I don't want to pay my personal mortgage. Does it matter if I want to go abroad?

Going abroad generally requires good conduct, that is, providing a record of no criminal proof. Theoretically, it won't affect, but the property is at risk of being auctioned. Australian and real immigrants reminded that domestic real estate can be sold before going abroad.

Failure to repay the mortgage will affect your credit history and there will be a penalty interest. If you don't pay your debts for several months in a row, the bank has the right to auction the house you bought to pay your debts.

If the loan principal and interest are not repaid on time for the first time, the bank will notify you by phone or SMS. If you don't repay the loan principal and interest for more than three times in a row, the bank account manager will call to collect it, and you will also be fined; If the repayment is not made for six consecutive times or more, the bank will solve it through legal channels. If the bank lawyer still fails to repay the loan, your mortgaged property in the bank will be frozen; If the bank still refuses to repay after consultation with you, then the bank will auction the property through legal procedures, and the proceeds will be used to repay the loan principal and interest first.

It is reported that if the mortgage is not repaid on time, the personal credit record will leave a "stain", and in serious cases, it will be blacklisted by the bank, and it will be difficult to obtain loans in the future. Moreover, even if the borrower pays off the debt, the credit "stain" will remain for five years.