Buying a house with a portfolio loan can repay the commercial loan in advance. In 20 14, after the central bank issued the policy of "repaying loans but not housing", it was mainly beneficial to citizens who used portfolio loans and repaid in advance. At present, citizens with provident fund portfolio loans can choose the repayment amount of commercial loans or provident fund loans independently, and no longer need to repay in the same proportion. This also means that in the early repayment, more funds can be used to repay bank loans with relatively high interest rates, thus reducing the burden of buying houses.

For example, the mother borrowed 800,000 yuan, including 400,000 yuan for provident fund and 400,000 yuan for mortgage. The loan period is 30 years. Now the monthly commercial loan is 247 1.6 yuan, and the provident fund is 2 122.8 yuan, and the monthly repayment is 4,694.4 yuan. According to the original policy, if mom wants to repay the loan in advance, she must repay 200,000 commercial loans and 2300 provident fund loans respectively. According to the latest policy, you can choose to repay all 400,000 yuan to the commercial loan, and the rest will only pay 2 122.8 yuan to the provident fund loan every month. This can save 30 years of commercial loan interest, about 4000 yuan a year, 30 years * * * 65438+ ten thousand yuan.

Matters needing attention in buying a house with portfolio loan

1, provident fund loans and commercial loans keep a certain proportion in advance.

Some cities stipulate that when applying for portfolio loans, people must reserve a certain proportion of provident fund loans and commercial loans in advance, and not only one of them, so it is impossible to repay commercial loans in advance.

2. To withdraw the provident fund to repay the loan, we must first repay the provident fund loan.

A friend wants to take out the balance in the provident fund account and repay it in advance, but I regret to tell you that it is not feasible! Most cities stipulate that provident fund loans must be repaid first when withdrawing the balance of provident fund to repay the loan. In this way, it is not appropriate to repay commercial loans with the money from the provident fund. If you don't use the money in the provident fund account and use your own savings to repay in advance, you can choose to give priority to repaying commercial loans.

3. Can I choose to shorten the term when repaying in advance?

The answer is not necessarily. The two repayment methods of early repayment shorten the loan term, keep the monthly repayment amount unchanged, relatively reduce the repayment amount, keep the repayment time unchanged, and save more interest, which is more conducive to the lender's repayment in theory. Lenders are also free to choose these two methods, but it may not work in practice, because some banks require early repayment only by reducing the monthly repayment amount and keeping the loan term unchanged. Pay attention to this.