There are four types of housing loans, namely provident fund loans, provident fund+commercial portfolio loans, commercial loans and other loan types. Among these loans, provident fund loans are the most cost-effective because of the relatively least interest.
What are the repayment methods for buying a house by loan?
1, repayment by installment. This repayment method is more suitable for young people.
2. Average capital repayment method. This repayment method is suitable for groups with higher income. The borrower can gradually reduce the repayment burden with the increase of repayment period. This repayment method is to allocate the principal to each month and pay off the interest between the previous repayment date and the current repayment date.
3. Equal principal and interest repayment method. This universal repayment method is suitable for people with stable income. Holding equal principal and interest means adding up the total principal and interest of mortgage loans and then sharing them equally every month during the repayment period.
4. Pay interest quarterly and monthly in one lump sum. One-time repayment of principal and interest refers to the repayment method of one-time repayment of loan interest and principal on the loan maturity date.
5. Refinancing. Mortgaging means that the new loan bank helps the customer find a guarantee company, pays off the money of the original loan bank, and then reapplies for a loan at the new loan bank.
How to borrow money to buy a house
At present, there are mainly the following types of housing loans: 1, housing provident fund loans; 2. Personal housing commercial loans; 3. Individual housing portfolio loans. 1. Housing provident fund loan: For residents who have already paid the housing provident fund, low-interest housing provident fund loans should be the first choice when buying a house. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks in the same period (only half of the mortgage interest rate of commercial banks), but also lower than the deposit interest rate of commercial banks in the same period. In other words, there is a spread between the mortgage interest rate of the housing provident fund and the bank deposit interest rate. At the same time, when handling mortgage and insurance related procedures, the housing provident fund loan will be charged by half. 2. Personal housing commercial loans: The above two loan methods are limited to employees who have paid the housing provident fund, and there are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can apply for personal housing secured loans from commercial banks, that is, bank mortgage loans. As long as the balance of your deposit in the loan bank accounts for not less than 30% of the funds needed for house purchase, and it is used as the down payment for house purchase, and assets recognized by the loan bank are used as collateral or pledge, or units or individuals with sufficient compensation ability are used as guarantors to repay the principal and interest of the loan and bear joint liability, then you can apply for using the bank mortgage loan. 3. Individual housing portfolio loans: The maximum amount of provident fund loans that can be issued by the housing provident fund management center is generally1-290,000 yuan. If the purchase price exceeds this limit, the insufficient part shall apply to the bank for commercial housing loans. These two kinds of loans are collectively called portfolio loans. This business can be handled by the real estate credit department of the bank. The interest rate of portfolio loan is moderate, and the loan amount is large, which is more for the lender to choose.
How to get a loan from the bank when buying a house?
Nowadays, in order to live in a new house early, many families will choose to buy a house by loan, but you can't borrow from the bank if you want to borrow, so you need to go through the relevant procedures. So how can we buy a house with a loan from the bank? What conditions do you need to apply for a loan to buy a house? Let's give you a detailed introduction.
First, how to buy a house with a bank loan
Within seven days after the down payment, the property buyer applies for a mortgage loan from the bank, and submits personal ID card, down payment receipt, marriage certificate and other required materials; Banks review all aspects of applicants to ensure that they are eligible for loans; After the conditions are met, you can go through the preliminary procedures; The applicant opens an account in the bank for repayment; The bank reported it to the superior for review, and the two parties signed the relevant contract after confirmation.
Second, what conditions do you need to apply for a loan to buy a house?
1. The loan applicant must be at least 18 years old and have full capacity for civil conduct.
2. The applicant has a stable job and income in the local area and no bad credit record. In order to prove that you have the ability to repay the debt and interest, you need to provide the bank with proof of income and ensure the authenticity and validity of the document.
3. The total loan term and age of the applicant shall not exceed 60 years old.
4. If the property purchased by the loan is owned by the owner, the main applicant for the loan must be one of them, and the main applicant must meet the above conditions at the same time before going through the loan formalities.
5. If the service life of the mortgaged property plus the mortgage life is less than 30 years, the down payment paid by the applicant shall not be less than 30% of the total house price.
Summary: The relevant content about how to borrow money from the bank to buy a house is introduced here for everyone. I believe that everyone has a deeper understanding of the loan to buy a house, and I hope it will help everyone. When buyers apply for loans from banks, they must choose the appropriate repayment method according to their personal economic ability, so as not to cause too much economic burden to themselves.
How to get a house loan?
House is a kind of large-value commodity necessary for home, and it is also a warm source and harbor for people. However, the high housing prices make most people flinch, so they can only choose to apply for mortgage loans from banks to realize their dream of buying a house. So, how do you get a house loan? Let's get to know each other.
1, confirm the availability.
Property buyers should investigate and understand the real estate projects in advance and choose some houses that suit their expectations for comparison. After more choices and comparisons, they will naturally accumulate a lot of room selection ability and finally find their ideal and satisfactory house.
2. Understand the purchase policy.
There are differences in housing purchase policies in different places, which requires buyers to know the local policy requirements in advance, increase the corresponding down payment, and go through the mortgage loan procedures according to the bank requirements they know in advance.
3. Choose the loan method
Under normal circumstances, there are three ways for buyers to apply for housing loans, namely commercial loans, housing provident fund loans, commercial loans and provident fund portfolio loans. Commercial loans are relatively fast, but the loan interest rate is high. Provident fund loan procedures are cumbersome, and the lending speed is slow, but the loan interest rate is relatively low. In the long run, it is suggested to give priority to provident fund loans, followed by commercial loans and provident fund portfolio loans, and finally commercial loans.
4. Prepare loan information.
Under normal circumstances, applicants need to prepare some necessary materials for loans, such as ID card, household registration book, marriage certificate, family income certificate, commercial housing sales contract, house purchase agreement, personal bank flow in the past six months, etc. There are some small differences in the requirements of different banks, and detailed consultation is needed at the handling outlets.
5, waiting for the handling bank audit
After the purchaser submits the application materials, the bank will review the purchaser's basic information, credit history, repayment ability and other aspects, at the same time, it will also invite professional appraisal institutions to evaluate the property value and sign a loan contract with qualified applicants.
6. Confirm receipt of the loan.
After the property buyers sign the loan contract, they only need to wait for the loan from the bank as agreed, and of course, they also need to mortgage the original property certificate in the bank and get it back after the loan is settled.
Summary of the article: The above is the answer to "How to borrow money to buy a house", hoping to bring some reference help to friends in need. For more housing loan information, please continue to pay attention to other related introduction information of Qijia. com。