There are four aspects in transforming commercial loans into provident fund loans: first, mortgage first and then loan; The second is to repay the loan first; Third, sequential mortgage; Fourth, phased guarantee is applicable to different situations. The first two methods are a bit harsh.
The new mortgage loan refers to the provident fund loan issued by the borrower after repaying the original commercial loan with other property certificates as collateral, which is used by the borrower who can provide other property certificates as collateral.
Sequential mortgage means that the borrower pays off the commercial loan of Star with self-raised funds, cancels the mortgage of 1, takes the house as the mortgage guarantee, and then issues the provident fund loan. This applies to having enough self-raised funds to repay commercial loans in advance.
Series mortgage means that the borrower does not have to settle the commercial loan, and the mortgage group refers to the commercial bank that agrees to increase the serial number. The provident fund center is the second person in the business, and the provident fund loan is used to repay the original commercial loan. You can pay the provident fund normally, which is the most suitable, common and acceptable, because you don't need to provide real estate or funds, as long as the bank is unified.
Stage guarantee refers to the stage guarantee provided by the guarantee company designated by the provident fund management center. The provident fund of the loan will repay the new commercial loan, so it is enough to repay the public loan except commercial mortgage as the mortgagee in the design management center. Of course, this requires a certain guarantee fee, which is 5% of the loan amount. 1 ten thousand is equivalent to 5000.
Finally, talk about three conditions that provident fund loans need to meet.
First, the opening and contact time of the provident fund account is longer than six months, and it is in normal use.
Second, we must obtain the title certificate. If the title certificate is not completed, it will not work.
The third is to obtain bank loan consent. Of course, under normal circumstances, everyone would agree.
Finally, customers who want to apply for a mortgage can turn their commercial loans into provident fund loans. However, I would like to remind you whether you are qualified to apply for bank consulting provident fund business. Because of different places, conditions in many places are different.
2. In the combination of provident fund and commercial loan, can the provident fund be the second mortgagor?
The provident fund and commercial loan groups were changed to anti-joint loans, and the provident fund was not mortgaged. According to the inquiry, the accumulated funds cannot be used to mortgage the second place. The mortgagee of commercial loans is a cooperative commercial bank, and the city housing provident fund center is the first and second mortgagee.
Third, what is sequential mortgage?
Sequential mortgage refers to the mortgage of the original mortgage to the second mortgagee under the mortgage of the first mortgagee, and the second mortgage is called the second sequential mortgage. The so-called sequential mortgage means that the rights of the second mortgagee are behind those of the first mortgagee.
4. What does the sequential mortgage of provident fund mean?
The "sequential mortgage" method of commercial-to-public loans means that when the borrower fails to settle the commercial loans and the mortgagee is still a commercial bank, the bank agrees to increase the center in sequence as the second mortgagee of the house, and the center will issue housing provident fund loans to repay the borrower's commercial loans accordingly, and release the original commercial loan mortgage after paying off.