Advantages and disadvantages of provident fund buying second-hand houses
The advantages of using provident fund to buy second-hand houses are: the interest of provident fund loans is much lower than that of commercial loans in the same period; Housing provident fund loans come from a wide range of sources, and the age limit of second-hand houses is less; The borrower can freely choose the repayment bank without the restriction of the development bank account; If you repay the loan in advance, you can choose part or all, and you don't need to make an appointment; For partial repayment, you can choose to shorten the repayment period, match the repayment period, reduce the repayment amount in the same repayment period, delay the repayment period and increase the repayment method. The disadvantages of using provident fund to buy second-hand houses are: you can apply for provident fund loans only by paying a certain number of years of provident fund according to local policies; The amount of provident fund loans is limited.
What are the loan skills of second-hand housing provident fund?
1. Before applying for a second-hand housing provident fund loan, the borrower must first confirm in detail whether the second-hand housing meets the conditions for applying for a housing provident fund loan, especially the age of the second-hand housing, because most lending institutions only accept second-hand housing with a house age of less than 20 years. The conditions for applying for housing provident fund loans for second-hand houses are as follows:
(1) The borrower must have stable income, good credit and repayment ability;
(2) The borrower's work unit purchases housing provident fund for him and reaches the purchase period specified in the local provident fund loan conditions;
(3) The amount in the current housing provident fund account is sufficient;
(4) The borrower has the ability to pay the down payment of the second-hand house;
(5) Other conditions stipulated by the local housing provident fund management core.
2. Buyers who can apply for provident fund loans can apply for provident fund loans in addition to commercial housing, affordable housing and price-limited commercial housing. Units that raise funds to build houses, affordable housing built by units and housing renovation projects included in the old city renovation plan by the government may also apply for provident fund loans after the main body of the housing is capped.
3. However, according to the requirements, the unit where the loan applicant works must provide the guarantee company with the staged guarantee of the loan applicant or other real estate provided by the loan applicant as collateral, and at the same time, it is necessary to provide documents and materials such as government approval and purchase list.
The above is all the information compiled by Bian Xiao about the advantages and disadvantages of buying second-hand houses with provident fund and the loan skills of second-hand houses with provident fund. I hope it can bring you some reference value. Buying a second-hand house with provident fund loans has advantages and disadvantages, but generally speaking, the advantages of provident fund loans outweigh the disadvantages.