I paid off my mortgage - what's next? What to do after paying off the mortgage step by step After paying off the mortgage

The full repayment of the debt to the bank is not yet the final closure of the mortgage. To do this, you must go to the bank and request a document confirming the absence of debt.

And in order to remove encumbrances from real estate, you still need to contact the Rosreestr management. You can learn about what documents are needed for this, and what conditions Sberbank offers, from this article.

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Features of the procedure

Some borrowers mistakenly believe that the mortgage will automatically close when the final payment is made.

The absence of debt obligations to the bank must be documented, and in the case of a mortgage - also with the notification of the relevant government agencies.

The procedure for closing a mortgage in all banks is the same, and Sberbank is no exception.

The procedure consists of several stages:

the borrower, after making the last payment (or early repayment), contacts the Sberbank branch and requests a document confirming the absence of debt;
then a statement is drawn up to close the loan account (a bank employee puts a special mark on it);
then with all the documents received from the bank, you need to contact Rosreestr.

If the repayment of the mortgage debt is carried out ahead of schedule, it is necessary to inform the bank in advance of this intention and agree on the payment date.

A specialist of a credit institution is obliged to announce the total amount to be paid (including accrued interest).

What documents do you and the bank need?

After paying off the mortgage, you must contact the bank to write an application to close the loan account.

You need to have with you:

the passport;
mortgage agreement;
all receipts of payment (in case there are claims from the bank).

If all debts are really covered, you need to request a letter from the bank on the fulfillment of obligations under the loan agreement.

The document contains the following information:

Name of the borrower;
the date of full fulfillment of obligations under the loan agreement (No. ____ dated __.__.____ year);
a phrase that the bank has no claims against the borrower for the fulfillment of the terms of the agreement;
a phrase similar to the following is also prescribed: "we ask you to pay off the mortgage record and cancel the mortgage, drawn up to secure the agreement (mortgage number, number)";
at the bottom of the letter is the signature of the official with a decryption and date.

Further, the borrower receives the original mortgage from the bank according to the transfer and acceptance certificate. On the reverse side of the mortgage bond, the bank writes: “The obligations under this mortgage bond have been fulfilled in full (the date of the last payment or early repayment). We have no claims against the pledgers and debtors under this mortgage ”.

After such a text, the signature of the official, transcript and date is also put. Make sure that the same official is listed on both sides of the mortgage bond.

It is also necessary to take a notarized copy of the power of attorney from the bank to the person whose signature is in.

Make sure that this Sberbank employee has the authority to sign in the letter with a petition to remove the encumbrance.

How to remove encumbrances?

In order to remove the encumbrance from the real estate, you need to prepare a package of documents for Rosreestr, including:

Mortgage;
a document confirming the absence of debt to the bank;
Sberbank letter with a petition;
power of attorney for the person indicated in the letter;
notarized copies of Sberbank's constituent documents;
copy;
original;
original certificate of ownership;
a receipt for payment of the state duty for the issuance of a new certificate (if the borrower wishes to receive a new certificate).

For the very procedure for removing the encumbrance, the state duty is not charged. 200 rubles are paid for the provision of a repeated certificate of registration of property rights.

Do I need to go to Rosreestr?

After all the documents from the bank are received, you need to go to Rosreestr in order to pay off the mortgage record.

All documents are submitted to the UFRS at the place of residence. The registration record on the mortgage is repaid within three working days from the date of contacting the government agency.

The mortgage bond is canceled together with the redemption of the registration record. After this procedure, the property becomes the full property of the individual.

Do I need to go to a notary?

The borrower himself does not have to go to a notary, since all the basic documents are prepared by the bank.

The borrower receives from the credit institution a mortgage with a mark on the fulfillment of obligations, a letter and a power of attorney to the person specified in the letter.

Together with the listed documents, a passport is provided with documents on ownership, which are kept by the borrower.

The most important conditions and nuances of closing a mortgage in Sberbank

The most important feature of closing a mortgage at Sberbank is that the institution meets its clients halfway and offers a free service for preparing documents for removing encumbrances and submitting a mortgage to the Federal Registration Service.

