If the provident fund loan for the first house has not been repaid, it is not possible to apply for a provident fund loan for the second house. The provident fund loan for the first house must be paid off before the user can apply for a provident fund loan again. If the second home owner applies for a commercial loan, no matter whether the loan for the first home has been paid off or not, it will not affect the user's application for a second home loan.

Since the interest rate of provident fund loans is lower than the interest rate of commercial loans, users can use provident fund loans and try to use provident fund loans. After all, the main function of provident fund is to use loans to buy houses.

What issues should be paid attention to when buying a second house?

1. House purchase method

At present, most home buyers use loans to purchase houses. There are three ways to choose from loans to buy a house. I believe everyone hopes to use provident fund loans, so home buyers should pay attention to the relevant regulations on using provident funds to purchase a second home. Under normal circumstances, if a home buyer has used a provident fund loan when purchasing his first home, but the provident fund loan has not been repaid, he cannot use the provident fund to borrow money or use the provident fund to repay the mortgage when purchasing a second home.

2. Pay attention to bank loan regulations

If a home buyer wants to purchase a second home through a bank loan, before purchasing the second home, it is best to learn more about the loan to purchase the second home with the bank. Relevant regulations on housing, including first-home loan interest rates, second-home loan interest rates, new commercial housing interest rates, second-hand housing interest rates, etc. Don’t underestimate these points, as they will determine how much you will repay in the future, thus affecting your quality of life in the future.

3. Check the requirements of the seller or developer

When buying a second house, you can choose a new house or a second-hand house. If you are buying a second-hand house, some sellers will have some special requirements for buyers. According to regulations, home buyers must ask clearly in advance. If they are buying a new house, some developers will also impose restrictions on home buyers’ application for loans. Although in principle, home buyers can choose any bank to apply for a loan to purchase a house, many developers have The loan banks that I cooperate with will also be very repulsive to loan methods that are slow to disburse.