Housing loans should belong to financial leasing loans, and there are three main types of housing 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.
2. 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.
3. Personal housing commercial loan: Those 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.
Bank loan refers to an economic behavior that banks lend funds to people in need of funds at a certain interest rate according to national policies and return them within the agreed time limit.
Generally, a bank loan can only be applied if it has a guarantee, a house mortgage, a proof of income and a good personal credit.
Credit conditions
1, credit line
The credit line is the maximum amount that borrowers are allowed to borrow in the agreement signed between borrowers and banks.
2. Revolving credit agreement
Revolving credit agreement is a loan agreement that banks promise to provide enterprises with no more than a certain maximum amount according to law.
3. Compensatory balance
The compensatory balance is the minimum deposit balance that the bank requires the borrower to keep in the bank according to the loan limit or a certain proportion of the actual loan amount (generally 10% to 20%).
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the registration and notarization of real estate mortgage according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
How to repay the loan more economically?
Compared with the two repayment methods, in the case of full repayment, the interest paid by "equal principal and interest repayment method" is higher than that paid by "average principal repayment method".
But not everyone should choose the "average capital repayment method" to repay the loan, but also combine their own financial situation.
For people with diversified incomes, the "average capital repayment method" can be adopted;
If the cash strength is relatively strong, but there is no willingness to repay the loan in advance, the "average capital repayment method" can be used to repay the loan. As time goes on, the repayment of each installment will gradually decrease. Although this repayment method has great pressure on funds in the early stage, it can alleviate the pressure in the future.
If you are a civil servant, an ordinary teacher, an ordinary scientific researcher, or you have a stable job or want a simple life, it is recommended to choose the "equal principal and interest repayment method" because this repayment method is conducive to better arranging your life in advance.
In addition, remember that if you want to repay the loan in advance, the interest paid will not be refunded. Friends who want to repay the loan in advance should comprehensively consider the amount of principal and interest that needs to be repaid in one lump sum, and then choose the "average principal repayment method" or "equal principal repayment method".
In addition, as a financial planner, I also want to remind my friends who want to repay the loan in advance, and also consider the opportunity cost of repaying the loan in advance.
What kind of loan does mortgage belong to?
Mortgage belongs to housing mortgage loan, which refers to the personal housing loan that buyers use the purchased housing as collateral. In other words, mortgage loan refers to the loan that the buyer obtains from the bank with the pre-purchased house as collateral, and the buyer pays the bank in installments according to the repayment method and time limit agreed in the contract. Banks charge interest at a certain rate. If the lender defaults, the bank has the right to take away the house.
Extended data:
Mortgage is mortgage loan, but mortgage is not only mortgage loan, but also car loan. Mortgage loan refers to the loan business in which the borrower takes the bank loan as collateral and then repays it in installments, and this item can be a car or a house.
At present, when borrowers apply for mortgage loans, they need to prepare loan applications, identity documents, marriage certificates or divorce certificates or single certificates, work certificates, income certificates, credit certificates, purchase contracts or agreements and other materials.
According to the relevant regulations, mortgage loans can be loaned for up to 30 years, and the loan interest rate will fluctuate according to the change of the bank's benchmark interest rate during the loan period.
After the mortgage, the borrower can also choose to repay in advance or in installments according to the contract. After the mortgage is paid off, the bank will transfer the real estate license to the borrower.
Housing loan application conditions:
1. Applicants need to have legal residence status, permanent residence or proof of residence status of urban residents, so it is best to buy a house in the location of your residence or the city where you live now.
2. The age must be 18 years old.
3. The applicant must have a compliant job and a stable source of income, and the lender can guarantee that you have the ability to repay the loan principal and interest on time.
4. Need to sign a house sales contract and have paid the down payment ratio stipulated by the bank.
The applicant's credit should be good.
Housing loan application materials
1. Applicants should prepare their own identification documents, that is, valid identification documents;
2. Prepare your own residence certificate, such as household registration book or valid residence certificate;
3. Prepare your work certificate and income certificate;
4. Prepare your own House Sales Contract and related documents;
5. Prepare your own proof of marital status. If you are married, you need to bring a marriage certificate. If you are unmarried or divorced, you need to bring a single certificate.
What's the mortgage called?
Mortgage, that is, housing mortgage loan, refers to the personal housing loan provided by the real estate development enterprise that purchases the house as collateral. That is to say, mortgage loan refers to the loan that the buyer obtains from the bank with the pre-purchased building as collateral, and the buyer pays the bank in installments according to the repayment method and time limit agreed in the mortgage contract; Banks charge interest at a certain rate. If the lender defaults, the bank has the right to take away the house.
Classification:
Mortgage loan for house purchase can be divided into narrow sense mortgage and broad sense mortgage.
Narrow sense:
Narrow sense of housing mortgage loans can be classified from two aspects. One is that it only refers to the contents of mortgage loan contracts in a series of contracts; The other refers to the contract content of property buyers buying houses by mortgage rather than without mortgage. According to this concept, all the contracts mentioned above, except those signed by buyers and developers, belong to narrow sense mortgage.
House mortgage in a narrow sense includes the procedures for the buyer to apply for a house loan from the bank, house price evaluation, mortgage procedures, mortgage guarantee, home insurance procedures, down payment ratio, loan interest rate, loan term, loan repayment method, default treatment clauses and other specific contents. Under the mechanism of indefinite house mortgage, there is also a loan credit guarantee for the buyer. In a narrow sense, the core contents of housing mortgage loan are mortgage procedures, down payment ratio, loan interest rate, loan term and repayment conditions.
House mortgage in a narrow sense directly affects the direct interests of two or three parties (including real estate companies) and many parties (including insurance companies and real estate appraisal agencies). A good housing mortgage loan mechanism should make the narrow sense of housing mortgage loan the most efficient, including the number of procedures, the length of time, the size of risks, fairness and so on.
Generalization:
House mortgage in a broad sense should include not only all the contents of house mortgage in a narrow sense, but also the direct environmental mechanism and real estate transaction price mechanism to realize house mortgage in a narrow sense. Specifically, it includes real estate price mechanism, real estate transaction price mechanism (mainly referring to transaction taxes and fees and transaction procedures), real estate valuation mechanism, government's support policies for narrow housing loans (such as government interest subsidies), narrow housing mortgage loans, insurance mechanism for bank housing mortgage loan liquidity, default handling mechanism (including default handling clauses), second-hand real estate trading market (also known as real estate tertiary trading market), legal mechanism and housing welfare insurance mechanism.
The core idea of the broad sense of the house purchase mechanism is to create conditions for the narrow sense of the house purchase mortgage. According to their own national conditions and their actual understanding of the generalized mortgage mechanism for housing purchase, countries implement their own generalized mortgage model. The differences of these models will directly affect the level of housing development in these countries, and will also have a significant impact on the financial, legal, economic, social and cultural mechanisms of some related countries.
The relationship between the two:
The relationship between narrow housing mortgage and broad housing mortgage is that narrow housing mortgage is a necessary condition for broad housing mortgage, and broad housing mortgage is an environmental mechanism for narrow housing mortgage to be realized. Without the existence of a narrow mortgage loan operation mechanism, it cannot be called a broad mortgage loan mechanism.
Without the guarantee of generalized mortgage mechanism, narrow mortgage is impossible to realize. The difference of broad mortgage mechanism directly affects the content and operation effect of narrow mortgage mechanism, and affects the economic interests of both sides of narrow mortgage.