What if the balance of mortgage deduction is insufficient?

if the daily balance of mortgage repayment is insufficient, there are several ways to deal with it.

1. Replenish the loan repayment funds as soon as possible to avoid overdue.

as long as the loan is repaid before 24: on the repayment date of the mortgage, it is not overdue and will not have a negative impact on it.

However, if the time is too late, the bank may not deduct the money automatically and need to repay it manually.

2. negotiate with the bank to postpone repayment.

The mortgage loan can be repaid through negotiation. When you encounter some objective circumstances that make it impossible to repay the loan temporarily, you can try to contact the bank to explain the situation and apply for deferred repayment.

However, if you want to apply to the bank for deferred repayment, you may need to apply to the bank in advance, because it takes some time for the bank to approve. If you apply again on the repayment date, it may be too late, and the bank may not be able to approve it, which may lead to overdue mortgage.

If the mortgage repayment date is missed and the repayment is overdue, it will bear the following consequences: 1. The credit report will be hurt.

the bank will report the overdue situation to the credit investigation, and once a stain is left on the credit investigation, it will affect the future credit activities.

2. It will be collected by the bank.

after the overdue period, the bank will definitely collect the money and urge the repayment by phone or SMS.

3. Default interest will be calculated by the bank.

overdue mortgage will generate overdue penalty interest, which will be calculated on a daily basis. The longer overdue, the more penalty interest will be generated.

4. The mortgage contract may be terminated early.

if there is a serious overdue behavior, the bank will terminate the loan contract according to the provisions of the loan contract and demand to repay the mortgage in advance.

5. Dispose of mortgaged property according to regulations.

if the bank can't repay the loan after the mortgage is terminated early, then the bank will dispose of the property according to the regulations.

Therefore, it is necessary to keep a good repayment record when repaying the mortgage, otherwise it will bear more serious consequences.

you can click query in "sixi data" and enter information to query your own credit data. The query results will show important data information such as personal credit status, cyber black index score, blacklist, online loan application record, application platform type, overdue, overdue amount, credit card and online loan credit estimated amount.

Extended information:

Can I apply for other loans during the mortgage application period?

other loans can be made during the mortgage application period, and the bank has not explicitly stipulated that other loans are prohibited during the mortgage application period.

1. As long as the applicant's personal credit remains good and provides sufficient income data to prove that he has the ability to repay the principal and interest of the loan on time, the mortgage will generally be approved smoothly, and the mortgage will not be directly rejected by the bank just because he has applied for other loans.

2. If you are not in urgent need of funds, it is actually better to wait until the mortgage loan is successfully paid. After all, if you apply for other loans at the same time, you will also leave a message on the credit report. If you apply for too many loans at the same time, you may be suspected of borrowing from multiple sources, which will make the bank suspect that you are applying for other loans to repay the mortgage in the future. In this case, the bank may refuse to approve the loan for fear of unstable economic life and insufficient repayment ability.

and if you need funds and have to apply for other loans during the mortgage application period, you can choose online loans. After all, some online loans are not connected to the central bank's credit information.

Of course, it is recommended not to apply for too many loans at the same time, otherwise the repayment pressure will be greater if you apply for them later.