Myth 1: The procedures for fund custody are cumbersome.
Many property buyers will feel that it is a very troublesome thing to handle fund custody, and it is precisely for this reason that it is more convenient not to handle fund custody transactions. But in fact, this kind of cognition is wrong, and the relevant procedures can be completed on the day of fund custody. In practice, many property buyers will choose to go through the formalities of buying and selling second-hand houses according to the ordinary transaction process because they don't understand the specific business of fund custody.
In fact, this fear of trouble is completely unnecessary. Handling fund custody procedures is very simple. If the buyer wants to handle the fund custody business in the bank, it only needs the buyer and the seller to sign an agreement in the bank, and then the buyer transfers the money to the bank account. According to the time stipulated in the agreement, the bank will automatically transfer a sum of money after completing the formalities of property right transfer, and then automatically transfer a sum of money after completing the taxes and fees. Buyers and sellers do not need to go to the bank for transfer procedures many times. One operation can solve the related procedures of paying money in the second-hand housing transaction, and the fund custody business can guarantee the security of the fund transaction.
Myth 2: Fund custody will slow down bank lending.
In fact, there is no conflict between fund custody and mortgage loan application, which is carried out separately and will not affect the issuance of loans. For those who intend to apply for a mortgage loan, the fund custody part is only the custody of the down payment. The down payment has nothing to do with applying for a mortgage. They are completely separated and there will be no cross-effects.
Myth 3: fund custody and mortgage need to be in the same bank.
The fund custody bank and the mortgage bank can be different. If the mortgage bank is unable to conduct fund custody, then it is also possible to choose other banks.
The fund custody business can effectively ensure that buyers and sellers of second-hand houses can safely perform the transaction process. The trust company will freeze the transaction house payment in a special account opened by the bank. Under the professional process guarantee, the buyer and the seller agree on the safe unfreezing node and unfreezing certificate of funds to ensure the safety of funds. Therefore, the buyer can be guaranteed to transfer ownership in time, and the seller can receive the house payment in time. If the transaction fails, the house payment will be returned to the buyer in time.