Is mortgage portfolio loan cost-effective?

What conditions do you need to apply for a portfolio loan to buy a house? How to deal with it?

At present, there are three common mortgage methods: provident fund loan, commercial loan and portfolio loan. The low interest rate of provident fund loans is the first consideration for buyers. However, due to the complicated procedures of provident fund loans, limited amount and relatively high interest on commercial loans, most people will choose portfolio loans.

So what principles should be followed in choosing portfolio loans? What are the requirements? What should I do? Look down there.

First of all, the choice of portfolio loans should follow two principles.

1, the principle of optimal combination of portfolio loans. If buyers choose portfolio loans, they should make as many provident fund loans as possible and as few commercial loans as possible. Because the interest rate of provident fund loans is far more favorable than that of commercial loans, it can save more interest;

2. The down payment principle is loose. The down payment can't use up the cash on hand, so as not to affect the payment of the house payment because the loan can't be approved, but it also needs to be combined with the individual's affordability.

Two. Requirements for applying for portfolio loans

1. The borrower has legal status, that is to say, it must have legal and valid identification materials.

2. The borrower is a natural person who has paid the housing provident fund in full and on time.

3, a stable economic income, good credit, the ability to repay the loan principal and interest.

4. There are legal and effective purchase (construction, overhaul) contracts and agreements and other supporting documents required by the loan bank.

5. Ensure that the self-raised funds above 30% of the total price of the purchased house are used to pay the down payment of the purchased house. According to different regions, there may be different regulations. Please consult relevant local departments for details.

6. Mortgaging or pledging the assets recognized by the loan bank, or (and) using legal persons, other economic organizations or natural persons with sufficient compensatory capacity as guarantors.

7. Meet the loan conditions stipulated by the local provident fund management department.

8. Other conditions stipulated by the lending bank for portfolio loans.

Third, the specific process of handling portfolio loans.

1. The borrower applies to the housing fund management center for provident fund loans and provides loan materials, and submits them to the housing fund management center for approval.

2, with the housing provident fund management center approved the loan amount, duration, interest rate and other information, to the loan bank to apply for supporting personal housing loans.

3. After accepting the loan, the loan bank evaluates the borrower's credit standing, occupation, income and repayment ability according to the information provided by the borrower, evaluates whether the borrower meets the loan conditions, calculates the loan amount, determines the loan term, and gives the borrower a reply within 10 working days.

4, after the approval of the loan bank, signed a housing provident fund entrusted loan contract, individual housing loan contract and mortgage loan contract with the borrower.

5. When the borrower goes to the property right department to handle the loan guarantee formalities, there will be two guarantee methods to choose from, and the borrower can choose either one according to his actual situation.

6. After the borrower completes the mortgage or pledge formalities in the property right department, he shall submit the loan information together with the loan contract, mortgage contract (pledge contract), house ownership certificate and mortgage certificate to the loan bank for home insurance formalities.

7. The borrower signs a transfer and deduction agreement with the bank.

8. The lending bank will transfer the portfolio loan to the bank account established by the borrower according to the transfer agreement.

Can I buy a house with a portfolio loan?

For housing loans, many people prefer provident fund loans, but the amount of provident fund loans is limited, which is often not enough to pay all the house payment. So some people will choose provident fund loans and commercial housing loans together, which is the so-called portfolio loans. So can a portfolio loan buy a house? Next, Bian Xiao will briefly introduce it to you.

1, you can apply for a portfolio loan to buy a house. Applying for portfolio loan usually requires the applicant to meet the conditions of both commercial loan application and housing provident fund loan. For example, the lender pays a certain number of years of housing provident fund, good personal credit and the ability to repay the principal and interest of the loan. The interest rate of portfolio loans is low, but the procedures will be relatively complicated.

2. When buyers usually apply for housing provident fund, the loan amount provided by the provident fund is not enough, so the remaining house payment will apply to the bank for housing commercial loans. For example, we need a loan of 900,000 yuan to buy a house, and the housing provident fund can only provide a loan amount of 600,000 yuan, so the remaining 300,000 yuan can apply for a commercial housing loan from the bank. When applying for housing portfolio loans, we should pay attention to the fact that the life of commercial loans and provident fund loans need to be consistent.

