What if the epidemic mortgage is not repaid? Apply for deferred payment.

Due to the epidemic situation in COVID-19, if the housing loan is not paid, you can apply for deferred payment. Individuals infected with COVID-19 can enjoy a one-year grace period for entrepreneurial loans and secured loans, and enjoy financial discount support again. For users infected with COVID-19 or damaged by COVID-19 epidemic, financial institutions should give priority to treatment, and appropriately expand the scope of responsibility, but it is necessary to clarify the relevant situation according to the specific repayment situation and loan repayment method. The above is what to do if the mortgage has not arrived yet.

The difference between housing loan and housing loan

1, the definition is different: mortgage is based on real estate transactions. Users sign a house purchase agreement with real estate developers, apply for a loan from the bank after paying the down payment, and then use the borrowed funds to pay the rest of the house purchase. Housing mortgage refers to the user applying for a loan from the bank with the ownership of the house under his name as collateral. Assets are mainly used for personal daily transactions or car purchase, decoration, tourism, education and other production and operation, and cannot be used for house purchase;

2. Different policy restrictions: Mortgage loans are generally only affected by bank loan policies. In addition to the bank loan policy, mortgage loans also need to look at local housing restrictions;

3. The difference between whether you can use the provident fund: after applying for a mortgage, if the user has paid the provident fund, you can also use the provident fund to repay the loan, and the mortgage cannot be repaid with the personal provident fund. However, whether it is a house loan or a mortgage, users still need to remember to find a bank to issue a loan settlement certificate, and then go through the formalities of understanding the mortgage. If the loan is not paid, the bank can ask the court to enforce it, mortgage the house by auction, and then use the proceeds from the auction to repay the remaining outstanding loans.

Can I buy a house with a mortgage loan?

If you have a mortgage, you can still borrow money to buy a house, because as long as users meet the conditions for issuing loans, banks and lending institutions will issue loans to users. Banks and lending institutions lend loans to users, mainly to check the credit status of users and whether they have the ability to repay the loan principal and interest on time. Therefore, banks and lending institutions will also allow users to apply for loans. As long as users have good personal credit and are not overdue, the remaining wages after housing loans are still sufficient. Naturally, if the user has not paid off the housing loan and applies for a loan to buy a house again, banks and lending institutions may increase the down payment ratio when the user pays the down payment, or raise the user's loan interest rate, or may not enjoy the preferential loan interest rate. This article is mainly about how to deal with epidemic mortgage, and the content is for reference only.