Marriage and entrepreneurship are inseparable from the house. Buying a house is the biggest expense for many families. At present, there are three common mortgage methods: provident fund loan, commercial loan and portfolio loan. So how to choose the loan method for buying a house loan? The guide to buying a house will help you Loan to buy a house, provident fund commercial loan? Or a portfolio loan? I. Comprehensive comparison of provident fund loans, commercial loans and portfolio loans 1. Lending speed of provident fund loan: 2-3 months. Loan amount: The requirements vary from place to place. Please consult the local housing provident fund management center for details. At present, the maximum personal loan in Beijing is 6.5438+0.2 million yuan. For families who pay housing provident fund in Shanghai, the maximum personal loan for the first suite is 500,000 yuan, the maximum personal loan for Guangzhou provident fund is 600,000 yuan, and the maximum personal loan for Shenzhen provident fund is 500,000 yuan. Loan interest rate: 2.75% for less than 5 years and 3.25% for more than 5 years. Loan Term: The longest loan term of the borrower can be calculated until the borrower is 70 years old, and the down payment is no more than 30 years: the down payment for the first suite below 90 square meters is 20%. Loan requirements: Take Beijing as an example (1) to purchase a policy housing loan: 1. Establish a housing provident fund account >; ; = 12 months, 2. 6 months before applying for a loan, the housing provident fund should be paid in full and continuously. 3. When applying for a loan, it is in the state of payment. (2) Purchase of non-policy housing: 1. Housing provident fund should be paid in full for 6 months before applying for a loan. 2. When applying for a loan, it is in the state of payment. The application conditions for provident fund loans vary from place to place. Please consult your local provident fund management center for details. 2. Lending speed of commercial loans: When handling commercial mortgage loans, it takes almost two weeks from giving the property right certificate to the bank for mortgage to lending, and the progress of different banks may be different. Loan amount: loanable amount = repayment ability of family's monthly income after deducting living expenses and other expenses/monthly repayment amount per 10,000 yuan of corresponding loan years, such as monthly income 1 1,000 yuan, monthly living expenses of 3,000 yuan, loan for 20 years, and benchmark interest rate of 4.90%. According to the online mortgage calculator, the monthly repayment amount of the loan of 6.5438+100000 yuan is 53.07 loanable amount = (10000-3000)/53.07 =1310.9000 yuan loan interest rate: the current benchmark interest rate is 4. At the same time, the down payment shall not exceed 30 years: 30% of the total house price. Loan requirements: A down payment of a specified proportion (generally 30% or more of the total house price) has been paid. 3. Lending speed of portfolio loan: loan amount for more than 2-3 months: for example, the total house price is 6,543.8+0,000, and a loan of 700,000 is needed, but the maximum amount of provident fund is only 500,000, and the remaining 200,000 can choose commercial loans. The total loan amount of portfolio loans shall not exceed 700,000 yuan, and the loan interest rate: commercial individual housing loans in loans shall be subject to the individual housing loan interest rate, and provident fund loans shall be subject to the individual housing provident fund loan interest rate. Loan Term: Commercial individual housing loans shall be implemented according to the term of commercial loans, and provident fund loans shall be implemented according to the term of individual housing provident fund loans. Down payment amount: the loan requirement is 30% of the down payment of commercial loans: it meets the application conditions of both provident fund loans and commercial loans, and is generally only used when personal loans exceed the local maximum amount of provident fund loans. Second, I'll give you an example by comparative calculation. For a house with a total price of 1 10,000, the down payment is 300,000, the loan period is 700,000, and the principal and interest are repaid for 30 years. Use commercial loans and provident fund loans respectively. The results calculated by the mortgage calculator are as follows: It is not difficult to see that the monthly payment of provident fund loans is 668.65 yuan less than that of commercial loans, and the total interest is 24,076,544. It can be said that compared with commercial loans, the monthly payment, loan interest rate and total interest payment of provident fund loans are lower, which can save the cost of buying houses. Despite this, there are corresponding restrictions on the amount of provident fund loans in various places. If the loan amount of the provident fund loan is 500,000, then the remaining 200,000 can choose commercial loans, and the combination of the two is called portfolio loans. Third, what should the buyer do? Before buying a house loan, buyers need to evaluate their assets, mainly including three aspects:1; Comprehensive assessment of the current economic strength of the family, including deposits and realizable assets; 2. Reasonable expectation of family's future income and expenditure; 3. Pay attention to their repayment ability and loanable amount, which is an important basis for determining loanable amount. First, follow three principles when choosing the loan method. If property buyers want to get a lower loan interest rate, second, the optimal combination principle of portfolio loans. If property buyers choose portfolio loans, they should make more provident fund loans and less commercial loans. Because the interest rate of provident fund loans is far more favorable than that of commercial loans, it can save more interest; Third, the down payment principle is loose. The down payment can't use up the cash on hand, so as not to affect the payment of the house payment because the loan can't be approved, but it also needs to be combined with the individual's affordability. Summary: the monthly repayment pressure of provident fund loans is relatively small, and the interest paid is also less. If buyers want to get a lower loan interest rate and a small loan amount, then provident fund loans should be the first choice, but the loan time is longer, so people who are anxious to buy a house had better consider this. At the same time, some developers in the housing market refuse to buy houses with provident fund loans, so those who consider purchasing houses with provident fund loans must pay attention. Although the interest rate of commercial loans is high, the repayment is fast and the procedures are simple. If the purchaser fails to pay the provident fund or fails to pay it for a long time, he can choose a commercial loan. Just because of the different preferential policies of banks, the down payment and interest rate of commercial mortgages of various banks have also risen and fallen to varying degrees. When you apply for a commercial mortgage loan, you should also shop around and choose the best one. For portfolio loans, if the loan amount of buyers is large and the expected loan amount has exceeded the loanable amount of provident fund loans, portfolio loans can be selected. However, due to the constraints of both provident fund loans and commercial loans, it will be more complicated to handle and the lending speed will naturally be slower. In short, buyers must pay attention to weigh the pros and cons and choose the loan method that suits them.

Legal objectivity:

Article 26 of the Regulations on the Management of Housing Provident Fund stipulates that employees who have paid housing provident fund can apply for housing provident fund loans from the housing provident fund management center when purchasing, building, renovating or overhauling their own houses. The housing provident fund management center shall make a decision on whether to grant loans within 15 days from the date of accepting the application, and notify the applicant; Where a loan is granted, the entrusted bank shall go through the loan formalities. The risk of housing provident fund loans shall be borne by the housing provident fund management center.