3. If you want to apply for housing portfolio loans, you need to apply for commercial loans and provident fund loans at the bank designated by the provident fund center. Because banks don't allow buyers to mortgage a property to two different banks at the same time. If you want to get the bank's approval for lending quickly, it is best not to choose the form of portfolio loan. Because portfolio loans involve provident fund loans, and provident fund loans usually take a long time to approve and lend slowly.

4. As far as other loan methods are concerned, the interest rate of portfolio loan will be relatively low, which is a loan method with high cost performance. However, the procedures are responsible, and the mortgage time of banks is longer than that of commercial loans. When choosing a loan method, you can compare the advantages and disadvantages of different loans and choose the loan method that suits you best.

Bian Xiao concluded: Regarding buying a house, can I combine loans? Bian Xiao introduced it here. I hope that after reading this article, you can understand the portfolio loan.

How to handle housing portfolio loan

Question 1: How to apply for individual housing portfolio loan to buy a house depends on the application conditions:

1. Participate in the housing provident fund and pay it normally.

2. Have permanent residence in cities and towns or valid residence status.

3, a stable economic income, good credit, the ability to repay the loan principal and interest.

4. There are legal and effective certificates such as contracts and agreements for the purchase and overhaul of housing.

5. There should be self-raised funds above the prescribed minimum amount, and it should be used to pay the down payment of the purchased (overhauled) house.

6. Having assets that meet the conditions of mortgage or pledge, or (and) legal persons, other economic organizations or natural persons with sufficient compensation capacity as guarantors.

Apply for individual housing portfolio loans, as long as they meet the loan conditions of both individual housing mortgage loans and individual housing provident fund loans. It should be noted that the lenders (main lenders) of portfolio loans must be the same person.

Information to be provided when applying for a loan:

1, housing provident fund account number and borrower's name stamped;

2 other information required by the local housing provident fund management center and the loan bank.

3. Proof of down payment for housing purchase or self-financing for housing construction, renovation and overhaul.

4. Legal identity documents (resident identity card, residence booklet, passport or other valid residence documents)

5, legal and effective purchase, construction, renovation or overhaul of their own housing contracts or agreements and related information.

6, the use of both husband and wife loan line, must have a spouse housing provident fund account, ID card and marriage certificate copy or other proof of husband and wife relationship.

7. When handling portfolio loans, in addition to the above information, you also need to provide information on handling commercial housing loans. Please refer to the "first-hand personal housing loan" business.

Loan process:

1. Accept the loan application. The borrower submits a written loan application and relevant materials, which are accepted by the bank and handed over to the housing provident fund management department.

2. Loan approval. The housing provident fund management department shall examine and approve the loan.

3. Sign a loan contract. After being approved by the housing provident fund management department, ICBC will inform you to sign the loan contract and guarantee contract, and go through the necessary formalities such as mortgage registration.

4. Issue loans. You must come to ICBC to fill in the loan transfer voucher, and ICBC will transfer the loan funds to your house sales account in one lump sum or in several installments according to the loan contract.

5. Repay on schedule. After the loan is issued, you must repay the principal and interest of the loan according to the repayment plan and repayment method agreed in the contract.

6. Change of contract. During the execution of the Contract, the Borrower may apply to Industrial and Commercial Bank of China or Housing Fund Management Department to change the loan term, repayment method, prepayment, etc. After approval, ICBC will handle the contract change procedures for the borrower.

7. loan settlement. China Industrial and Commercial Bank issued a loan settlement certificate for the borrower, and the borrower retrieved the mortgage registration certificate and other documents, and went to the original mortgage registration department to handle the mortgage registration cancellation procedures.

Loan Term: The loan term stipulated by the housing provident fund management center in different regions is different. Please consult the local housing provident fund management center when lending. It should be noted that the loan term of the provident fund loan part and the housing commercial loan part in the portfolio loan must be the same.

Question 2: What are the procedures for mortgage portfolio loan? Mortgage portfolio loans are commercial loans and provident fund loans, and the required procedures are as follows:

ID card, household registration book, unmarried certificate (issued by any notary office, or handled in the same bank, because banks generally have business dealings with notary offices), income certificate issued by the unit, and deposit certificate of the provident fund center (you can ask for it from the unit or print it directly at the provident fund center, which varies from place to place, so I suggest you ask the unit).

