How to handle the formalities of prepayment of mortgage?
1. Let's see if there is any prepayment in your loan contract. If yes, it shall be implemented as agreed. If not, make an appointment by phone first, bring your ID card, seal, loan contract, etc. until the bank can handle it.
2. It is necessary to clearly understand the provisions on prepayment in the signed loan contract, and pay special attention to whether it is necessary to pay a certain percentage of liquidated damages for prepayment.
3. Call the personal loan center of the loan bank for information about prepayment, contact the salesman or account manager who handles the loan, and ask whether prepayment can be handled and whether an appointment is required. It should be noted that some banks' departments for repaying loans in advance are not in the same place as bank branches, so you must ask clearly before leaving, and at the same time, you must also make clear the materials you need to carry for repaying loans in advance.
4. Appointment: In order to ensure the orderly business operation, most banks require customers to make an appointment in advance, and the time and process required by each branch are different. The way to make an appointment is to call or go directly to the prepayment execution department.
5. Fill in the prepayment application form and submit relevant documents. Documents generally include ID cards, loan contracts signed with banks, etc.
6. The prepayment money deposited by the borrower can be deducted from the loan principal by the bank, and the operation can be completed in a short time.
What is the process of prepayment of mortgage?
1. If you want to repay, you need to make an appointment, and the time of each branch of each bank is different. It depends on the bank, because few people will definitely repay soon, and many people will definitely make an appointment for repayment very slowly. If you are quick, you can make an appointment the next day, and some may take several months, so if you want to repay in advance, you should make an appointment first.
2. Prepare your own loan contract, repayment bank card and your own identity documents. It's basically no problem to bring these. Take money or card to the bank to fill out the application form. Deposit the money to be repaid in the bank card and go to the bank to fill out the repayment application form. If the money is transferred to the repayment card on other bank cards, wait for the bank to deduct the money.
3. Go to the Housing Authority to cancel the mortgage. Because the house bought by the loan is mortgaged, you need to go to the Housing Authority to cancel the mortgage when you pay back the money. Some banks will cancel the mortgage, but it usually takes a long time. If you need to sell a house or suggest canceling your mortgage, you need to find a bank to see if it is cancelled by the bank or by yourself.