Can I get a loan and pay a down payment to buy a house with a policy of more than 5,000 yuan?
Can I get a loan and pay a down payment to buy a house with a policy of more than 5,000 yuan? According to relevant public information, policy loans can be used to pay for the down payment of a house, but the amount of the policy loan is usually only between 70 and 80 of the cash value of the policy, which is not enough to cover the down payment of the house. At the same time, the policy loan cycle is 6 months. After the period, the borrower must repay the principal of the loan and the interest accrued. Will using a policy loan to raise a down payment affect my mortgage loan?
Users use the funds obtained from applying for policy loans to pay the down payment. The bank cannot identify the source of the down payment funds, so it will not affect the user's loan purchase. However, the funds for the down payment are also obtained from loans. After the housing loan is successfully approved, the user needs to repay the two loans, which puts greater repayment pressure on the user.
However, the term of policy loans is generally 6 months. As long as the user repays it within 6 months, it will not affect the user's monthly mortgage payment. Will using a policy loan to raise a down payment affect the mortgage loan?
1. The policy loan is a pledge loan and will have little impact on the mortgage loan. There are many factors that affect housing loans. In the past, when the housing loan situation was relaxed and credit status was not overemphasized, the down payment was made with money borrowed from credit cards, online loans, and small loan companies, which had little impact. Nowadays, mortgage loans are tight and you need to take out a loan to make a down payment, so be careful. It is recommended to use a credit loan to raise part of the amount, and after reasonably arranging the funds, apply for a mortgage. It will be safer.
A home loan, also known as a home mortgage loan, requires a home buyer to fill in an application form for a home mortgage loan to the lending bank and provide legal documents such as ID card, income certificate, house sales contract, and guarantee letter. After passing the examination and passing the certification documents that must be submitted as required, the lending bank promises a loan to the home buyer, and handles real estate mortgage registration and notarization based on the house sales contract provided by the home buyer and the mortgage loan contract entered into between the bank and the home buyer. Within the period specified in the contract, the loaned funds will be directly transferred to the account of the selling unit with the bank.
2. Policy loans will not affect housing loans. The maximum loan period of the loan shall not exceed 30 years, and the second-hand housing provident fund loan shall not exceed 15 years; the loan limit is 70% of the appraised value of the house; the loan interest rate is in accordance with the Chinese People's The interest rates for loans of the same period and grade stipulated by the bank are implemented. The base annual interest rate changes according to the loan term. The following is the latest loan interest rate table in 2013 (the interest rates of each bank will increase according to the housing situation).
The interest calculation and settlement rules and interest calculation methods for deposit and loan businesses formulated by national commercial banks shall be reported to the head office of the People's Bank of China for filing and notified to customers; regional commercial banks and urban credit cooperatives shall report to the People's Bank of China Branches and central sub-branches in provincial capitals (capital cities) file and inform customers; rural credit cooperatives and county cooperative legal persons can formulate interest calculation and settlement rules and interest calculation methods for deposit and loan business based on the actual conditions of the rural credit cooperatives in the county, and report to the branch of the People's Bank of China , the central branch of the provincial capital (capital) city shall be registered, and the rural credit cooperative legal person shall notify the customer.