If you are married, you need both husband and wife's ID card, household registration book and proof of income. In addition, there is no unmarried certificate, but a marriage certificate must be provided.

Question 3: How to apply for provident fund and commercial portfolio loan to buy a house? There are two ways to handle the real estate license:

A. Entrust the developer or agency to handle the real estate license.

B, handle the real estate license yourself.

A. entrust the developer or agency to handle it.

Step 1: Sign the entrustment agreement.

Usually, there is a clause in the "house purchase contract" about entrusting the developer to handle the real estate license, which itself can be regarded as a separate entrustment agreement. In addition, many developers will require buyers to sign a power of attorney entrusting them to handle the real estate license in addition to the purchase contract, and agree to hand over the deed tax and public maintenance fund to them before they can move in.

Sometimes, developers will entrust relevant procedures to specialized institutions or lawyers.

Precautions:

The agency agreement shall clearly stipulate:

1. Within what period should the developer apply for the real estate license (if the two licenses are separated, the land use right certificate and the house ownership certificate must be marked. Of course, if the local area cannot obtain the land use right certificate temporarily due to administrative reasons, it can only make concessions);

2. Within what time limit should the developer or agency provide the official proof of payment of relevant taxes and fees;

3. Agree how to deal with the case that the application cannot be processed as scheduled or the application has an error due to the developer's reasons. It is best to clearly stipulate such clear default treatment methods as "you can return a house" or "don't return a house, but the developer should compensate x% of the total house price";

4. Agree that if the loan bank impounds the real estate license and the purchase contract, how can the purchaser verify the real estate license, because in this case, the purchaser can only "take a look" at the real estate license;

5. Agree to handle mortgage registration. Some banks do not detain real estate licenses, but only handle mortgage registration. Whether the mortgage registration procedures are handled by the developer and how to handle them should also be clearly agreed;

6. Agree on the amount and payment method of the agency fee, and ask for the official receipt stamped by the developer.

If there is no detailed agreement in the purchase contract, please try to include these terms in this entrustment agreement.

Step 2: Pay the agency fee of the real estate license, public maintenance fund, deed tax and stamp duty.

When you move in, developers often ask you to pay these fees.

Precautions:

1. Before paying the money, please know the charging standards of these taxes and fees, so as to verify whether the developer's calculation is correct. Please refer to the appendix 1 1 of this book.

Please keep the receipt after paying the money, and ask the payee to affix the official seal, and don't accept the "white note".

Step 3: Get the real estate license according to the agreed time.

After the developer or agency company pays the above taxes and fees, it can get the real estate license by handling the real estate license and mortgage registration.

If the loan bank impounds the real estate license and the house purchase contract, you must find an opportunity to carefully check the records on the real estate license. If there are errors in the records, you should ask for changes in time.

Precautions:

1. Check the number of certificates carefully. If the two certificates are agreed, be sure to check whether they are complete;

2. Carefully check the records of the real estate license, especially the important information such as area, location, owner's name and ownership status. If it is inconsistent with the contract, ask the developer to explain the reasons;

3. Check the mortgage items recorded in the "Other Rights" column;

4. Ask for an official invoice for paying taxes and fees.

B, handle the real estate license yourself.

Scope of application: applicable when paying taxes such as deed tax, public maintenance fund and stamp duty.

Step 1: Sign the entrustment agreement.

Usually, there is a clause in the "house purchase contract" about entrusting the developer to handle the real estate license, which itself can be regarded as a separate entrustment agreement. In addition, many developers, in addition to the purchase contract, will also require property buyers to sign a power of attorney and entrust them to handle the real estate license.

Sometimes, developers will entrust relevant procedures to specialized institutions or lawyers.

Note: It is the same as "Step 1" in "Process 1".

Step 2: Pay the agency fee for the real estate license.

When the seller lives, the developer will ask you to pay. Precautions:

After paying the money, please keep the receipt and ask the payee to affix the official seal. Do not accept the "white note".

Step 3: Pay the public maintenance fund and deed tax to the relevant departments.

Regarding the payment method, you can ask the developer or the staff of the agency. Public * * * maintenance funds are generally collected by community offices in the area where the property is located, and some cities have begun to collect public * * * maintenance funds by banks. be filled/suffused/brimming with ......

