What are the consequences of suspending bank mortgage loans?

1. The personal credit report will be adversely affected

After all, a housing loan is still a loan. When applying, you need to submit a credit report to identify the risk, so that when the loan is stopped, it will definitely be Recording this record on your personal credit report indicates that you have defaulted on loans in the past, which is a manifestation of bad credit. If you want to apply for a loan or engage in other personal credit activities in the future, then this negative record will be The most direct obstruction.

2. Increase the overdue penalty interest on housing loans

Due to various factors such as large loan costs and long loan periods, the interest rate of housing loans is already very expensive. If housing If the loan is suspended and the loan is overdue, according to the loan contract signed with the loan financial institution, it will inevitably result in a considerable overdue penalty interest, which is usually 1.5 times the normal interest, and the interest will be calculated on a recurring basis until the loan is overdue. Paying it off can be said to add fuel to the fire for borrowers who are already debt-ridden.

3. Subject the real estate as collateral to auction

When applying for a mortgage, the real estate purchased is usually used as a pledge guarantee. The purpose is to allow banks to reduce risks. After all, financial The institution has brought a large amount of funds. If it cannot be retrieved, it can also reduce losses by selling or auctioning the property. This is also the final helpless move, but for the borrower, it is a heart-wrenching experience. In Han, the normal repayment in the past gave away the money, and the house I wanted to buy was gone. What information is required for converting a commercial bank housing loan into a portfolio loan?

1. The establishment is based on Article 16 of the "Housing Provident Fund Management Regulations" (State Council Order [2019] No. 710), "About the Unification of the Changsha Housing Provident Fund Management Center and the Provincial Direct Branch" Notice on the Center's Business Policies" (Changjin Management Committee [2021] No. 1), "Hunan Provincial Units' Individual Housing Provident Fund Loan Management Measures".

2. Loan objectives

(1) Housing provident fund depositing employees with full capacity for civil conduct in the administrative area of ??Hunan Province (without Changsha center).

(2) If the depositor or his/her spouse purchases an ordinary home within the Changsha area and has applied for a bank housing mortgage loan, he or she may apply to transfer the bank housing to the bank housing before the loan is settled. The loan becomes a personal housing provident fund loan.

3. Application Qualifications

(1) The borrower must continue to deposit the housing provident fund in full and normally for more than 12 months (inclusive), and the housing provident fund should be paid regularly for at least Two months before applying for a loan, repayments will not be counted, and there is no unfinished housing provident fund repayment commitment.

(2) The borrower’s original mortgage loan repayment record is excellent, and the original lending bank’s early repayment of the borrower’s loan is true.

(3) The borrower and his spouse have good personal credit records and comply with the relevant regulations on credit management of the Hunan Provincial Enterprise Housing Provident Fund Management Center (hereinafter referred to as the "Provincial Center").

(4) The house the borrower applies for a loan is the family’s first or second home (closed real estate is not included).

(5) The borrower purchases villas, commercial buildings, commercial and residential apartments, apartment buildings and other non-ordinary housing; the current living area of ??the borrower's home exceeds 144 square meters (inclusive); the loan Anyone who exchanges real estate with others is not allowed to apply for a housing provident fund loan.

(6) The borrower’s family has not taken out more than 2 housing provident fund loans (inclusive), and there are no outstanding housing provident fund loans; if there is a housing provident fund loan, the housing provident fund loan must be paid off You can apply again after six months.

(7) The house for which the family applied for a provident fund loan has not been purchased (including the borrower and his spouse who purchased a house in this center or other personal provident fund centers).

(8) The second-hand house purchased by the borrower must have a "House Ownership Certificate" and a "State-owned Land Use Certificate" or a "Real Estate Certificate" with clear property rights and comply with the regulations of the housing transaction authority before entering the market. Circulation conditions.

(9) Comply with other requirements for housing loans related to the provincial central government and the banking industry.

(10) The borrower complies with the current national, provincial and municipal real estate control policies.

IV. Loan Amount and Term

(1) Personal Provident Fund Loan Amount

The maximum loan amount shall not exceed 600,000 yuan.

The loan limit = (the borrower’s personal provident fund balance and the spouse’s personal provident fund balance) × N multiples (the loan N multiples are determined based on the annual housing provident fund housing loan rate of the provincial center);

The spouse's personal provident fund has been deposited normally for more than 12 months (inclusive), and the loan limit can be classified and summarized. If the spouse's personal provident fund account is sealed or payment has been stopped within the past 6 months, the balance will not be included in the calculation of the loan limit, and the payment base will not be included in the calculation. It is not included in the monthly income of the family.

If the loan credit limit is less than 200,000 yuan, the maximum loan limit of the housing provident fund shall be approved at more than 200,000 yuan, provided that the personal repayment level is sufficient.

(2) Banking industry loan quota

The banking industry loan quota is based on the approval results.

(3) Maximum loan proportion of the loan (individual provident fund and banking industry)

Maximum proportion: shall not exceed 70% of the transaction price of the house (without interior decoration part), mortgaged The lower value of 70% of the house appraisal value and the remaining principal of the original financial institution loan is easy to consume.