2015 Beijing second-hand housing provident fund loan process and 2015 Beijing second-hand housing provident fund loan matters needing attention

What is the Beijing second-hand housing provident fund loan process? What are the precautions for second-hand housing provident fund loans in Beijing?

When buying a house, you must pay attention to the difference between provident fund loans for new houses and second-hand houses. The loan period for new houses is 30 years, while the loan period for second-hand houses is 20 years. In provident fund loans, in addition to differences in terms of years, there are also differences in loan amounts. So what is the process for second-hand housing provident fund loans in Beijing? What are the precautions?

The second-hand housing provident fund loan process is as follows:

1. The buyer and seller sign the "House Sales Contract";

2. The buyer, seller, and law firm The three parties signed the "Security Guarantee Contract for Remortgage Transactions";

3. The buyer pays a down payment of 30% of the house price (based on the principle of the lower of the transaction price and the appraisal price, no appraisal is required within one year, and the original purchase price is shall prevail);

4. A confirmation letter from the seller’s lending bank agreeing in writing to the one-time repayment in advance (including the principal and interest of the capital owed and the repayment account number);

5. The buyer shall Apply the aforementioned documents and personal credit documents to the lending bank for a second-hand housing mortgage loan (loan application, preliminary review by lawyer, and bank review);

2015 Beijing Second-hand Housing Provident Fund Loan Process and 2015 Beijing Second-hand Housing Provident Fund Loan Precautions< /p>

6. The seller actually delivers the house to the buyer;

7. After passing the bank review, the loan will be released and the money will be transferred to the seller's bank;

8. The seller receives the payment Afterwards, cancel the loan contract and mortgage registration with the original lending bank, handle the transfer with the buyer and lawyer, and mortgage it to the buyer's lending bank;

9. The buyer's lending bank will pay 30% of the down payment to seller.

What should you pay attention to when signing a contract for a second-hand housing provident fund loan?

1. Loan period: no more than 30 years for ordinary residences; no more than 10 years for apartments and villas. Note: House age + loan term ≤ 35 years (Note: House age does not exceed 25 years)

2. Age: Lender’s age + loan term ≤ 65 years (no limit to male or female).

3. Loan amount: no more than 70% for ordinary residences (eight districts of the city), Tongzhou County, Daxing, and Changping; no more than 60% for apartments and villas (if the house is more than 5 years old, the loan limit is not more than 50%).

4. Loan interest rate: Ordinary residences are subject to the personal home purchase loan interest rate for the same period. Understand the loan interest calculation method

2015 Beijing second-hand housing provident fund loan process and 2015 Beijing second-hand housing provident fund loan precautions

5. The repayment method is monthly repayment (equal principal and interest repayment method) Choose one of the equal principal repayment methods).

6. All documents must be signed with a black pen or fountain pen.

Instructions to customers on the provident fund loan process for second-hand housing

1. The property rights of the remortgage house are clear, and there are no repeated mortgages, leases, etc.

2. The remortgage customer has Reached an agreement on the purchase and sale of the house and signed a sales contract

3. The original borrower has good credit, and the loan is not overdue or in arrears

4. The original borrower has obtained the title of the relevant house Proof of rights

5. The new borrower has good credit, meets the loan requirements, and can provide relevant application materials.

(The above answer was published on 2015-07-03, please refer to the actual current relevant house purchase policies)

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