I. Loan settlement
After you repay the mortgage, the first thing to do is to settle the loan, because the subsequent procedures need to provide proof of loan settlement.
Second, cancel the mortgage.
After completing the loan settlement procedures, you need to bring your ID card, loan settlement certificate and other documents to the housing management office to go through the mortgage cancellation procedures. Because only after going through the formalities of canceling the property can the property be transferred to its own name and the ownership of the house be truly owned.
Third, insurance surrender.
When we apply for a mortgage in a bank, we often need to apply for some related insurance business as a guarantee, and after the mortgage is paid off, we naturally need to go to the insurance company for surrender procedures.
Four. Refund of deposit
Loan to buy a house may have to pay a deposit at the developer, so after the mortgage is paid off, you need to go to the developer to refund the deposit.