In reality, because some developers usually borrow money from banks before building houses, and promise that property buyers can only borrow money from banks. Therefore, developers do not agree to apply for portfolio loans to buy a house. In addition, provident fund loans are generally in cooperation with a commercial bank, so it is usually necessary to apply for a portfolio loan in a commercial bank that cooperates with provident fund loans.
Matters needing attention in handling portfolio loans
1. Pay attention to the loan conditions. Different loan methods have different loan regulations, and applying for portfolio loans also needs to meet certain conditions. Because portfolio loan is a combination of provident fund loan and commercial loan, applying for portfolio loan needs to meet the requirements of provident fund management center and loan bank.
Most cities stipulate that the housing provident fund needs to be continuously deposited for more than 1 year to reach the provident fund loan standard. As far as banks are concerned, they need to have sufficient repayment ability to successfully apply for portfolio loans.
2. Pay attention to the repayment method. First of all, property buyers must use a large and maximum amount of low provident fund, which is more cost-effective. Secondly, you can choose the loan method or the repayment method. At present, there are two main repayment methods to choose from, one is equal principal repayment, and the other is equal principal and interest repayment recommended by the bank.
Neither method is suitable for buyers. If you have a high income, a stable job and don't want to pay too much loan interest, you can choose the repayment method in the average capital.
3. Be cautious about prepayment. Many homebuyers will have the idea of prepayment after buying a house with a loan. Buyers who apply for portfolio loans to buy a house must pay attention to the fact that they can repay in advance, but it is not very cost-effective to distinguish between provident fund loans and commercial loans. Property buyers can choose to repay commercial loans in advance.