What is the mortgage ratio? What is the mortgage ratio of a provident fund loan?

What does mortgage ratio mean? Refers to the ratio of the total loan amount to the total house payment. For example, if the full payment of the house is 1 million yuan and the loan is 700,000 yuan, then the mortgage ratio is 70%. Commercial loans and provident fund loans have different mortgage ratios. The mortgage ratio for provident fund loans is currently 20%.

What does mortgage ratio mean?

Mortgage ratio = loan amount/total house payment

For example: if a real estate loan of 1 million yuan is 700,000 yuan, then the mortgage ratio is 70%

The mortgage ratio for provident fund loans is currently 20%. The mortgage ratio for commercial loans is 70% for the first home, 40% for the second home in most cities, and 30% in Beijing.

(The above answer was published on 2013-07-29, please refer to the actual current relevant home purchase policies)

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