Information > General article > Raiders channel > Mortgage >  text

What if the house mortgage is not up?

Time: 2017-05-08         Source: Rong 360 finishing         Author: Nanshan

Buying a house through a home loan, and then repaying it according to regulations for a long time, but due to a lot of uncertainty in the future, it is very likely that the mortgage will be overdue. Then,What if the house mortgage is not up?Let Rong 360 Xiaobian (luxiaodai360) tell you the solution.

1. Application for extension

If it is only temporarily not available, you can negotiate with the lending institution to apply for the extension. Generally, as long as the situation is true, the lending institution is willing to give a certain period of extension.

2. Borrow money from friends and family

If you have a good relationship, you can borrow money from your relatives and friends to repay the loan, but you must make a good loan and agree on the interest. When the situation improves, you can return the debt in time.

3. The collateral is auctioned

If you are unable to repay the loan, you can let the lending institution auction the collateral, and the proceeds will be used to repay the principal and interest of the loan, and the remaining amount will be returned to you.

No matter which way you ease the current economic pressure, remember: repay! Don't use "drag and drop" or simply don't pay back, which makes it easy to bring trouble to yourself.

What are the consequences of real estate mortgages?

Real estate mortgage loans are not serious.

First of all, there will be a penalty interest. If any loan is not repaid on the loan maturity date, the lending institution will collect the penalty interest. The mortgage loan will be the same, and the penalty interest will be charged according to the regulations.

Secondly, it will produce bad repayment records, which will be included in the central bank's credit information system, affecting personal credit, which will make it difficult for borrowers to refinance.

Finally, if the loan is not repaid after multiple calls, the lending institution has the right to auction the mortgaged property, use the proceeds from the auction for repayment, and the remaining amount is returned to the borrower.

    Urgent use of money? We have reviewed hundreds of microfinance products! Pay attention to the WeChat public account "find small money" (ID: luxiaodai360), reply to "emergency money", no longer afraid of borrowing money.

[Exclusive Manuscript and Disclaimer] Any work, such as "360 Original", without the written authorization of 360, may not be reproduced, extracted or otherwise used by any unit, organization or individual. If you have been authorized in writing, please indicate the source of 360. Anyone who violates the above statement and infringes on the legal rights and interests of Rong 360 shall be investigated for legal responsibility according to law. The materials and conclusions in the works are for user's reference only and do not constitute operational recommendations. To obtain written authorization, please send an email to:

Comment list (user comments are only for users to express their personal views, does not mean that the site agrees with its views or confirms its description)
you may also like
  • The loan is not yet on the pawnshop whether it has the right to sell the mortgage  As the saying goes, there are loan needs to find a bank, there is a need for fast loans to find a pawnshop. The simple and clear conclusion not only tells the difference between the pawnshop and the bank, but also points to the borrowers who need the funds urgently. Mr. Zhang, who urgently needs large loans at the end of last year, abandoned the bank...
  • What if the campus loan is not up?  First, explain the reasons to the lending institution. The application for the extension is like the card friend in the community. It only borrows thousands of dollars. If you borrow 12 months, there are no problems with a few hundred dollars per month, but because of the temporary situation, The funds can't keep up, it's not enough. It's time to use...
  • What should I do if I have a tight loan?  With the development of financial markets, more and more people can borrow money more easily in the market. However, some borrowers are unable to repay their loans on time due to insufficient estimates of their repayment ability or unexpected circumstances. Then I can’t get a loan at the moment...
  • What if the loan is not up? Don't panic, here is the coping!  For many microfinance borrowers, overdue is the norm, and their daily status is either overdue or on the way to overdue. The picture below shows that a friend borrowed a loan shark to make a transition, but he will die at the beginning of next month. He said, Luxiaodai360 wants to say...
  • The loan is not yet available. What should I do if I encounter a collection?  With the development of the financial market faster and more people are starting to borrow money on the online platform. Some borrowers are not allowed to repay their repayment ability, which makes it impossible to repay on time. What should I do? At this time, maybe you are...