According to experts' analysis, the reform of provident fund and the new mortgage policy of the central bank will form a combination boxing, which will stimulate demand, especially for the first home purchase and the second improvement of demand. However, in real life, many buyers often have some misunderstandings when using provident fund loans to buy a house.
Problems to be considered when preparing a loan to buy a house
Before preparing to buy a house through provident fund loans, we might as well know what conditions can be used to withdraw provident fund: buying, building, decorating and overhauling self-occupied houses; Repay the principal and interest of the owner-occupied housing loan; Rent expenditure exceeds 5% of family wage income; Life is difficult, is receiving the city minimum living allowance; Encounter unexpected events, causing serious difficulties in family life; Other circumstances stipulated by Yuhuan Housing Provident Fund Management Committee that allow withdrawal of provident fund.
In addition, we should also make plans and psychological preparations before preparing a loan to buy a house.
First of all, whether to buy a house with a loan needs to evaluate your assets. First of all, it is necessary to comprehensively evaluate the existing economic strength of families, including deposits and realizable assets; Secondly, investors also need to make reasonable expectations for the family's future income and expenditure. In addition, investors should also pay attention to their repayment ability and loanable amount, which is an important basis for determining loanable amount.
Secondly, for ordinary investors, it is more favorable to choose the combination loan method, with as many provident fund loans as possible and as few commercial loans as possible. Because the interest rate of provident fund loans is far more favorable than that of commercial loans. In addition, don't run out of cash at the time of down payment, but it also needs to be combined with personal affordability.
Thirdly, at present, there are three repayment methods for personal housing loans: one is one-time repayment, which is only suitable for loans with a term of less than one year, and basically not suitable for mortgage; Secondly, the average capital repayment method has the highest repayment amount in the first month and then decreases month by month, which is suitable for stable investors; Third, the repayment method of equal principal and interest is to divide the loan principal and interest into several equal parts according to the loan term, and the monthly repayment amount is the same, which is suitable for investors with insufficient funds and less initial pressure.
Common misunderstandings in the use of provident fund loans;
As of August this year, 654.38+007 billion employees have paid housing provident fund, with a total deposit of 7.03 trillion yuan, a total withdrawal of 3.49 trillion yuan and a balance of 3.54 trillion yuan. The remaining funds are used in three aspects: the balance of individual housing loans from the national housing provident fund is 2.43 trillion yuan, the balance of pilot loans for affordable housing construction is 43,654.38 billion yuan, and the balance of government bonds is 6.2 billion yuan, with the utilization rate of funds reaching 70%.
Then, what problems should be paid attention to for buyers who have the demand for loans to buy houses? In actual business operations, there are mainly the following misunderstandings.
Myth 1: the balance of the provident fund account is the down payment for buying a house.
Many people think that since the provident fund is a welfare policy for employees to buy houses, it can naturally be used to pay the down payment. In fact, it is not, because the provident fund can only be withdrawn after it is used first, that is, the purchaser can only go through the withdrawal procedures after providing the proof of purchase.
Myth 2: Children use their parents' provident fund loans.
Children can't borrow money from their parents' provident fund to buy a house because the provident fund between parents and children can't be used with each other. On the issue of housing provident fund purchase and loan application, it is regarded as two families, and children and parents are separated, that is, two families.
Myth # 3: Housing accumulation fund can be withdrawn from renovated houses.
Housing provident fund can only be used for employees' purchase (including second-hand houses), construction, renovation and overhaul (maintenance costs exceed 30% of housing costs) and can be withdrawn. Decoration is not within the scope of housing provident fund extraction, so housing provident fund cannot be extracted from decoration.
Myth 4: Yuhuan provident fund loan amount exceeds the upper limit.
There is a big difference between provident fund loans and commercial loans, that is, the loan amount should be calculated according to the borrower's income, deposit amount and deposit ratio, not exceeding the maximum limit of provident fund loans.
Myth 5: The total amount of withdrawal can exceed the total amount of house payment.
The total withdrawal of the provident fund cannot exceed the total house payment. For example, the total price of the house bought by the loan is 300,000, and his provident fund storage balance is 400,000. He can only withdraw 300,000 yuan from the provident fund, and the remaining 6,543,800 yuan cannot be withdrawn.