After signing the contract, the average family can't afford the full amount and needs a loan. Loan is a financial behavior that the buyer mortgages the property to the bank, and the bank advances the house payment to the developer first, while the buyer repays it every month. Loans can enable buyers to achieve "buy a house first and then pay"! Therefore, if buyers want to apply for a loan when buying a house, they must first understand the common sense related to loans and choose the loan method that suits them best. There are commercial loans, provident fund loans and portfolio loans. Property buyers apply for loans from banks with their purchased houses or other properties owned or owned by third parties as collateral, or with third parties providing joint and several guarantee liabilities for loans. Let's take a look at it together: when buying, building or overhauling a self-occupied house, the purchaser who pays the housing provident fund loan in full and on time will use the house he bought (built) or other property with ownership as a mortgage or pledge, or a third party will provide guarantee for his loan and bear joint and several liability for repayment of principal and interest. Generally speaking, applying to the housing provident fund management center for housing loan portfolio loans with housing provident fund as the source of funds refers to applying for both commercial loans and provident fund loans, which is called portfolio loans. For example, if the buyer cannot meet the demand for housing provident fund loans, he can apply for commercial loans, and the total amount of the two loans does not exceed 80% of the house price. This is the so-called portfolio loan. Precautions 1. Expected annualized interest rate of loans: The expected annualized interest rate of provident fund loans is low, which is about 1% lower than that of commercial loans on average. Under the same guarantee method, the cost of loans is generally lower than that of commercial loans. However, when mortgage and insurance are used in housing provident fund loans, the loan cost is generally higher than that of commercial loans, but the sum of loan cost and interest burden is still lower than that of commercial loans, and insurance companies need to bear corresponding responsibilities and risks. 2. Loan term: The actual loan term of provident fund loans is longer than that of commercial loans. Although the two loan documents stipulate that the maximum loan period is 30 years, general commercial loans will not be put into 30 years. 3. Down payment ratio: the maximum amount of commercial loans is 70%~80% of the value of the house to be purchased assessed by the house price or real estate appraisal agency, while the maximum amount of provident fund loans can reach 90%. 4. Flexibility of review: the period of provident fund loans is relatively long and the review is relatively strict. Commercial loans are relatively flexible and have a short cycle.