The woman wants to repay the mortgage in advance, but it is difficult!
Recently, a piece of news about a woman's difficulty in prepaying her mortgage has attracted widespread attention. According to reports, the woman was troubled by a series of problems and obstacles when she wanted to pay off her mortgage early. Coincidentally, many netizens have also posted their own experiences with the same model, which makes people question the bank's mortgage policies and services.
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Let's see what netizens said?
Netizen comments: Some returned it in advance, and there were thousands more to return it in the future
You can calculate it yourself, how to repay the loan appropriately, and the interest that is repaid quickly is also repaid
Netizens have come up with a lot of strange tricks, some say that they take out a loan to buy a house, and then rent it out to let the landlord repay the loan
What are the precautions for mortgage prepayment?
Different banks may have different requirements for early repayment, such as repayment time, amount limit, liquidated damages, etc.
Before deciding to repay the loan early, you should check with the lending bank for specific repayment policies.
Depending on the bank's requirements, early repayment usually requires a written or telephone application.
Make sure you understand the application process and time required in advance, and submit the relevant application materials as required.
Generally, the borrower should bring his ID card and loan contract to the bank for approval after applying for early repayment by phone or in writing.
If you are a borrower who has paid off the balance in full, you also need to bring the original loan settlement certificate issued by the bank, the original and copy of the original insurance policy, invoices and other relevant materials.
Some banks may require borrowers to submit applications 15 working days in advance, and it will take about a month for the bank to approve the application after receiving it.
You need to schedule your time to ensure that your prepayment request is processed in a timely manner.
Banks have different requirements for prepayment of mortgages, and some banks may charge a certain amount of liquidated damages.
When choosing early repayment, be careful to avoid paying excessive liquidated damages.
If the borrower has registered the mortgage with the bank when applying for the loan, then after the loan is settled, you must not forget to apply for the mortgage clearance.
The borrower should bring the real estate certificate, the settlement certificate and the other rights certificate mortgaged in the bank to the district construction committee office to understand the mortgage, so that his property can be said to be completely his own property.
There are various options for early repayment, such as lump sum repayment, partial early repayment, etc.
Choose the repayment method that suits you best according to your financial situation and repayment ability.
Some banks may have a limit on the number of prepayments, so you need to understand the bank's regulations to avoid exceeding the limit.
Staggered prepayment peaksIf more borrowers apply for early repayment at the same time, it may lead to longer processing times from the bank.
You can choose to apply outside of peak prepayment periods to speed up processing.
Can make an appointment onlineTry to make an appointment onlineNowadays, many banks provide online appointment for early repayment, which can save time and energy and avoid unnecessary queues.
Mortgage prepayment requires careful consideration and planning by borrowers, and before making a decision, they should fully understand the relevant policies and precautions, and make an informed choice based on their actual situation.
Make sure to maintain good communication with your bank so that you can complete the early repayment process smoothly.