First, what are the shortcomings of housing provident fund to buy a house?
1. The account balance has an impact on the loan amount.
The less the balance of the provident fund account, the lower the loan amount.
2. The procedure is complicated and the cycle is long.
Some developers do not support provident fund loans, because the procedures for handling provident fund loans are more complicated and the loan cycle is longer.
3. There are restrictions on applying for provident fund loans across regions.
Second, what are the advantages of housing provident fund to buy a house?
1, with more loans and less down payment pressure.
Those who apply for provident fund loans to buy a house can borrow up to 95% to reduce the down payment pressure of buyers, while those who apply for commercial loans to buy a house can only borrow up to 70%.
2. The loan term is long and the monthly repayment amount is small.
For those who apply for provident fund loans to buy a house, the loan period is as long as 30 years, which reduces the monthly supply pressure of buyers, while for those who apply for commercial loans to buy a house, most of them can only borrow for 20 years.
3. The repayment method is flexible and convenient.
If you apply for a provident fund loan to buy a house, the purchaser only needs to pay the monthly repayment amount not less than the low repayment amount, which is flexible and easy to control. There are three prepayment opportunities every month, and the prepayment amount can be adjusted at any time every month, while commercial loans must be repaid in advance, and the number of prepayments per month is limited.
3. What should I pay attention to when buying a house with a housing provident fund loan?
1. The total withdrawal of provident fund cannot exceed the total house price.
Don't use the provident fund before applying for a loan.
3. The provident fund cannot be directly used as the down payment for house purchase.
The purchaser needs to pay the down payment first, provide his ID card, household registration book and other supporting materials to the local housing provident fund management department, and then withdraw the balance of the provident fund.
Bian Xiao concluded: What are the disadvantages of buying a house with housing provident fund? What are the advantages of buying a house with housing provident fund? What matters should be paid attention to when buying a house with housing provident fund? Bian Xiao gives a brief introduction here. If you need to know more exciting content, please continue to pay attention to Qijia. com。