The provident fund loans of the primary lender and the secondary lender will not be deducted at the same time. On the repayment date, the system will give priority to deducting the principal lender's repayment account. As long as the repayment funds are fully deducted, the system will not initiate any further deductions. If the deducted funds are not enough to repay the current loan, then a deduction will be initiated from the sub-lender's account. In terms of deductions, the primary lender has a higher priority than the sub-lender.

In addition, if the primary lender fails to deduct money and the secondary lender fails to deduct money, the system will still initiate deductions from the primary lender's account in the order of deductions.

What is the difference between primary mortgage lenders and subprime mortgage borrowers?

1. Loan records are displayed differently in credit reports: When applying for a home loan, only one loan record will be generated. The record will only appear on the credit report of the primary lender, and the credit report of the subprime lender will not have the loan record.

2. Different qualification requirements: Under normal circumstances, when a bank applies for a loan, the bank will let the party with better credit standing be the primary lender, and the other party will be the subprime lender.

3. Different loan periods: The period of application for a mortgage loan is calculated based on the age of the primary borrower, not the age of the secondary borrower.

4. The order in which provident funds are used to offset loans is different: when using provident funds to offset mortgages, the balance of the provident fund account of the subprime borrower will only be used after the balance of the provident fund account of the primary lender has been deducted.

Does the main borrower of a home loan have to be the name on the property certificate?

1. The home buyer is the repayer

The home buyer is the repayer. , the house buyer himself meets all the conditions for the loan and can purchase a house and take out a loan in his own name. The name on the property certificate is the name of the house buyer and the lender.

2. The home buyer is not the loan repayer

The situation in which the home purchaser is not the loan repayer is that the home purchaser himself does not meet the various conditions for the loan, including that the home purchaser is a minor. Although the person or the house purchaser has reached adulthood, but the economic income and other indicators do not meet the requirements of the bank loan, then there can be an auxiliary repayer, the parents of the house purchaser or other people, as long as they meet the bank's loan conditions, and If you are willing to serve as the home buyer's loan repayer, the bank will also approve such a loan to purchase a house. At this time, the name on the real estate certificate is not the name of the loan repayer, but the name of the house purchaser.