Question 4: What are the conditions for buying a house with a portfolio loan and how to handle it? 1. Two principles should be followed when choosing portfolio loans.

1, the principle of better combination of portfolio loans. If buyers choose portfolio loans, they should make as many provident fund loans as possible and as few commercial loans as possible. Because the interest rate of provident fund loans is far more favorable than that of commercial loans, it can save more interest;

2. The down payment principle is loose. The down payment can't use up the cash on hand, so as not to affect the payment of the house payment because the loan can't be approved, but it also needs to be combined with the individual's affordability.

Two. Requirements for applying for portfolio loans

1. The borrower has legal status, that is to say, it must have legal and valid identification materials.

2. The borrower is a natural person who has paid the housing provident fund in full and on time.

3, a stable economic income, good credit, the ability to repay the loan principal and interest.

4. There are legal and effective purchase (construction, overhaul) contracts and agreements and other supporting documents required by the loan bank.

5. Ensure that the self-raised funds above 30% of the total price of the purchased house are used to pay the down payment of the purchased house. According to different regions, there may be different regulations. Please consult relevant local departments for details.

6. Mortgaging or pledging the assets recognized by the loan bank, or (and) using legal persons, other economic organizations or natural persons with sufficient compensatory capacity as guarantors.

7. Meet the loan conditions stipulated by the local provident fund management department.

8. Other conditions stipulated by the lending bank for portfolio loans.

Third, the specific process of handling portfolio loans.

1. The borrower applies for provident fund loan to the housing fund management core and provides loan information, and submits it to the housing fund management core for approval.

2, with the housing provident fund management core approval of the loan amount, duration, interest rate and other information, to the loan bank to apply for supporting personal housing loans.

3. After accepting the loan, the loan bank evaluates the borrower's credit standing, occupation, income and repayment ability according to the information provided by the borrower, evaluates whether the borrower meets the loan conditions, calculates the loan amount, determines the loan term, and gives the borrower a reply within 10 working days.

4, after the approval of the loan bank, signed a housing provident fund entrusted loan contract, individual housing loan contract and mortgage loan contract with the borrower.

5. When the borrower goes to the property right department to handle the loan guarantee formalities, there will be two guarantee methods to choose from, and the borrower can choose either one according to his actual situation.

6. After the borrower completes the mortgage or pledge formalities in the property right department, he shall submit the loan information together with the loan contract, mortgage contract (pledge contract), house ownership certificate and mortgage certificate to the loan bank for home insurance formalities.

7. The borrower signs a transfer and deduction agreement with the bank.

8. The lending bank will transfer the portfolio loan to the bank account established by the borrower according to the transfer agreement.

Question 5: What is the process of buying a house with a portfolio loan? Process of buying a house with portfolio loan:

(1) application. The loan applicant shall submit a written loan application to the housing fund management center and the Construction Bank respectively, and submit relevant materials.

(2) sign a contract. After the loan applicant obtains the personal housing loan amount of the provident fund, he/she applies for a portfolio loan (personal housing loan of the provident fund and housing loan with his/her own account) from the loan bank with the Notice of Entrustment of Personal Housing Loan of the Provident Fund issued by the Provident Fund Management Department. After receiving the notice that the bank agrees to the loan, the customer needs to sign a loan contract and a guarantee contract with the loan bank respectively for the provident fund personal housing loan and the self-owned account housing loan, and handle the notarization between China and the DPRK as appropriate.

(3) Mortgage and insurance. After the signing of this contract, necessary procedures such as mortgage registration and insurance shall be handled in accordance with national and local laws and regulations. Mortgage registration and insurance fees shall be borne by the borrower, and the original insurance policy shall be kept by the loan bank during the mortgage period.

(4) open an account. Customers who choose to entrust deduction for repayment open a special savings passbook account, savings card or credit card account in the loan bank. At the same time, the seller shall open a special deposit account in the loan bank.

(5) expenditure. At the front desk of bank accounting, the borrower fills in the loan-to-loan voucher of provident fund personal housing loan and self-owned housing loan respectively, and the loan bank directly transfers the loan to the deposit account opened by the borrower in the loan bank according to the loan contract, or transfers it to the seller in one lump sum or in installments. In a deposit account opened by rhodium bank.

