If you apply for a portfolio loan, the running water is twice the monthly payment, not only for the commercial loan, but also for the provident fund loan. Expressed by the formula, it is: running water ≥ (provident fund+commercial loan) twice the total monthly repayment. Portfolio loan refers to the borrower who meets the conditions of individual housing commercial loan and pays the housing provident fund at the same time. When handling personal housing commercial loans, you can also apply for personal housing provident fund loans, that is, borrowers can use their own urban self-occupied housing (or other guarantee methods recognized by banks) as collateral, and at the same time apply for personal housing provident fund loans and personal housing commercial loans from banks. In short, I applied for both provident fund loans and commercial loans.

What are the precautions for applying for a portfolio loan?

1. Make full use of provident fund loans.

For buyers who choose a portfolio loan to buy a house, it is necessary to plan the loan amount when applying for a mortgage. Property buyers should make full use of provident fund loans, extend the loan term as much as possible, and shorten the commercial loan term to a great extent, so as to reduce the monthly repayment and save the loan cost. Only provident fund depositors can apply for portfolio loans. The so-called portfolio loan is the loan model of "commercial loan+provident fund loan", so to apply for this loan, the borrower must pay the provident fund in full and on time at the place where the house is to be purchased, and the provident fund account is still in a normal state of deposit.

2. Choose the repayment method that suits you.

Different repayment methods are suitable for different buyers. Buyers of portfolio loans need to choose a good repayment method before applying for a mortgage. When signing a loan contract with a bank, you must first understand these repayment methods and determine the repayment method that suits you, because once the repayment method is agreed in the contract, it is generally not allowed to change during the whole loan period.

3. Determine the loan amount

Before applying for portfolio loans, buyers need to determine their own loan amount, and then determine the amount of provident fund loans and commercial loans. The maximum loanable amount for applying for portfolio loans is determined from two aspects, namely, the maximum amount of provident fund loans and the maximum amount of commercial loans. The lower of the two is the final loanable amount of the portfolio loan. When applying for a portfolio loan, the provident fund loan amount cannot be changed once it is determined, so the loan applicant and spouse need to check the maximum loan amount at the provident fund management center.