1. One way of housing loan: housing provident fund loan.
For residents who have participated in the housing provident fund deposit, loans to buy a house and low-interest loans for housing provident fund should be the first choice. 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. The second housing loan method: individual housing commercial loan.
The above two loan methods are limited to employees who pay 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 your balance 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, and the assets recognized by the loan bank are used as collateral or pledge, or the units or individuals with sufficient compensation ability are used as guarantors to repay the loan principal and interest and bear joint liability, then you can apply for using the bank mortgage loan.
3. The third way of housing loan: individual housing portfolio loan.
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.
At present, the repayment methods of housing loans mainly include equal principal and interest repayment and equal principal repayment.
1. Repay the principal and interest in equal amount, and the principal will gradually increase.
The so-called matching principal and interest repayment means to repay the loan principal and interest with the same amount every month within the loan period until the loan is settled. That is, the sum of the interest and principal repaid by the borrower every month is equal, and the ratio of interest and principal to the planned monthly repayment amount changes every time. At first, because of the large amount of principal, interest accounts for a large proportion, and the current principal payable = planned monthly repayment amount-current interest payable. With the increase of repayment times, the proportion of principal gradually increases.
Calculation formula:
Planned monthly repayment amount = [loan principal × monthly interest rate ×( 1+ monthly interest rate) × repayment months ]≤[( 1+ monthly interest rate) × repayment months = loan years × 12]
Monthly interest rate = annual interest rate/12
Number of repayment months = loan period × 12
Monthly interest rate = annual interest rate/12
2. Equal principal repayment, with interest from more to less.
Average capital repayment method refers to equal repayment of the principal every month, and the loan interest decreases month by month with the reduction of the principal until the loan is settled. That is to say, the amount of principal repaid every month is equal, and interest = current remaining principal × daily interest rate × current calendar days. The monthly repayment amount is not fixed, but decreases with the decrease of monthly principal, and the interest gradually decreases with the increase of repayment times.
Calculation formula:
Planned monthly repayment amount = (loan principal ÷ repayment months)+(loan principal-accumulated repaid principal) × monthly interest rate.
Accumulated repaid principal = months of repaid loan × loan principal/months of repayment.
At present, the repayment methods of banks are mainly equal principal and interest, average capital, biweekly payment and fixed interest rate. Introduce a variety of repayment methods for different customers. For example, equal principal and interest are suitable for teachers, civil servants and other working-class people with stable income; The average capital is suitable for borrowers who can bear greater repayment pressure in the early stage. For example, the repayment method can save more interest than the former; Biweekly payment is suitable for borrowers who pay wages every week or at the middle or end of the month. Remind borrowers not to choose repayment methods that are not suitable for them in order to save interest. In addition, borrowers should combine their existing repayment ability when applying for loans, and the monthly payment should generally not exceed 50% of family income.
(The above answers were published on 2015-11-13. At present, please refer to the actual situation for the relevant purchase policy. )
When buying a new house, go to Sohu Focus.