Compared with the benchmark interest rate of 4.9% for commercial loans, the interest rate of 3.25% for provident fund loans is much more cost-effective and the repayment method is more flexible, so it is very popular. Then, what problems should be paid attention to for buyers who have the demand for loans to buy houses? In actual business operations, there are the following major misunderstandings.

Myth 1: the balance of the provident fund account is the down payment for buying a house.

Many people think that since the provident fund is a welfare policy for employees to buy houses, it can naturally be used to pay the down payment. Actually, it is not, because the provident fund can only be withdrawn after it is used first, that is, the purchaser can only go through the withdrawal procedures after providing the relevant proof materials for the purchase.

Myth 2: Children use their parents' provident fund loans.

Children can't buy a house with their parents' provident fund loans, because the provident fund between parents and children can't be used with each other. On the issue of housing provident fund purchase and loan application, it is regarded as two families, with children and parents separated, that is, two families.

Myth # 3: Housing accumulation fund can be withdrawn from renovated houses.

Housing provident fund can only be used for employees' purchase (including second-hand houses), construction, renovation and overhaul (maintenance costs exceed 30% of housing costs) and can be withdrawn. Decoration is not within the scope of housing provident fund extraction, so housing provident fund cannot be extracted from decoration.

Myth 4: Beijing provident fund loan amount exceeds the upper limit.

There is a big difference between provident fund loans and commercial loans, that is, the loan amount can not be calculated simply according to the real estate appraisal value, but according to the borrower's income, deposit amount and deposit ratio, and can not exceed the maximum limit of provident fund loans.

Myth 5: The total amount of withdrawal can exceed the total amount of house payment.

The total amount of provident fund withdrawal cannot exceed the total amount of house purchase. For example, the total price of the house purchased by the loan is 300,000, and his provident fund storage balance is 400,000. He can only withdraw 300,000 provident funds, and the remaining 654.38 million provident funds cannot be withdrawn.

(The above answers were published on 20 17-03-2 1. Please refer to the current actual purchase policy. )

When buying a new house, go to Sohu Focus.