The “simplified” procedure for the cancellation of obligations is as follows:

the borrower comes to any branch of Sberbank in his city (not necessarily to the place where the mortgage agreement was drawn up). You need to have a passport and a copy of the mortgage agreement with you;
writes a statement of approximately the following content: "I ask you to remove the encumbrance from ____ (real estate) located at ______ (address) in connection with the fulfillment of obligations under the loan agreement No. ____ dated __.__.____ year (signature with decoding)." The application must also indicate the area of the real estate, floor, type of property, contact phone number and other information;
after 7-14 business days, the borrower receives a call from an employee of Sberbank, and they make an appointment to jointly draw up an application for the repayment of the mortgage record. You only need to have a passport with you, the entire package of documents will already be about the employee.

In general, the closure of a mortgage in Sberbank does not cause difficulties for borrowers.

The most important thing to remember is that after making the last payment, you need to take the initiative yourself.

You should not count on the bank's employees to prepare documents immediately after the payment is received. It is necessary to independently appear at the Sberbank branch and inform about the need to prepare a package of documents.

If the apartment was purchased on a mortgage basis, the mortgage does not automatically end with the last loan payment. Some legal steps will need to be taken.

In particular, from this material you will learn how to remove encumbrances from an apartment after a mortgage.

In addition, we will pay special attention to the procedure by which the encumbrance on the Sberbank mortgage is removed. We will not forget to tell you what documents are needed, and also give step-by-step instructions.

It is worth warning right away that without removing the mortgage it is impossible to fully dispose of the apartment, even if the debt does not officially exist. Therefore, the entire process should be taken seriously. So.

In this article

How to start removing mortgage encumbrances

To know how to remove the encumbrance from the apartment after full payment of the mortgage at Sberbank, you should take certain preparatory steps.

To do this, you should go to the bank branch where the loan was issued and notify of your intention to complete the debt repayment.

This is usually done twenty days or a month before the final payment is due. In this case, it will be useful to get information about payments and the exact amount that remains to be paid.
If during the period of existence of the mortgage, the borrower's contact information has changed, then they should be brought to the attention of the bank manager. This will avoid confusion.

After the mortgage loan is repaid, documentary evidence of closing the mortgage should be obtained from the bank.

This can be either a bank statement or a mortgage (if it was issued) with the appropriate marks of the financial institution. In this case, in the case of the mortgage, the parties to the mortgage agreement are two acts of acceptance and transfer.

It also makes sense for the borrower to contact the bank with an application to remove the mortgage encumbrance.

The specified appeal will be the basis for the financial institution to start preparing materials on the termination of the mortgage. In addition, after receiving an application from the client, the bank takes the necessary steps to remove the collateral from its account.

Image source Sberbank official website

What documents are needed

So, what documents will be needed to remove a mortgage issued in Sberbank?

Let's say right away that Rosreestr will require a standard package from both the borrower and the bank. Here is their main list.

From the borrower:

Personal passport

Statement text

Certificate of full payment of the loan or mortgage together with the deed of transfer

Real estate documents

Mortgage

From the bank:

A letter with a request to exclude an entry in respect of a specific residential premises from the USRR

Copies of constituent documents

Power of attorney addressed to an employee of Sberbank for the right to represent the interests of the institution in the Rosreestr authority

In each situation, it is advisable to clarify the composition of the required documentation in advance with the bank representatives.

Where to apply

We have already said that the removal of mortgage encumbrances at Sberbank begins with the filing of an application. It should indicate the details of the loan agreement, the date of the last payment and its amount. Also, copies of receipts for payments made earlier can be attached to the application.

The application is usually submitted to the branch of Sberbank where the mortgage was issued. However, if it is closed for some reason, then you need to find out the coordinates of another office. This can be done through the regional central office or online.

After submitting the application, the date of the joint visit to the Rosreestr authority should be agreed with the bank's employees. This step is necessary

Contacting Rosreestr

Today you can take off a mortgage in any branch of this institution that is convenient for you. If there was no mortgage, then the borrower and the bank representative must come there along with the required package of materials.
Instead of Rosreestr, it is allowed to contact the nearest MFC. This is much more convenient, because you can make an appointment in advance or take a coupon for the date and time you need that suits you.

In the absence of a mortgage, the bank and the former borrower write a joint application for the repayment of the mortgage record, which is contained in the register of rights. After that, the owner of the apartment should receive a new extract from the USRR, in which information about the mortgage will no longer be there.

