Many people struggle all their lives just to own a house of their own. Now most people will choose to pay a certain down payment, apply for a mortgage first, and then pay it back slowly every month. There are many mortgage methods in the market, so let's introduce them today.

1, commercial loan

This kind of mortgage is issued by the bank and can be applied directly to the bank. The advantage is the high loan amount. You can apply for a commercial loan and pay the remaining house price after the down payment. In addition to the first suite, second suites, non-ordinary houses and non-residential houses can all use commercial loans.

It should be noted that the interest rate of commercial loans is very high, and the benchmark interest rate of loans is the average interest rate of the first set of loans in China, which has been rising for 20 consecutive months, so the total interest rate of loans is relatively high. The application threshold is low, faster than provident fund loans, and more suitable for people with repayment ability.

2. Provident fund loans

Provident fund loans are issued by the local provident fund management center using the housing provident fund entrusted by the bank. The biggest feature is the low loan interest rate. Although the interest rate of commercial housing loans is rising, the interest rate of provident fund loans is low and stable. For property buyers, using provident fund loans as much as possible is the best choice to reduce the cost of buying a house. There are restrictions on the interest rates of individual housing provident fund loans for less than 5 years and more than 5 years. The amount of provident fund loans is limited by the deposit period and balance of individual provident fund, and is only used for ordinary housing. The policy also stipulates the maximum loan limit of the provident fund, and the policy of each city is different.

3. Portfolio loan

That is, the application for provident fund and commercial loans are combined. Commercial loans use commercial loan interest, and provident fund loans use provident fund loan interest, and the interest rate will not be too high.

The loan amount is very large. The amount of loans that can be combined with provident fund loans and commercial loans is also relatively large, so the number of users is the largest.

How many kinds of mortgage loans are there?

There are three kinds of mortgages, namely commercial loans, provident fund loans and mixed loans. It is suggested that users who have paid the provident fund give priority to provident fund loans.

When the amount of provident fund loans is insufficient, you can choose portfolio loans. If you have not paid the provident fund and want to apply for a mortgage, you can only apply for a commercial loan. Among the three kinds of loans, the interest rate of provident fund loans is the lowest.

Although the loans are different, the repayment methods of the three loans are the same. Generally, they are average capital or equal principal and interest repayment.

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

The definition of housing provident fund includes the following five aspects:

1. The housing accumulation fund is only established in cities and towns, and the housing accumulation fund system is not established in rural areas.

2. Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.

3. The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.

4. The long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid continuously in accordance with the regulations during their employment, and shall not be suspended or interrupted except for employees' retirement or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.

5. Housing accumulation fund is a personal housing savings fund specially used by employees for housing consumption expenditure, which has two characteristics: accumulation and specificity.

Main attributes

Housing accumulation fund:

1, security, the establishment of employee housing provident fund system, providing a guarantee for employees to solve housing problems faster and better;

2. Mutual assistance, the establishment of housing provident fund system can effectively establish and form a mechanism and channel for workers with housing to help workers without housing. Housing provident fund provides financial assistance to workers without housing, which reflects the mutual assistance of housing provident fund to workers;

3. In the long run, every urban employee must pay personal housing provident fund from the date of work to the date of retirement or termination of labor relations; The employee's unit should also pay the housing provident fund for employee subsidies as required.

main feature

housing accumulation fund

1, universal, urban workers, regardless of the nature of their work units, family income, and whether they have housing, must pay the housing provident fund in accordance with the provisions of the Regulations;

2, mandatory (policy), the unit does not apply for housing provident fund deposit registration or does not set up housing provident fund accounts for employees of the unit, the housing provident fund management center has the right to order it to handle within a time limit, overdue, can be punished according to the relevant provisions of the "Regulations", and can apply to the people for compulsory execution;

3, welfare, in addition to the housing provident fund paid by employees, the unit has to pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;

4. Repayment: the employee retires, resigns, or completely loses the ability to work and terminates the labor relationship with the unit, and the household registration moves out or settles abroad. The paid housing provident fund will be returned to individual employees.

Several mortgage loan methods

1. Housing provident fund loans, housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks (only half of the mortgage interest rate of commercial banks), but also there are spreads between housing provident funds, mortgage interest rates and bank deposit interest rates. At the same time, the cost of housing provident fund loans for mortgage and insurance is halved.

2. Commercial loans are also bank mortgage loans. The balance of the loan bank deposit shall not be less than 30% of the funds required for house purchase, and shall be used as the down payment for house purchase. The assets confirmed by the loan bank are: as mortgage or pledge, or as a unit with sufficient compensation capacity, or as a guarantor who repays the principal and interest of the loan and assumes joint liability. Individuals can apply for bank mortgage loans.

3. Portfolio loans, individual housing portfolio loans and housing provident fund management core can be issued through provident fund loans, and the upper limit is generally 6,543,800 to 290,000 yuan. If the purchase price exceeds this limit, the insufficient part must apply to the bank for commercial housing loans. These two types of loans are collectively referred to as consolidated loans. The interest rate of consolidated loans is relatively moderate, the loan amount is relatively large, and lenders use it more.

What is the process of buying a house loan?

1. Submit a mortgage application. If the buyer is buying a new house, most of the new house sales offices have cooperative banks on site. After signing the contract, buyers can apply for loans directly from the bank of the real estate contract, which can be regarded as saving the step of finding a bank. Therefore, after determining the housing, consult the relevant banks, learn about the relevant provisions of mortgage loans from the banks, prepare the documents required by the banks, fill out the mortgage loan application form and submit it to the banks for review.

2. Waiting for the bank audit results, waiting for the bank audit results is enough for buyers. After the general buyers submit their applications, the bank will review the credit status and repayment ability of the buyers. If the audit is unqualified and the bank refuses to issue loans, the buyers have to find another way. It is likely that most people can't find the source of funds and eventually have to give up buying a house.

3. After signing the loan contract, the buyer needs to sign the loan contract with the bank. When signing a loan contract, he needs to pay various fees, handle mortgage and insurance. This step is time-consuming and the bank has to review it. How long will it take? Every place and bank are different. Then the buyers need to wait for the notice to go to the bank for a face-to-face interview and wait for the bank to verify the materials. After verification, the bank will inform the buyers to take the materials to the Housing Authority for mortgage.

4. Wait for the bank to lend money. After completing the above procedures, buyers can wait patiently for bank loans. Waiting for the house payment is also a long process, and you may have to go to the bank to apply for a loan. After the bank lends money, remember to ask the bank for a loan contract and an iou that belongs to you. There are also two copies of the real estate license, remember to stamp the official seal of the bank, because some organs and departments need to do things.

There are several kinds of mortgage loans.

There are three ways to apply for mortgage: provident fund loan, commercial loan and portfolio loan. Property buyers can choose according to their actual situation, and these three ways have their own advantages. Housing loan method. Housing loans are flexible and diverse, and can be selected according to their own needs. As follows: 1. You can mortgage a loan by paying a down payment; 2, housing loans, you can apply for real estate licenses and mortgage real estate loans after paying off all the house payment in advance; 3. You can get a housing loan by applying for a provident fund loan, which meets the conditions for a provident fund loan. No matter what kind of loan, it must meet the relevant conditions of the loan, otherwise any kind of house purchase loan cannot be handled.