Are you trying to pay your mortgage early? If so, I'll help you figure out what documents to prepare. The topic has recently attracted much interest, as many have opted for early repayment of housing loans。

A list of the materials required for early repayment of the mortgage

The first thing you need to consider is that you need to prepare a housing loan contract, your identity card, an application for an advance payment, and a bank card or a deposit note for your bank account. Before applying for early repayment, I suggest that you look at the terms of the loan contract for early repayment to ensure full knowledge. Some contracts require a certain amount of liquidated damages to be paid in advance. If you intend to ask someone to pay you in advance, you need to prepare a client's identity card and a warrant。

You need to release your mortgage after you have paid your mortgage. This is done, so your house can be your property. In practical terms, you need to take a real-estate certificate and clear the certificate of other rights that you have mortgaged to the office of the Commission where you live. The purchaser then takes your home title certificate, your other title certificate, the original identity certificate and a copy thereof, the original certificate of cancellation of the mortgage registration and the application for the mortgage registration to the office of the Housing Authority。

And then another step is to withdraw. After you have paid off all the loans in advance, the original personal housing loan insurance contract also needs to be terminated earlier. According to the regulations, you can go to the insurance company to process a monthly refund of insurance premiums with your insurance policy and an advance payment certificate。

With regard to the calculation of insurance premiums, it is usually up to you whether your house is a current or a term, the actual duration of insurance coverage for a term is at least six months, the duration of insurance coverage for a term is generally one year less borrowing, the discount rate of the original lump-sum contribution and a speed factor. The formula is: a refund of insurance premiums = the present value of insurance premiums paid at the time of early repayment — the insurance premiums used before early repayment。