Will the bank inform the mortgage repayment?

After the mortgage is approved, the bank will generally call the lender and prepare to repay the mortgage from next month. Some banks have SMS notification before the repayment date every month, and indicate the amount to be repaid this month. However, mortgage repayment is always the lender's business, and banks generally just remind them that mortgage repayment should be consciously on time.

There are several ways to repay the mortgage.

1, fixed-rate mortgage: it is more cost-effective to enter the interest rate hike cycle.

According to industry insiders, the mortgage contracts signed by domestic borrowers and banks are all floating interest rates. Every time the central bank raises interest rates, the borrower's monthly payment will increase accordingly.

2. Equal repayment of principal and interest: suitable for groups with stable income.

According to insiders, at present, the most repayment method handled by banks is equal principal and interest repayment. This repayment method is to add up the total principal and interest of the mortgage loan, and then share it equally every month during the repayment period. As a repayment, he pays a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.

3. Equal principal repayment: suitable for people with higher income at present.

In addition to the equal principal and interest repayment method, average capital repayment method is also a common method to repay the mortgage, and the borrower can gradually reduce the burden with the increase of repayment period. This repayment method distributes the principal to each month and pays off the interest between the last repayment date and the current repayment date.

4. Equal increase (decrease): strong flexibility.

Equal increasing repayment and equal decreasing repayment refer to the interval and amount of increasing or decreasing repayment agreed with the bank when investors are engaged in commercial housing loan business; In the initial period, repayment shall be made at a fixed amount; After that, the monthly repayment method is based on the interval and the corresponding increase or decrease. Where the interval is at least 1 month. It subdivides the repayment period, and in each subdivision unit, the repayment method is equivalent to the equal principal and interest. The difference is that the repayment amount of each time division unit may be increased or decreased equally.

5. Repaying the principal and interest on schedule: suitable for real estate investors.

"Repaying the principal and interest on schedule" means that the borrower formulates different repayment time units for repaying the principal and interest of the loan through consultation with the bank. That is, decide to repay once a month, quarterly or annually. In fact, according to different financial conditions, the borrower collects the money to be repaid every month and pays it back together for several months.