It’s okay if the mortgage is 6 months overdue

Legal analysis: If your mortgage is overdue, you should negotiate with the real estate agent as soon as possible and repay the loan as soon as possible, otherwise the house will be auctioned according to law and your personal credit report will be affected.

Legal basis: Article 12 of the "General Principles of Loans": If the loan is extended and the loan cannot be repaid on time, the borrower shall apply to the lender for a loan extension before the loan maturity date. It is up to the lender to decide whether to extend the loan. When applying for an extension of a guaranteed loan, mortgage loan or pledged loan, the guarantor, mortgagor or pledger must also issue a written certificate of consent. If there is an agreement, it shall be implemented in accordance with the agreement. The cumulative extension period of short-term loans shall not exceed the original loan period; the cumulative extension period of medium-term loans shall not exceed half of the original loan period; the cumulative extension period of long-term loans shall not exceed 3 years. Unless otherwise provided by the state. If the borrower does not apply for extension or the application for extension is not approved, the loan will be transferred to the overdue loan account from the day after the expiration date.

Article 3 of the "Several Provisions of the Supreme People's Court on Restricting the High Consumption of Persons Subject to Execution" stipulates: The following high consumption and consumption behaviors that are not necessary for life and work are prohibited:

( 1) When taking transportation, choose second-class or above cabins on airplanes, trains, and ships;

(2) Make high purchases in star-rated or above hotels, hotels, nightclubs, golf courses and other places;

(3) Purchase real estate or newly build, expand or high-end decorated houses;

(4) Leasing high-end office buildings, hotels, apartments and other places for office work;

(5) Purchase Vehicles not necessary for business operations;

(6) Traveling and vacationing;

(7) Children attending high-fee private schools;

(8) Paying high insurance premiums Purchase insurance and financial products;

(9) Take all seats on G-EMU trains, first-class or higher seats on other EMU trains, and other consumption behaviors that are not necessary for life and work.