Will the bank notify the repayment after the mortgage is passed?

After the mortgage is approved, the bank will notify the repayment, usually by sending a text message to the mobile phone number reserved by the lender. After the mortgage loan is released, it is generally paid back from the next month. Of course, sometimes if the loan date is close to the first repayment date, it may be postponed until next month. For example, the loan date is on the 27th of this month, and the repayment date is on the 2nd of each month. Because the 27th is a little short of the first repayment date, that is, the 2nd of next month, the bank will directly postpone the repayment until the 2nd of next month. However, the specific provisions of the handling bank shall prevail.

How to repay the mortgage?

1. One repayment method: equal repayment of principal and interest.

This is the most common way at present, and it is also recommended by most banks for a long time. Matching principal and interest repayment method is to add up the total principal and interest of mortgage loans and then distribute them evenly to each month of repayment period. As a repayment, he pays a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.

In this way of repayment, everyone needs to pay the same amount of money every month. Therefore, everyone's repayment operation is relatively simple, and it is convenient to arrange income and expenditure by bearing the same amount every month.

This method is more suitable for families with stable income. If you buy a house and live for yourself, you can also choose this method if the economic conditions do not allow you to invest too much in the early stage. However, it also has some defects, because the interest will not decrease with the repayment of the principal amount, and the bank funds take up a long time, and the total interest of repayment is higher than the average principal repayment method to be introduced below.

2. The second repayment method: equal principal repayment.

The so-called average capital repayment method can also be called the repayment method with interest and principal and average capital with unequal interest. In this way, the lender will allocate the principal to each month and pay off the interest between the previous trading day and the repayment date. Compared with the matching principal and interest, the total interest cost of this repayment method is lower, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month.

For equal principal repayment, the amount of money to be repaid in the first month is the most, and it will gradually decrease in the future, so the repayment pressure in the early stage of the loan is relatively high.

This method is very suitable for people with high income at present, but it is predicted that their income will decrease in the future. In fact, many people over middle age, after a period of efforts, have a certain economic foundation. Considering that your income may decrease with retirement and other factors, you can choose this way to repay.

How to avoid forgetting to repay the mortgage?

1. Remember the repayment date of the loan.

Check the repayment date and amount on your loan contract so as to know exactly when and how much you want to pay back.

2. Make good use of automatic repayment

Many bank cards provide the function of automatic deduction, which can be bound to a savings card and automatically repaid three days before the expiration. The premise is to ensure that there is money in this card, otherwise the automatic repayment will fail, and you forget to repay, so there will be repayment in loans overdue.

3. Maintain sufficient repayment amount.

After receiving the salary every month, deposit a part of it into the repayment account, and save enough repayment amount in advance to avoid the situation that the repayment date cannot be fully deducted and it is overdue because of a few dollars.