What are the procedures for prepayment of mortgage?

At present, some commercial individual housing loans, such as individual housing provident fund loans and China Construction Bank, have launched businesses that allow borrowers to change repayment plans and repay part or all of the loans in advance. \x0d\ Details: \x0d\ 1. The borrower can only propose to repay part or all of the loan in advance for the first time after six months of normal repayment of the principal and interest of the loan; \x0d\ II。 In order to strictly manage loans, lending institutions set a minimum amount for prepayment of some loans, which generally requires an integer of 1 10,000 yuan or more. \x0d\ III。 General borrowers need to notify the lending institution to repay the loan in advance 15 days in advance, and submit a written application to the lending institution with the original loan contract, bank repayment savings card, monthly repayment statement of principal and interest, my ID card and other materials (the provident fund loan is applied to the housing fund management department, and the bank commercial housing loan is applied to the lending bank), and it must be approved; \x0d\ IV。 The borrower still needs to repay the original monthly loan principal and interest repayment amount in the current month, and at the same time deposit the loan amount to be repaid in advance into the bank savings card. After confirmation, the lending institution will recalculate the loan balance after repaying part of the loan in advance according to the interest-bearing repayment method (generally "equal principal and interest repayment method" and "unequal interest repayment method"). ) In the original loan contract, the calculation principle is "interest first, capital later, equal amount will decrease month by month, and the repayment period will be shortened". Whether to repay part of the loan or all the loan in advance, the borrower must go to the bank for prepayment within the time specified by the lending institution. \x0d\ It is also worth mentioning that the insurance company can refund the premium in advance if all the loans are repaid in advance. After the borrower repays all the loans in advance, the lending institution will also return to the borrower the original personal housing loan housing insurance policy that has been kept by the lending institution. However, because the borrower has paid off all the insurance premiums during the loan period in one lump sum when handling the loan, the original home insurance personal housing loan contract was terminated ahead of schedule. According to the relevant regulations, the borrower can bring the original insurance policy and proof of paying off the loan in advance, and return the premium to the insurance company in advance on a monthly basis. \x0d\ If the loan is repaid in advance, the insurance premium shall be refunded according to the existing house or the auction house, the actual insurance period of the auction house (the insurance period of the auction house exceeding half a year is generally calculated by subtracting 1 year from the loan period), the discount rate of the original one-time premium, the quick calculation coefficient and other factors. The calculation formula is: repaying the loan in advance, returning the insurance premium = the present value of the insurance premium paid when returning in advance-the insurance premium occupied before returning in advance.