Once the term of your mortgage loan has ended , or if you are interested in selling the home. You can to do it choose to cancel the mortgage at the Property Registry . This is a step that is not mandatory once twenty years have passed since you applied for the mortgage loan, except in the case of wanting to sell the property. Steps to follow to cancel the mortgage Canceling the mortgage is a fundamental legal operation if you want the mortgage of the property to, once the obligation that was guaranteed with it has ended. This may be because the mortgage loan has been paid, or because the property was at auction. The different types of mortgage cancellations There are two different types of mortgage cancellations : Cancellation that takes place when the mortgage term ends and all installments have been paid.
Request zero debt certificate from the bank
To cancel a mortgage, you must ask your bank to issue a certificate, whose name is: ‘zero debt certificate’. This document certifies that you have paying the mortgage loan. The bank must give you that document free of charge. According to the Bank Iran Email List of Spain, you have the possibility of carrying out the necessary to carry out the cancellation yourself or, instruct your bank to process it for you . If you choose to ask the bank to process it, you will have to assume the possible administrative costs. On the other hand, the bank may charge you a commission for the service . In any case, the entity must inform you beforehand of the amounts you have to pay. Go to the notary The next step will be to go to a notary office . You have the right to choose the one you prefer . There you must deliver the zero debt certificate . The bank should not charge you anything for the signature process, nor for the trip to the notary office.
Steps to follow to make an early cancellation of the mortgage
Early cancellation can take place for two reasons . If we have enough money to pay the capital that remains to be or if we are going to. Sell the home that is. Early cancellation of the mortgage by paying the capital to be First of all, you must USA WhatsApp Number List request the balance that must be on a certain date . In addition, you must make the corresponding deposit on that date or before. Finally, all that remains is to make the notarial document that certifies the cancellation and take it to the registry. Early cancellation of the mortgage due to the sale of the home. If you seek to cancel the mortgage for the sale of the home , the most common thing is that it takes place in the same act as the sale and is out in the following way. The bank is to provide the balance of the mortgage on the date the sale is to take place. The buyer must prepare two bank checks . One will be for the bank, for amortization, and another with the remaining balance until completing the sale price for the seller.