First, make full use of provident fund loans.

Try to extend the loan term.

Compared with commercial mortgage, the loan interest rate of provident fund loan is relatively low, so it is welcomed by many borrowers. If we use the housing provident fund as much as possible when applying for portfolio loans and extend the loan period, it will be of great help to reduce the loan cost.

Second, shorten the term of commercial loans.

Since the interest rate of commercial loans is higher than the interest rate of provident fund loans, borrowers should shorten the term of commercial loans as much as possible and increase the monthly repayment amount of commercial loans as much as possible (within the family's economic tolerance).

Third, withdraw the provident fund to repay the loan

If the monthly repayment amount structure is in the state of "less provident fund loans and more commercial loans", then after the balance of provident fund account offsets the monthly repayment amount of provident fund loans, the remaining balance can offset commercial loans, which will save a lot of money.

Fourth, prepayment.

You can choose to repay in advance, but in order to save loan interest, commercial loans should be given priority. However, not everyone is suitable for repaying the mortgage in advance, and everyone should choose according to their actual situation.