Whether both husband and wife are required to be present to repay the mortgage loan in advance depends on the specific circumstances, and it depends on whose name the loan was originally handled. If the loan is only in the name of an individual, the borrower can go to the bank to sign for early repayment of the loan. For a loan that both husband and wife apply for simultaneously, both husband and wife must be present to sign for early repayment. In addition, when the loan is settled and the couple’s names are on the property certificate, they need to obtain the certificate according to the bank’s regulations. Some banks require both husband and wife to be present to handle the mortgage release procedures, while some banks only require the primary lender to go to handle the procedures.

What should you pay attention to when repaying your loan in advance?

1. Make an appointment with the lending bank in advance

Some users think that they can repay when they want. In fact, this is not the case. Because the mortgage amount is large, it needs to be approved by the bank first. Only after the bank's approval is passed, you can make early repayment. Therefore, when planning to repay your loan early, it is best to make an appointment with the lending bank one week in advance.

2. Liquidated damages

For early repayment, banks will charge certain fees, the most common of which is liquidated damages. Different banks have different standards for charging liquidated damages. It is best for home buyers to consult with the lending bank first.

3. There is a limit on the amount of early repayment

For early partial repayment, it is not that the home buyer can repay as much as he wants, but there is a limit. Generally speaking, the minimum repayment amount is 10,000 yuan, and secondly, the repayment amount must be an integral multiple of 10,000 yuan.

4. There are requirements for early repayment time

Most banks have requirements for early repayment time. For example, you can only apply for early repayment after one year of repayment. Therefore, if If the repayment time does not meet the requirements, you cannot apply for early repayment.

5. There are many requirements for early repayment of combination loans

Many home buyers have adopted combination loans to buy houses. They originally thought that they would pay off the commercial loan first when repaying the loan early, but the result was that It was rejected because when a combination loan is repaid in advance, you cannot just repay one of them, you must maintain a certain ratio.

6. Pay attention to the interest rate

If you repay the mortgage in advance, we need to understand the bank’s interest rate. For example, when the interest rate of the mortgage begins to decline, it will be very uncomfortable if we repay the mortgage in advance. It’s a good deal, but you will suffer a lot because the falling interest rates have already offset a lot of your early pressure.