First, you can bring your ID card, contract, bank card or cash before decompression. Some banks need to make an appointment and return warrants, power of attorney, settlement certificate and other materials within a few working days after acceptance.

Second, the borrower will take these materials to the local housing authority to understand.

Third, after the decompression is completed, the borrower can get the house book. At this time, you can pay attention to the mortgage records on the house book, including the amount and duration of the mortgage, and the bank keeps the other warrants printed by the local housing authority.

Four, after the loan is settled, the general bank will return the borrower's other warrants, and then take them to the Housing Authority to understand the mortgage situation. After printing the mortgage record, the date of canceling the mortgage will be 100% owned by the borrower, and the loan can be sold or mortgaged again.

Loan decompression means that the lender pays off the loan and cancels the mortgage. In the process of loan, there are many ways to mortgage the loan. For example, when some lenders apply for mortgage from banks, they will choose real estate as mortgage. Property mortgage means that the house is in the name of the bank, and the trading center will give the loan bank other rights. After the loan is paid off, the mortgage can be cancelled, that is, decompression.

How long does it usually take for mortgage decompression?

Whether it is a home mortgage loan or a mortgage purchase loan, the property needs to be mortgaged to a bank or a borrowing institution. Therefore, after the borrower settles the loan in the later period, it needs to go through the relevant decompression procedures. Of course, because after all, his house is mortgaged in the hands of others, the borrower must be more concerned about the specific decompression time.

The time of decompression procedure is uncertain. Generally, it can be completed smoothly in the shortest day. Generally speaking, the decompression time of private lending institutions is shorter than that of banks, and the decompression time of banks is about 15 days. After paying off the loan, the borrower may submit a decompression application to the bank or lending institution. Generally, if a staff member assists in going to the Housing Authority on the same day, decompression will be successful on the same day. Therefore, the specific decompression time depends on when the bank staff contact the borrower to help decompress.

After paying off the loan, the general borrower can take the relevant information to the local housing authority for decompression, and the staff will assist in decompression. After decompression, users can get their real estate license back.