After the concept of mortgage transfer is introduced, it is a good thing for the second-hand housing market, because it can increase the transaction volume. People who sell houses don't need to pay off their loans first and then transfer their ownership, so they can transfer their ownership together with their loans. Let's take a look at the relevant provisions on mortgage transfer of provident fund loans.

how long does it take to transfer the provident fund loan with mortgage?

It takes about 1 days to transfer the provident fund loan with mortgage, and it takes only 1 days from applying to issuing the loan, saving at least 2 days compared with the past, and there is no need to pay the bridge fee for buying a house. If the provident fund loan is not transferred with mortgage, it usually takes one month or even longer to complete.

the transfer of provident fund loans with mortgage means completing the registration procedures such as transfer, mortgage change and establishment of new mortgage, and canceling the original mortgage registration after the bank loans the original loans.

Conditions to be met in transferring the mortgage of provident fund loan:

1. The original personal loan of the seller has outstanding provident fund portfolio loan, or the buyer needs to apply for individual housing provident fund portfolio loan for house purchase loan;

2 There cannot be any mortgagee other than the mortgage bank in the transaction property;

3 the sum of the down payment supervised by the buyer and the provident fund portfolio loan is greater than the original mortgage loan;

4 the buyer and the seller are not in the litigation period and do not belong to the person subjected to execution.

as mentioned above, you don't have to worry about your own safety when operating the transfer with mortgage of provident fund loans, because they are all carried out under supervision. The loan is first used to settle the original loan, and the remaining funds are transferred to the seller's personal collection account.