Will there be a text message notification when the mortgage is disbursed?

There will be a text message notification when the mortgage loan is disbursed, and the bank will send the loan notice and repayment notice through the mobile phone number reserved by the lender. Therefore, lenders should note that during the loan process, it is best not to change the mobile phone number. The mobile phone number reserved in the bank is the number used by the bank to issue various notifications. If you change the number, you should pay attention to the bank's mobile phone number change.

Procedures after the mortgage loan is disbursed

If the mortgage loan has been disbursed, there are no formalities for the customer and the bank to go through for the time being. However, the bank will mail the loan contract later, and the customer should pay attention to check it.

When the loan funds are transferred to the real estate developer, after the other party receives the house payment, all the invoices will be given to the customer. The customer should pay attention to keep them, and the house will be delivered later. If you buy an existing house, you can wait until you get the house key from the developer, then carry out the house renovation work, and then you can move into your new home.

Everyone needs to note that mortgage repayments usually start from the month after the loan is disbursed. The bank will usually send a message reminder before repayment. Customers must remember to repay on time according to the agreed repayment plan (deposit money into the repayment account). Just put it in your bank card, and the bank system will automatically deduct the money on the repayment date).

After the customer has paid off the mortgage, he or she has to go to the bank to issue a loan settlement certificate, get his certificate back, and then go to the local housing authority to go through the mortgage release procedures. When the mortgage registration is lifted, the house truly belongs to you and the mortgage is truly over.

Notes on mortgage repayment

1. Distinguish between equal principal and interest and equal principal

Mortgage repayment is divided into equal principal and interest and equal principal. kind.

For borrowers who repay equal amounts of principal and interest, since the total monthly repayment of equal amounts of principal and interest is fixed, the repayment principal increases gradually and the repayment interest decreases. If the borrower has repaid to the mid-term, That is, most of the interest has been repaid, and early repayment of the mortgage mainly repays the principal, so it has limited significance. The equal amount of principal is to divide the total amount of the loan equally, and calculate the repayment interest based on the remaining principal. As the repayment time increases, the remaining principal decreases and the repayment interest becomes less and less. When the repayment period exceeds 1/3, the borrower has paid half of the interest. If it is repaid early at this time, the interest saved will not be much.

2. There is no need to rush to repay the loan that originally enjoyed a 30% discount on the expected annual interest rate

A search on relevant websites found that due to the increase in bank capital costs, there is a 30% discount on home loans and a 15% discount on the expected annual interest rate. There are very few mortgages, and it is common for second-home mortgages to see rising annualized interest rates. Bankers reminded that there is no need to rush to repay loans that originally enjoyed a 30% discount on the expected annual interest rate. "If you repay it, you will no longer be able to borrow a loan with a 30% discount on the expected annualized interest rate." Bankers suggest that mortgage loans with discounts do not need to be paid back early, and idle funds can be used to invest in monetary funds or bank short-term financial products. The same Can reduce mortgage interest costs.

3. Make full use of the provident fund

For borrowers with relatively high monthly provident fund payments, they may consider repaying part of the mortgage in advance, but it is not necessary to repay all of it, because once the mortgage is fully After repayment, there will be no room for utilization of the monthly provident fund. According to the existing provident fund policy, employees cannot withdraw their provident fund in advance except for purchasing a house. Considering the current housing purchase restriction policy, most people are unlikely to buy houses multiple times, so it is unlikely that everyone will withdraw their provident fund in advance. It is better to be able to pay off the mortgage every month, making it more efficient and making your cash flow more abundant.

4. Don’t forget to complete the follow-up procedures

After the mortgage is paid off, it does not mean that you will be debt-free. The industry reminds home buyers who have paid off their mortgages not to forget to go through the follow-up procedures. The procedures for repaying the home loans are as follows:

1) Go through the cancellation procedures for the house mortgage with the lending bank;

2) Go through the refund procedures for the corresponding insurance premium with the insurance company;

3) Go through the refund procedures for the deposit (if any) with the developer;

If you are applying for a loan If you have already applied for a real estate certificate during this period, you only need to take the bank's cancellation form, other rights certificates and ID cards to the window of the housing management department.

If you have not applied for a real estate certificate, after the loan repayment is completed, take the bank's cancellation form to the window of the housing management department to cancel it, and then apply for the real estate certificate. You must bring the following information:

1) The identity of the property owner and the owner. Copy of certificate or household registration book, household registration certificate and private seal;

2) House purchase contract (original);

3) Deed and copy;

4) House purchase invoice and copy;

5) House ID and copy;

6) Marriage certificate and copy or certificate of unmarried status;

Bank The relevant person in charge reminded the public that various banks have different operating regulations on the procedures for repaying home purchase loans. However, when applying for a housing loan, banks generally register a mortgage on the property, and the property certificate with a mortgage registration mark limits the transaction and remortgage of the property. After repaying the loan, the property holder needs to go to the bank to go through a process of canceling the mortgage registration. After the house purchase loan has been paid off, the property holder will go to the housing authority to cancel the mortgage registration. At this time, the homeowner has complete rights to the property. Only with ownership can transactions such as transfer of ownership be carried out.