Analysis of the combined loan in the management method of mo
The Spring Festival is near, many consumers are planning to buy new houses. However, when using the provident fund for loans, what should we do if the amount cannot meet the demand? In this issue, the personal loan center, according to the relevant provisions of the management measures for mortgage loans To provide consumers with another way of lending - portfolio loans.
Let us first take a look at the general management of mortgage loans. Generally, the maximum amount of a personal housing loan for a housing provident fund is 700,000. The upper limit of the resident's personal provident fund loan is still maintained at 400,000. If there is a supplementary provident fund and monthly housing subsidy, the upper limit of the personal provident fund loan is 500,000; the upper limit of the joint loan between the employee and the husband and wife is 600,000. If there is a supplementary provident fund, Under the conditions of monthly housing subsidies, the upper limit of provident fund loans is 700,000. The maximum repayment period for commercial housing is 30 years, and the second-hand housing is 20 years.
According to the relevant provisions of the "term and amount of housing provident fund loans", the purchase of "the first set of housing below 90 square meters" can be implemented as a down payment of 20%. At present, the housing provident fund management center implements a policy of lending to the first set of housing (including commercial housing, price-limited commercial housing, targeted resettlement affordable housing, targeted sales of affordable housing or the sale of affordable housing for workers and families (including employees, spouses and minor children). Private housing), and the purchased building area is below 90 square meters (including 90 square meters), the loan amount does not exceed 80% of the purchased house price; the purchased building construction area exceeds 90 square meters, and the loan amount does not exceed 70% of the purchase price of the house; if the above conditions are met, you can apply for a 20% down payment. This regulation applies to both commercial and second-hand housing.
According to the management method of mortgage loans, a common phenomenon is a combination loan, that is, applying for a housing provident fund personal loan to purchase a house, but the approval amount of the provident fund loan cannot reach the amount you expect, and the amount of the provident fund loan does not exceed the total house price. At 70%, the CPF will be entrusted to issue a loan method in which the bank applies for a mortgage loan with a total amount of 70% of the total price of the house. For example, buyers need to buy a set of 800,000 housing, but their own funds are only 240,000, just enough to pay down, there is a gap of 560,000, the housing provident fund management center only approved 400,000 home buyers, leaving 160,000. You can apply for a bank mortgage.
The formula is: provident fund loans of 400,000 + bank mortgages of 160,000 = 560,000 portfolio loans. If applying for a portfolio loan, the information provided by the mortgage lender and the housing provident fund lending institution is basically the same, and the requirements for the loan term are also the same.