First of all, this is because we are facing a certain degree of inflation. As we all know, the purchasing power of RMB in China has been declining. Because money will depreciate, and it will only become less and less valuable in the future. So from this perspective, it will be a loss to repay the mortgage in advance.

Secondly, people in our country can't actually borrow much money if they want to go to the bank for loans. Only mortgage can get such a large sum of money. If you are eager to repay the mortgage, it is equivalent to giving up the benefits of such a large loan. In addition, although the mortgage interest is higher than the deposit interest, compared with some lending institutions or peer-to-peer lending platforms on the market, it is still very cost-effective, and there is no need to rush to repay the mortgage.

Finally, choose investment and financial management. After all, many people will not be eager to save some spare money now, but will choose some wealth management products with higher returns. Although there will be some risks, it is also a high return. If you choose to use this money to repay the mortgage in advance, there will naturally be no chance to make money.

Procedures for prepayment of mortgage loans:

The general process of prepayment of mortgage is to understand the requirements of prepayment of loan contract, prepare liquidated damages-prepare materials-apply for repayment-go through repayment procedures.

First, to repay the mortgage in advance, we must first pay attention to the requirements of repaying the loan in advance in the loan contract, and whether it is necessary to pay a certain penalty for repaying the loan in advance (at present, the general bank does not charge it). If the contract indicates that liquidated damages will be collected, be sure to see clearly how much to collect and prepare this liquidated damages;

Two, the loan bank telephone consultation in advance owing on the loan application time and minimum repayment amount and other materials need to be prepared;

Third, according to the requirements of the bank, individuals apply to the relevant departments for early repayment. General banks will require customers to fill in an application form for prepayment;

4. Bring relevant certificates to the borrowing bank, go through the formalities related to prepayment, submit the prepayment application form, and deposit the prepayment at the counter.

Precautions for advance payment:

First of all, you must ask the requirements for repaying the loan in advance.

If the borrower wants to repay in advance, he must repay for more than half a year, or even individual banks require repayment for more than one year. Banks generally require borrowers to submit written or telephone applications 15 working days in advance. After the bank receives the borrower's application for early repayment, it needs to be examined and approved, so it usually takes about one month. In addition, banks have different requirements for repaying loans in advance. For example, some banks stipulate that repayment in advance is an integer multiple of 1 0,000, and some banks need to charge a certain penalty.

Second, prepayment documents need to be prepared.

If the borrower needs to repay the loan in advance, he should generally apply by phone or in writing and go through the examination and approval formalities at the bank with his ID card and loan contract. If it is a borrower who has settled all the balance, after the bank calculates the remaining loan amount, it is convenient for the borrower to save enough money to repay the loan in advance. If it is a customer or owner of the sub-mortgage business, it is best to find a professional guarantee institution to do entrusted notarization to avoid the risk that the owner will increase the price after the owner repays in advance, and the customer will not buy it or use the down payment to help the owner pay off the final payment.

Third, don't forget to surrender and lift the mortgage when repaying the loan in advance.

After the lender settles all the final payment in advance, the bank will issue a settlement certificate. The borrower can call the relevant insurance company with the original loan settlement certificate, the original policy and the original invoice issued by the bank to make an appointment to surrender. When the borrower applies for a loan, the bank will register the mortgage. After the customer settles the loan, don't forget to understand the mortgage. The borrower should bring the real estate license, settlement certificate and other rights certificate mortgaged in the bank to the office of the District Construction Committee to understand the mortgage situation. In this way, your own property can be completely your own property.