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What happens if you use a housing provident fund loan to buy a house but haven’t paid off the loan yet?

The price will increase when you switch from off-plan housing to existing housing.

The EFP of a house is to transfer the house from an off-plan house to an existing house. Under normal circumstances, the EFP process takes 3 to 4 months. After the house is converted into an existing house, the price of the house will also increase accordingly. Therefore, the developer's houses generally go through the process of EPC. However, the house cannot be signed online during the period of EPC. Customers can be accepted The earnest money will be paid, and the signing procedures will be completed after the house is transferred to cash.

The housing provident fund refers to state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their employees Employees, long-term housing savings with equal contributions.