If a mortgage was issued for a mortgage apartment, then the removal of encumbrances is possible without further participation of the bank.

The owner of the real estate goes along with the extinguished mortgage to Rosreestr (MFC), writes a statement, provides a passport and a copy of title documents for the apartment.

As in the previous case, you need to get a fresh extract from the USRR. Recall that at the moment, certificates of ownership of housing are no longer issued.

The property owner may have a very reasonable question: is the state duty paid for canceling a mortgage relationship?

If a mortgage with an encumbrance is removed from Sberbank, then you will have to pay 350 rubles to receive an updated extract from the USRR. The financial institution itself does not charge a fee for its services in removing the collateral.

Stages and step-by-step procedure for removing mortgage encumbrances in Sberbank

Everything described above would be correctly presented in the form of specific step-by-step instructions that will be understandable to any owner of a mortgage.

Step 1. Warn your Sberbank branch about your desire to fully pay off your mortgage debt

Notify your case manager of your intention to make the final loan payment. Ask him to print out all the financial information for the loan. This will show the amount that will remain for closing the mortgage.

Step 2. Make the last payment and notify the creditor, write an application to the bank to close the debt

It is advisable to do this on the day the funds are paid or the next day. After paying the funds, contact the bank with an application to repay the loan and withdraw the mortgage.

In it, you should ask to issue a certificate confirming the closure of the debt or provide a copy of the mortgage (if any).

If we are talking about a certificate, then it indicates the date and number of the mortgage agreement, the amount of the repaid loan. In addition, there must be a reference to the absence of claims from the bank.

In the case of a mortgage, make sure that it is clearly marked on the repayment in full of the mortgage obligation.

Step 3. Agree with the bank the date and time of the visit to the department of Rosreestr or the MFC

If there was no mortgage, then all documents are submitted by the borrower and the bank jointly. You will need an application, passport, documents regarding the apartment and a certificate confirming the repayment of the loan.

In the case of a mortgage, you can exclude data on a mortgage from the register yourself, without the presence of a bank representative. For this, an application is written, and copies of the mortgage and documents for the apartment are provided.

Step 4. Order a new extract from the USRR

She will finally confirm that all encumbrances have already been removed from the apartment. As we have already said, an extract will cost 400 rubles. From the moment the information about the mortgage is excluded from the register of real estate rights, the owner can freely dispose of the apartment (sell, donate, and so on).

We have outlined the main stages that each borrower must go through to remove a mortgage issued in Sberbank institutions.

Terms of the operation to remove the encumbrance after full payment or repayment of the debt

Current practice shows that the term for withdrawing a mortgage at Sberbank can be from 10 days to two weeks (on average).

During this time period, the bank must prepare documents on the cancellation of the encumbrance on its part (draw up a letter on the repayment of the mortgage, reflect the closure of the debt in its accounting, etc.). Three days are allotted for the issuance of an extract from the USRR by Rosreestr.

It should also be noted that the submission and consideration of documents through the MFC will also take some time. After all, the MFC transfers all information to Rosreestr and all information received from there.

When the long-awaited moment of the last mortgage loan payment arrives, it is necessary to take a few more steps for the property to become a full-fledged property.

Its renewal is required.

There are a number of nuances when taking further actions, about which it is better to be informed.

What should be done after maturity?

In order to make the final payment on the loan, you should request a statement of the amount of debt from the bank. It is the amount indicated in the document that should be entered as the last calculation. Even if you disagree with her. In case of overpayment, the money will be returned by the bank later.

Attention! Situations are often observed when the client believes that he has paid the credit institution in full. In reality, he was left with a small debt, which is subsequently charged with interest and fines. Debt is already on the rise. Obtaining an extract will protect you from such cases.

Next, you should write a statement to close the mortgage account. Many banks close the loan automatically after paying the entire amount of the debt. But if there was an overpayment, then, according to this application, the credit organization must return the overpaid amount to the client.

Next, you need to remove the encumbrance from the property. How is the encumbrance removed after the mortgage has been paid? When receiving a mortgage loan, the bank formalizes the purchased apartment as collateral. This happens in order to have an additional guarantee of the return of the funds provided.

