After the mortgage has been granted, many may find it impossible to do so and wonder how it should continue. An analysis of what should be done from several angles follows。

What's next

I. Timely repayments

First, when the mortgage is approved, all we need to do is pay back on time. Banks do not give us too much grace period, and problems such as non-payment of money on time can arise in terms of interest-rate penalties, influence on letters. Therefore, timely repayment not only allows us to maintain a good credit record, but is also an important measure to avoid default。

II. ORGANIZATION OF YOUR OWN FUNDS

Secondly, the pressure on our families from mortgages must be considerable, so we need to rationalize our own funds and not make repayments a burden on our daily lives. When buying a house, we need to take into account the family ' s income and choose an appropriate mortgage scheme. While repaying the loan, care should be taken to avoid overconsumption to the extent possible and to set aside sufficient funds for the repayment of the loan。

Advance repayments

If family funds allow, we can also consider early repayments. While early repayments can ease the burden on us, the repayment cycle can also be shortened and more interest expenditure can be saved. There is, however, some attention to early repayment. Some banks will charge a certain amount of early repayment of the loan defaults, so that the bank ' s requirements will need to be consulted before early repayment。

iv. See if you can re-loan

Some will consider the possibility of refinancing after the loan has been repaid. This depends on the family and financial situation of each individual. If our income is more stable and well-funded, re-loans may also be considered, such as the purchase of second-hand rooms for our own instruments or the re-purchase of new houses. But it also needs to be noted that loans are not a small matter, and we need to consider carefully our risk-taking capacity。