If one party cannot be present, it may entrust a third party to notarize. Supplementary information such as customer handbook and customer identity certificate needs to be issued, and it needs to be approved by the Housing Authority.
The procedures for releasing the mortgage are as follows:
1. After the mortgage is settled, go to the bank to handle the settlement certificate, and then the bank will give the user the house ownership certificate, other rights certificate, application for cancellation of mortgage registration, mortgage settlement certificate and other materials.
2. The lender shall go through the mortgage cancellation procedures at the mortgage window of the real estate management center with the above information and my ID card.
3. After submitting the mortgage cancellation application, it can be completed within 2-3 working days.
How long will it take to pay off the mortgage?
1, usually cancelled in 1-2 weeks. If the borrower's property is in the process of mortgage repayment, it can't be used for mortgage loan before the loan is paid off, because the borrower has mortgaged the real estate license to the bank during the mortgage loan process, and the property belongs to the bank before the loan is paid off. Without the title certificate, the borrower can't handle the mortgage registration of the property, so he can't handle the mortgage loan.
2. However, if the borrower has strong repayment ability, stable work income and good personal credit, he can also apply for a credit loan from the bank again. Usually the loan amount is about 5- 10 times of the borrower's monthly income.
3. However, according to the relevant regulations, the bank requires that the sum of the original monthly repayment amount and the current monthly repayment amount of the borrower shall not exceed 50% of the total household income. If the borrower's debt ratio is too high, it will be more difficult to apply for a loan again, and the specific situation needs to be considered by the borrower in combination with his own actual situation.
In addition, if the borrower can't apply for a loan from the bank again, he might as well try to apply for a loan through a private lending institution. Compared with bank loans, the requirements of private lending institutions are more relaxed. As long as borrowers have sufficient repayment ability, they can basically apply for loans.