If the borrower is insolvent, the credit institution puts the apartment up for auction. Having realized it, it reimburses its expenses from the amount received. Registration of a mortgage on real estate is an encumbrance that must be registered in the USRN and entered in the certificate of ownership.

While there is an encumbrance on the apartment, the buyer is limited in his actions with it.

Any transactions with housing require approval from the bank.

The mortgage is fully repaid, the bank statement shows zero debt. Now you need to collect papers to remove the encumbrance from the purchased property.

Documents for removing encumbrances from real estate:

loan agreement.

Mortgage repayment statement. This document is issued within two weeks. It is supposed to be stored for three years. The extract indicates the number of the contract and the date of its closure. The phrase that the bank has no claim to the borrower under this mortgage agreement must be present.

Real estate mortgage. The document is registered in the USRN. It is he who is an indicator of the encumbrance of housing. The mortgage is kept during the validity of the mortgage agreement in the bank. After closing the credit account, the bank issues a mortgage to the client according to the acceptance certificate. This document also contains a record of the absence of claims ().

Copies of constituent documents credit institution notarized.

Certificate of ownership. When receiving a mortgage, it contains a record of the registration of real estate as a pledge of the bank.

Borrower's passport.

Application for the removal of encumbrances from real estate. Drafted on behalf of the borrower.

Receipt for payment of state duty. To amend the certificate of ownership, which is associated with the removal of all restrictions on the use of real estate, you must pay 200 rubles.

After reviewing the documents, the USRN issues a new certificate of ownership, in which there is no indication of encumbrance of housing. From this moment on, the encumbrance is considered completely removed. A new certificate is produced within 3 working days.

When can I get a mortgage again?

The legislation does not prohibit obtaining a second mortgage if the first has not yet been paid off.

According to Federal Law No. 102 "On Mortgages", Article 43, it is allowed to obtain a subsequent mortgage loan secured by the same real estate unless otherwise specified in the first loan agreement.

If the mortgage is fully repaid, then you can take the second one immediately after completing all the documents for the first one. The only limitation is the client's income level.

After making the final payment on the mortgage loan, you need to make sure that there is no debt to the bank.

To do this, you need to request an extract. Then, having received a mortgage with a mark about the absence of claims, with a certificate of ownership, you need to apply for the state re-registration of documents for an apartment, where the encumbrance will be removed from the real estate.

Mortgage lending is designed to help buyers acquire the required square footage. Favorable offers, reduced rates increase the demand for mortgages. In fact, a long-term loan is a serious test for the family budget. After the last payment, the borrower feels relief and joy. However, before celebrating "freedom" you need to competently complete the process of paying off your mortgage. In order not to face unpleasant discoveries in the future, it is important to carefully figure out where to go and what to do after the mortgage is paid off.

Last mortgage payment

In order to properly close a loan, in the last payment you need to take into account:

Obligatory payments;

Commissions;

Interest on arrears.

To obtain complete information on the balance of the mortgage loan, you must send a request to the bank to receive an extract. The document will provide complete information about the state of the mortgage account, the presence of delays and other additional payments.

Important! It is not necessary to make a payment according to the words of the bank manager. The bank employee announces the information on the loan, based on superficial data.

If you miss out on even the smallest balance, a significant amount of debt can accumulate over time. An account statement is an official document that will allow you to prove the correctness of the borrower in the event of future disputes.

After completing the last mortgage payment, you can proceed to the next stage.

What documents does the bank provide after paying off the mortgage?

After transferring the balance of the loan, you should request the following securities:

A certificate of full repayment of credit obligations (certificate of closing a mortgage loan) - will be required to apply to the Companies House;

Statement of the state of the credit account (repeated request) - for the final confirmation of the zero balance on the loan.

Return of the mortgage after payment of the mortgage

The final stage of relations with the bank is the return of the mortgage.

Stages of issuing a mortgage:

Client's application with a requirement to the bank to issue a mortgage;

Bank processing of the request;

Drawing up an act of acceptance and transfer of a mortgage;

Receiving a document.

Important! In the mortgage, the bank must make a note on the fulfillment of credit obligations in full.

Term of issue of a mortgage

The Federal Law "On Mortgages" regulates the issuance of a mortgage on real estate at the request of the client.

