What is the process of bank decompression?

The process of bank decompression is as follows:

1. loan settlement. After the borrower's loan is settled, it shall issue a notice of bank loan settlement to the personal loan center of the bank, and issue a notice of cancellation of real estate mortgage in triplicate.

2. Obtain the Property Ownership Certificate. The borrower holds his/her ID card and goes through the formalities of fee cancellation to issue a notice of fee cancellation to the relevant unit.

Third, we must understand the charges. With the above procedures, the borrower goes to the property rights trading center of the city to handle the mortgage cancellation procedures.

Decompression is to apply for a loan from a bank, usually by way of real estate mortgage. At this time, the real estate will be mortgaged in the name of the bank, and the trading center will give the bank other rights certificates. After you pay off the loan, the mortgage will be revoked, that is, the pressure will be reduced, so that the real estate rights will not be restricted and the bank will no longer be the mortgagee.

To apply for a house loan, you need to prepare some documents to decompress. After the bank loan is paid off, the bank will give you a housing management certificate, show you a notice of mortgage cancellation, which is the proof of loan settlement, then bring your ID card (copy) and mortgage contract (original), and then go to the housing management bureau to cancel the mortgage registration.

Mortgage loan, also known as "mortgage loan". Refers to a loan method adopted by some national banks. The borrower is required to provide a certain amount of collateral as loan guarantee to ensure the repayment of the loan at maturity. Collateral is generally easy to preserve, wear and tear and sell, such as securities, bills, stocks, real estate and so on.

Mortgage loan is a way for the buyer (mortgagor) to borrow money from the bank (mortgagee). That is, the buyer takes the purchased property as collateral, signs a mortgage contract with the bank, and takes the way of not transferring ownership as a guarantee to repay the loan to the bank on schedule. Interest must be paid on this loan. After the buyer (mortgagor) pays off the principal and interest to the bank according to the contract, he can recover the collateral-Property Ownership Certificate and Land Use Certificate.

In other words, property buyers do not really own the ownership of the houses they buy before paying off the loans. If the repayment is not made on time, the bank can handle it according to law.

After the loan expires, if the borrower fails to repay the loan on time, the bank has the right to auction the collateral and repay the loan with the proceeds from the auction. The balance of the auction money after paying off the loan shall be returned to the borrower. If the auction money is not enough to pay off the loan, the borrower will continue to pay off.