1. Can the mortgage be repaid with provident fund?
Provident fund loans need to be mortgaged, and provident fund loans need to mortgage the property to the lending bank.
Banks are worried about the risk of default in issuing provident fund loans and need to mortgage the property to banks. If they can't pay off the loan, the property will remain in the bank. Generally, they will use the real estate license as collateral, and they can go to the bank to collect it after the loan is paid off.
Second, the provident fund housing mortgage loan conditions
1. Have registered permanent residence or valid residence status required by the town where the loan is located;
2. Have a stable occupation and income, and have the ability to repay the loan principal and interest;
3. Have a house purchase contract or relevant supporting documents;
4. Provide the guarantee method agreed by the management;
5. Other conditions stipulated by the management.
3. What are the procedures for handling real estate mortgage loans?
1. The borrower shall fill in the Application for Mortgage of Residential Houses before lending, and submit the following supporting materials issued by the bank: the borrower's fixed income certificate issued by the borrower's unit; Credit certification documents such as business license and legal person certificate of the loan guarantor; Legal and valid identity certificate of the borrower; The relevant certificate of the ownership of the house or the certificate that I have the right to the house according to law; Appraisal report, appraisal report and insurance documents of mortgaged real estate; Contracts, agreements or other supporting documents for the purchase and construction of houses; Other documents or materials required by the lending bank.
2. The bank examines the borrower's loan application, purchase contract, agreement and related materials.
3. The borrower shall hand over the title certificate, insurance policy or securities of the collateral to the bank for safekeeping.
4. The borrower and the guarantor of both parties sign the housing mortgage loan contract and notarize it.
5. After the loan contract is signed and notarized, the bank's deposits and loans to the borrower are transferred to the selling unit or building unit specified in the purchase contract or agreement.
6 loan settlement, including normal settlement and early settlement.
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.