In practice, the issuance takes place two weeks after the application. As a rule, mortgages are located in the central branch of the credit institution. The head office can be in a neighboring city or in another region. Then the term of issue can last up to 1 month.

What to do if the mortgage was not issued?

Some lenders do not process mortgages when issuing mortgages. After fulfilling the obligations under the mortgage agreement, the lender draws up an application with the client. It records the repayment of the loan and the absence of obligations from the borrower to the financial institution. This paper will be enough to carry out the procedure for removing the encumbrance in Rosreestr.

Important! If the mortgage was not drawn up, it is not necessary to change the certificate of ownership.

Removal of encumbrances from the apartment after repayment of the mortgage

Immovable property purchased under a mortgage acquires encumbrances and restrictions for the period of loan repayment. Rent, sale, exchange - any transactions with real estate are carried out only by agreement with the lending bank.

When registering a sale and purchase transaction, all restrictions are recorded by Rosreestr. A corresponding mark is put on the certificate of ownership.

After paying off the debt, you need to contact Companies House and remove restrictions from housing.

A package of documents for the removal of encumbrances from an apartment in the Companies House:

Application - the borrower prescribes a requirement to remove encumbrances from real estate;

Certificate of ownership - subject to replacement;

Financial organization charter (copies certified by a notary);

A mortgage with a mark of the lender about the absence of claims against the borrower;

Certificate of repayment of a mortgage loan and absence of debt - issued by the bank after the last payment.

Important! The deadline for removing the encumbrance is set from 10 to 14 days.

New certificate of registration of ownership of real estate after the repayment of the mortgage

Registration of the sale and purchase of mortgage housing is accompanied by an entry in the certificate of ownership. A check mark indicates that there are restrictions.

After paying the debt and removing the encumbrances from the apartment, you should change the certificate of ownership. State duty for receiving - 200 rubles. Issuance of a title document 10-14 days.

Important! Care should be taken to pay the state fee prior to visiting Companies House. Without a paid receipt, an application for a replacement certificate will not be accepted.

As a rule, bank employees are present at the removal of encumbrances from real estate. Some lending institutions offer services to collect the necessary documentation. It should be noted that services may be paid.

Questions and answers

How to find out the amount of the last mortgage payment?

You need to contact a credit organization and request a credit statement.

Closing a mortgage is the last payment. This is what most borrowers assume. But in reality, everything is a little more complicated. This is a multi-step procedure. We will tell you about each separately.
Making the last payment for a house on a mortgage

Grounds for closing a credit account and terminating a housing mortgage agreement - making the last payment. Before planning the amount of the last payment, contact the bank representatives and check the loan balances at the moment. Suppose you owe at least a ruble, the bank has the right to impose penalties. As a result, such a penalty amount, if the situation is not corrected in a timely manner, will grow into a huge debt.

Submitting an application to the bank to close a credit account

This is the second step in closing the mortgage. As a rule, most banks automatically close credit accounts after a certain period. However, if the borrower overpaid when repaying the mortgage, the balance on the account will be written off irrevocably. Therefore, experts advise to go to the bank and write an application asking to close a mortgage loan (credit account). It is better to attach all receipts to this application that will certify the facts of payments on the loan.
Obtaining a bank certificate on closing a credit account

In order to confirm the repayment of the mortgage, after closing the credit account, it is necessary take a certificate from the bank about this. This certificate is provided to the registration authorities to remove the fact of mortgage from real estate. As a rule, banks issue such a document within 2 weeks after the account is closed.

This the document must be kept for at least 3 years(this is the limitation period for mortgage loans). So you will save yourself from possible claims of bank employees as a result of their own mistakes. It so happens that an apartment bought on credit or a house purchased on a mortgage has already been removed from the list of encumbered property, and the former borrower is charged with penalties for an erroneous debt. A possible outcome of this situation is litigation and bad credit history.
Submission of documents to registration authorities to remove encumbrances from real estate

After receiving a certificate from the bank with it, as well as with the mortgage, you must contact the registration authority to remove the encumbrance from the property. Then, the appropriate entries are made in the documents that certify the property rights.
Upon successful completion of this stage, the borrower receives a Certificate of ownership of the purchased apartment or house.
On a note!

In case of early termination of the loan, the borrower should contact the insurance company... This must be done in order for the insurance company to return the amount paid by the borrower for the unused insurance period.