1. What is the down payment for the second suite of provident fund?
Buy a second suite with a provident fund loan, and the down payment is not less than 30%, depending on local policies. In addition, for the second suite purchased with the provident fund loan, the purchased house should be used as the mortgage, and the buyer and the bank should sign the housing mortgage contract and go through the relevant mortgage procedures according to the local property rights registration requirements.
2. What is the policy of buying a second suite with provident fund loans?
1. In many areas, buyers are allowed to use provident fund to buy a second house, but it is forbidden to use provident fund to buy a third house.
2. If there was a record of buying a house before, it was only sold later. At this time, if the buyer is buying a house with a provident fund loan, it is the first time to buy a house. That is, the provident fund management center is mainly based on the applicant's existing property and does not count mortgage loan records.
3. If employees want to use the provident fund loan to buy a house, it should be noted that the provident fund cannot be used to pay for the house purchase, and the amount is credited to the developer's account through the bank's use of the provident fund loan.
4. Provident fund loans are all in the form of mortgage guarantee. Property buyers need to use the house purchased by provident fund loans as collateral, sign a mortgage contract with the bank, and go through the mortgage registration formalities with the local housing authority as required.
How much is the down payment for the second suite of provident fund? What is the policy for buying the second suite with provident fund loans? Let's introduce here first. You got it? In different regions, the policy of purchasing the second suite by provident fund is different, which needs to be understood before buying a house.