What are the ways to buy a house by loan?
At present, there are mainly the following types of loans to buy a house: 1. Housing provident fund loan. Commercial loans for self-owned housing. Self-owned housing portfolio loan.
1. Housing provident fund loans: For residents who have already paid housing provident fund, low-interest housing provident fund loans should be preferred. Housing provident fund loans have the nature of policy subsidies. The loan interest rate is very low, not only lower than the loan interest rate of commercial banks (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 housing provident fund mortgage interest rate and the bank deposit interest rate. Meanwhile, housing
2. Commercial loans for self-housing: The above two loan methods are limited to employees who have paid the housing provident fund. There are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can ask commercial banks to guarantee their own housing loans, that is, bank mortgage loans. As long as the balance of your deposit in the loan bank accounts for not less than 30% of the funds needed for house purchase, it will be used as the down payment for house purchase, and the property recognized by the loan bank will be used as mortgage or pledge. Pledge, or a unit with satisfactory compensation ability or itself as a guarantor to repay the principal and interest of the loan and bear joint liability, then you can request the use of bank mortgage loans.
3. Self-housing portfolio loans: provident fund loans that can be issued by the housing provident fund management center. The upper limit is usually 654.38+0-290,000 yuan. If the purchase price exceeds this limit, some people need to apply for commercial housing loans from banks. These two kinds of loans together are called portfolio loans. This matter can be handled by the real estate credit department of the bank. Portfolio loans are often selected by lenders because of their moderate interest rate and large loan amount.
The following procedures should be followed when handling the housing provident fund loan: (1) The borrower shall submit a written request to the municipal housing provident fund management center, fill in the Application Form for Housing Provident Fund Loan, and truthfully provide relevant materials.
(2) After the Municipal Housing Provident Fund Management Center reviews the borrower's qualification, guarantor's qualification, loan amount and loan term and completes the signing of the contract, the borrower and the center sign relevant contracts or agreements, which shall be handled safely in accordance with the provisions of the People's Bank of China.
(3) After the loan formalities are completed, the Municipal Housing Provident Fund Management Center will issue a loan approval notice to the bank. After receiving the loan notice, the bank will handle the loan transfer procedures.
If customers ask for commercial loans when buying their own houses, such as their own housing mortgage loans, their own housing mortgage loans, their own housing mortgage loans, etc. At that time, due to various factors, he didn't ask [provident fund] for a loan to buy a house, but now he has paid his own provident fund according to the prescribed time limit and amount, and he has met the conditions for applying for a house loan from the provident fund. Although a commercial bank cannot convert a commercial loan for buying a house into a provident fund housing loan, it can obtain a provident fund for this purpose. Repay the principal and interest of commercial loans. The borrower can get the provident fund to repay the principal and interest of his own housing loan only by applying for and going through the relevant procedures for withdrawing the provident fund at the provident fund management center.