2. According to the normal process, the bank can only issue housing loans if it shows the mortgage certificate, and the loan certificate can only be issued after the house is transferred and the two certificates are complete. This not only makes the loan procedure cumbersome, but also makes the seller face the embarrassing situation that the house and property may be emptied. In order to avoid this situation, the mortgage guarantee fee came into being.
3. Mortgage loan includes two expenses (including commercial loan, provident fund and investment portfolio):
The first is the mortgage registration fee, which is charged by the bank for mortgage registration in the real estate bureau. This is necessary.
2. Housing insurance fee, charging standard: loan amount ×0.05%× loan term. This is voluntary, and banks generally do not force it.
Calculation of personal housing loan guarantee fee;
The premium standard is: loan principal and interest balance at the beginning of the year × annual guarantee rate 1‰. The guarantee fee is charged in one lump sum when signing the loan contract.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.