20-year mortgage loan to buy a house, if there is money in the middle, can I pay it back in advance?

One, 20 years mortgage loan to buy a house, if there is money in the middle, can you pay it back in advance?

I have experienced it. Tell the bank the number one month in advance, and you can return it on the same day next month. You don't need anything Just call the bank employee who gave you the loan in advance.

2. What do you mean by continuing to deduct money during prepayment?

1. The method of "continuing to deduct money during prepayment", that is, after repayment, the monthly repayment amount is recalculated according to the remaining loan principal and repayment period. After the loan is withdrawn, the borrower still repays the loan according to the original agreed repayment date, but the monthly repayment amount is reduced and the repayment pressure is reduced.

2. The method of "prepayment without deduction", that is, the bank calculates the repayment interval according to the repayment amount of the borrower's provident fund, and sets a repayment schedule for it, and the borrower repays according to the repayment schedule.

Third, if you buy a house with a 20-year mortgage loan, can you pay it back in advance if there is money in the middle?

The mortgage can be repaid in advance.

Early repayment means that the borrower applies to the bank to repay part of his loan in advance, and guarantees that the loan will be repaid in the current month without being overdue last month; Pay off all or part of the loan in one lump sum according to the date stipulated by the bank.

And there is no need to pay liquidated damages.

What is housing mortgage? Housing mortgage loan is a kind of housing guarantee loan, which refers to personal housing loan provided by real estate development enterprises with the houses purchased by buyers as collateral. The popular meaning of "mortgage" refers to the mortgage of loans with pre-purchased commercial housing. It means that the mortgagor transfers the pre-purchased property rights to the mortgage beneficiary (bank) as a repayment guarantee, and after repayment, the mortgage beneficiary transfers the property rights to the mortgagor. Specifically, mortgage loan refers to the loan that the buyer obtains from the bank with the pre-purchased building as collateral, and the buyer pays the bank in installments according to the repayment method and time limit agreed in the mortgage contract; Banks charge interest at a certain rate. If the lender defaults, the bank has the right to take away the house.

Risk of mortgage loan: As a kind of mortgage loan, mortgage loan has its own risks for banks. Judging from the global financial risk caused by the butterfly effect of American subprime mortgage in the first quarter of 2007, the financing mode of mortgage loan is partly determined by the market situation of housing market. When the market interest rate rises and the housing market is depressed, the repayment ability of lenders may be affected, and banks will face huge credit risks accordingly. When the risk accumulates to a certain extent, it is possible that one day, huge financial risks will break out. In September, some commercial banks raised the down payment ratio of mortgage loans, to some extent to prevent this risk.

Mortgage loan-Baidu encyclopedia

Four, 20 years of mortgage loans to buy a house, if there is money in the middle, can you pay it back in advance?

Yes, the mortgage can be repaid in advance.

Prepayment is generally divided into two ways: partial prepayment and full prepayment.

According to the different repayment methods, the borrower can choose to reduce the term or amount. It is understood that at present, most banks can provide five ways to repay loans in advance for customers to choose from.

First, all loans are repaid in advance, that is, customers pay off all remaining loans at one time. (There is no need to repay the interest, but it will not be refunded if it is paid)

Second, a part of the loan will be repaid in advance, and the monthly repayment amount of the remaining loan will remain unchanged, thus shortening the repayment cycle. (save more interest)

Third, repay some loans in advance, reduce the monthly repayment amount of the remaining loans, and keep the repayment period unchanged. (Reduce the monthly payment burden, but less than the second type)

Fourth, repay some loans in advance, reduce the monthly repayment amount of the remaining loans and shorten the repayment cycle. (save more interest)

Fifth, the remaining loans keep the total principal unchanged and only shorten the repayment period. (The monthly payment will increase and the interest will decrease, but it is relatively uneconomical.)

Extended data:

Early repayment requirement

First, the borrower can only propose to repay part or all of the loan in advance for the first time after six months of normal repayment of the principal and interest of the loan;

Second, for serious loan management, lending institutions have set a minimum amount for early repayment of some loans, which generally needs more than 6,543,800 yuan;

Third, the borrower generally needs to notify the lending institution 18 days or 15 days in advance to repay the loan in advance, and must submit a written application to the lending institution with the original loan contract, bank repayment savings card, monthly statement of fund repayment, my ID card and other materials, which must be reviewed and approved by the lender;

Fourth, the borrower still needs to repay the original monthly loan principal and interest repayment amount in the current month, and at the same time deposit the loan amount to be repaid in advance into the bank savings card.

Upon confirmation, if the lending institution repays part of the housing loan in advance, it shall adopt the calculation principle of "paying interest first, then paying the funds, and reducing the repayment period by the same amount month by month" according to the interest-bearing repayment method determined in the original loan contract.

After repaying part of the loan in advance, recalculate the loan balance and the final repayment period, reprint the Monthly Interest Statement of Capital Repayment, and re-sign the Loan Modification Contract with the borrower. The loan interest decreases as the principal decreases.