin mortgage; Third, important details such as repayment account, contract signing place and signing date. If you are in doubt or don't understand, you can consult the bank in time and keep contact records such as mailing receipts, text messages and telephone calls.

If the lender fails to carefully check the contents of the notice, after signing the loan application contract, it is found that the repayment period and interest expenditure are not as expected, which will cause huge economic losses and may face risk problems such as overdue repayment and blacklist of credit information. Therefore, when applying for a mortgage, you must carefully read the contents of the notification letter to ensure that all the terms in the loan contract are in line with your own wishes and avoid external pressure factors and financial problems in the later period.