At present, the house price is very high, and only a few people can buy a house with full payment. Many people choose to buy a house with bank loans and need to repay on time, which can really solve many problems. If they can't repay on time and default for a long time, they will face certain consequences. Let's have a look!
What will happen if there is no mortgage
1、 He was collected by the bank. Once the mortgage can't be paid on time, the bank will arrange someone to collect it from you. The collection methods are: SMS reminder and phone call. Once this happens, it will have a great impact on the partners. If there is a problem with the funds in the near future, it is more appropriate to borrow money from relatives first.
2、 There are overdue charges. Once the mortgage can not be paid in time, the penalty interest is inevitable, especially the penalty interest of formal institutions is reasonable, and will not be collected without reason. It is worth mentioning that the amount of penalty interest is generally based on the signed contract, but the cost is relatively high. It is suggested that if it is overdue, it should be paid immediately. 3、 Credit is tainted. As we all know, the formal online loan products will be reported to the credit bureau, not to mention the mortgage, so once the mortgage can not be paid in time, it will certainly have an impact on your personal credit. If your credit is damaged, let alone apply for bank loans in the future, even online loans may be rejected.
What are the consequences of not paying the mortgage
3、 Credit is tainted. As we all know, the formal online loan products will be reported to the credit bureau, not to mention the mortgage, so once the mortgage can not be paid in time, it will certainly have an impact on your personal credit. If your credit is damaged, let alone apply for bank loans in the future, even online loans may be rejected.
4、 It's a lawsuit. If the mortgage is overdue for a long time, the bank can file a lawsuit to the court. If you lose the lawsuit, the house you bought will be auctioned to repay the bank's loan. In addition, the bank can freeze your personal assets. If you don't pay back the money, you may even become a Laolai.