Recently, a friend of the author failed to buy a second-hand house, and as a result, the deposit was deducted. After some conversation, I found out that he had made a big mistake, which was not checking his credit information. Why is it that as a matter of necessity, people are not used to checking their own credit report?

My friend is like this. He has never bought a house, has never used his provident fund for reasons other than buying a house, and does not use a credit card. How can he have any credit problems!

Confidence often leads to big problems. Because of a very small flaw, this friend of mine incurred an annual fee for the credit card he had on campus when he was in college, and the payment was overdue. The problem with credit cards is actually quite tricky. I have never used them, but the salesperson opened them without permission, which resulted in some credit cards with annual fees being overdue.

For those who just need it, the first home may not be too big, and everyone will use provident fund loans as much as possible. After all, the interest advantage is there.

A house worth 2 million yuan and a provident fund loan of 1.2 million yuan. The costs of provident fund loans and commercial loans are as follows:

The benefits of provident fund loans are obvious. You basically don’t need to worry about monthly payments when buying a house with a loan. The couple added up their provident funds and spent another one or two thousand yuan to meet the monthly payment.

However, if you and your spouse have the following situations, you may be turned away from provident fund loans:

1. Have a provident fund loan that is being repaid or Commercial loans

There is no doubt about this. The primary need for Provident Fund loans is to ensure immediate needs. Provident Fund loans are not popular for those who have unpaid mortgages but are still buying a second home. Some cities only review provident fund loans, but popular cities will basically review both provident fund loans and commercial loans. If either loan is not repaid, home buyers will not be able to apply for provident fund loans.

2. Personal credit is defective

This is what I mentioned above. For friends who have bought a house, this point will basically be verified before buying a house. But for many newbies who want to buy a house for the first time, they often forget to check their credit report before signing a contract and paying a deposit. If this situation leads to a breach of contract, the responsibility lies with the home buyer, and the deposit cannot be returned.

3. Suspension of housing provident fund payments

For popular cities, the cessation of housing provident fund payments is also very serious. Some cities have continuous provident fund payments for 5 years, and some have continuous provident fund payments for 2 or 3 years. , if you plan to change jobs, the social security provident fund in the middle must be well connected.

4. Overdue repayment

Although provident fund loans are low-cost, you cannot be careless about repaying on time. For those who cannot repay on time, you can only apply for provident fund loans normally after the impact is eliminated.

5. Have ever withdrawn provident funds in violation of regulations

If you are found to have forged information to withdraw provident funds, you will be punished. For example, Shanghai introduced new regulations on February 10:

① The frequency of withdrawing provident funds in the name of house purchase is obviously abnormal;

② The value of the house is similar to the provident fund account balance or withdrawal amount, and the unit price Obviously low;

③The area of ??the house exceeds the regulations and the purpose deviates;

④The transaction of the target house is abnormal;

⑤Fake application materials;

If violations are found, penalties ranging from 10% to 50% of the proceeds will be imposed. This violation will also appear on your credit report. It will take several years to undo the effects. Although other cities are not as strict, forging materials or reasons for withdrawing provident funds are not allowed.

In addition, when using provident fund loans, you also need to pay attention to the area issue. For example, in Beijing, even if the loan for the first home has been paid off, the loan amount for the second home is limited to 800,000, instead of 1.2 million for the first home.

(The above answers were published on 2017-03-01, please refer to the actual relevant current house purchase policies)

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