1. What should I do if the provident fund loan amount is not enough?
(1) Apply for a portfolio loan
Portfolio loans are both commercial loans and provident fund loans. Commercial loans are repaid at the commercial loan interest rate, and provident fund loans are repaid at the provident fund loan interest rate. In the case that the loan amount of provident fund is insufficient, the problem of insufficient loan amount can be well solved by adopting the combination loan method. At the same time, the loan interest rate is higher than the provident fund loan interest rate, but lower than the commercial loan interest rate and the interest rate is moderate.
It should be noted that not all banks accept portfolio loans, which involve provident fund centers, banks and other institutions, and the approval period is more than 3 months. Buyers who are anxious to pay the house price should consider the time problem.
(2) Apply for a commercial loan, and use the balance of the provident fund to offset the mortgage.
If the amount of provident fund loans is not enough, you can choose to give up provident fund loans and apply for commercial loans directly. With commercial loans, borrowers can usually lend money about 2 weeks after submitting loan applications. As long as the relevant conditions of the bank are met, the expected amount can generally be loaned. Moreover, after successfully applying for a commercial loan, you can apply for withdrawing the provident fund to repay the monthly payment, but in this case, the interest will be higher than that of a simple provident fund loan. If the loan period is longer, buyers need to bear more economic pressure and need to pay attention to it.
2. What should I do if the loan amount is reduced due to credit information and other factors?
You can consult other banks and apply in banks with loose mortgage policies, and it is possible to obtain the expected quota. If you buy a new house, you can apply for a loan from a bank that cooperates with the real estate.
3. What if the income doesn't meet the requirements of the bank and I can't get the full loan?
You can consider applying for a relay loan.
For example, Betty Wong's income is low, but his father has not retired, and his income is high. George W. Wang Can applied for a mortgage loan with his father as the owner of the house he bought, and the bank would calculate the monthly repayment amount according to the sum of the income of his father and son, thus increasing the loan amount.
The ratio between the monthly income and the monthly repayment amount is: the income of Betty Wong Jr.+the monthly repayment amount of his father's monthly income 2.
All the loan channels have been tried, but it is still not enough. What should I do?
If the approved mortgage amount is not much less than expected and you don't want to apply for other loans, you can consider borrowing money from relatives and friends to make up the difference.
Tip: you must apply for a loan according to your own economic situation when buying a house. Don't affect the quality of life because of mortgage repayment. After all, it's not easy to be a house slave!