Myth 1: the balance of the provident fund account can be directly used as the down payment for buying a house.
Buying a house is a prerequisite for using the housing provident fund. If the borrower buys a house through the housing provident fund loan, he needs to spend it first and then withdraw it, that is, he will pay the down payment with his own money first, and then take the proof of buying a house to the housing provident fund management office to withdraw the stored balance in his own provident fund. Because buying a house requires actual behavior to withdraw the provident fund, which is stipulated in the management regulations. In other words, the provident fund used to buy a house can only be used to pay the balance of the house.
Myth 2: the withdrawal amount of the provident fund can exceed the rental amount or the purchase amount.
It is against the regulations that the self-collected amount can exceed the total house payment. For example, the total price of the house purchased by loan is 300,000 yuan, and the balance of the buyer's provident fund is 400,000 yuan. Only 300,000 yuan of provident fund can be withdrawn for house purchase, and the remaining 654.38 million yuan of provident fund cannot be withdrawn for other purposes.
Myth 3: Parents' provident fund children can also use it.
The condition of provident fund loans for children and love women parents is that children must be unmarried. If they get married, they will establish a family and assume social responsibilities. If you can't guarantee your future expectations, you will have to use their parents' loans for a long time. In this way, the provident fund management center has doubts about the repayment ability. On the other hand, if parents use their children's provident fund loans, it is also not allowed.
Myth 4: Personal bad credit information will not affect provident fund loans.
Provident fund loans should also assess the borrower's personal credit history. If the borrower's personal credit information is poor and has a record of "three consecutive tired six", the provident fund management center may refuse the visa.
Myth # 5: Housing provident fund can be withdrawn from renovated houses.
According to the Regulations on the Management of Housing Provident Fund, housing provident fund can be used for house purchase and house overhaul. For sufficient houses, the purchase contract and down payment certificate are required, while for house overhaul, the appraisal certificate issued by the house appraisal agency is required. Housing renovation, general minor repairs, medium repairs can not use the housing provident fund.
(The above answers were published on 20 15-06-09. Please refer to the current actual purchase policy. )
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