(6) Repayment on schedule. The borrower shall repay the provident fund personal housing loan and self-owned bank housing loan on schedule according to the repayment plan and repayment method agreed in the loan contract. At present, there are two ways to return the log: entrusted bank deduction and counter repayment.

(7) loan settlement. Loan settlement includes early settlement and normal settlement. Early settlement refers to the settlement of the loan (one-time repayment of principal and interest) or the last loan (installment loan) before the loan maturity date; Normal settlement refers to the settlement of the loan on the maturity date of the loan (one-time repayment of principal and interest) or the last installment of the loan (installment loan). If the loan is settled in advance, the borrower shall submit an application for early settlement to the provident fund management department or (and) the loan bank 10 working days in advance after paying off all the payables.

The borrower obtains the loan settlement certificate from the loan bank, retrieves the mortgage registration certificate of real estate ownership and the original insurance policy, and goes through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate issued by the loan bank.

Portfolio loan materials:

When customers apply for loans from the provident fund management department and the bank in turn, they need to submit the following materials:

(1) Identity documents (resident identity card, household registration book or other identity documents);

(2) Proof of the borrower's repayment ability recognized by the provident fund management department and the loan bank, such as income certificate and asset certificate.

(3) Legal purchase contracts, agreements and approval documents;

(4) Where mortgage or pledge guarantee is involved, the ownership certificate of the mortgage or pledge right and the written certificate that the authorized person agrees to mortgage or pledge shall be provided;

(5) Where the guarantee is involved, the written commitment of the guarantor to provide the guarantee and the credit certificate of the guarantor shall be provided;

(6) Relevant certificates of the borrower's self-raised house purchase funds;

(7) Other documents and materials stipulated by the provident fund management department and the loan bank.

Question 6: buying a house raiders: how to apply for a bank loan to buy a house with a portfolio loan;

1, with legal residence status; To apply for a policy-based personal housing loan, you should have a local permanent residence;

2. Have a stable occupation and income;

3, have the ability to repay the loan principal and interest on schedule;

4. There is an asset mortgage or pledge recognized by the loan bank, or (and) there is a guarantor who meets the prescribed conditions as its guarantee.

5, there is a contract or agreement to buy housing;

6. When applying for a loan, there is a deposit of not less than 30% of the funds required for the purchase of housing in the Construction Bank. If you apply for a policy-based personal housing loan, you shall deposit the housing provident fund in the Construction Bank according to regulations;

7. Other conditions stipulated by the lending bank.

Second, what materials do you need for a bank loan to buy a house?

1, loan application form;

2. Subscription agreement or sales contract;

3. identification;

Identity certificates refer to foreigners' passports, Taiwan Province people's passports and household registration books, Hong Kong and Macao identity cards, home visit certificates and work permits. Marriage certificate refers to the registration certificate of the country where the buyer and spouse are located.

4 proof of income (including tax bill, bank deposit record and employer's confirmation).

Third, what is the process of buying a house with bank loans?

Step 1: The buyer and the seller prepare complete information to see a lawyer.

Step 2: the appraisal company evaluates the house, and the lawyer issues a legal opinion;

Step 3: The bank reviews the evaluation report and the president signs the loan.

Step 4: Loan.

Note: Banks have different information requirements for buyers and sellers, and the process details are also different. Please refer to the monthly loan handbook.

Four, the loan to buy a house to pay attention to the six major issues

1, the provident fund will not be used before the loan. If the borrower withdraws the balance of the provident fund savings to pay the house payment before the loan, then the balance of the provident fund in your provident fund account is zero, and your provident fund loan amount is also zero, which means that you cannot apply for a provident fund loan.

2. Don't repay the loan in advance within one year. According to the relevant provisions of provident fund loans, part of the prepayment should be made one year after the loan is paid off, and the amount you return should exceed six months.

Don't forget to find the bank around you if you have difficulty in repaying the loan. During the loan period, the repayment ability declines. When it is difficult to repay the loan, don't insist on it yourself. ICBC customers can apply to ICBC for extending the loan term. After investigation by the bank, ICBC will accept your application for extending the loan term, and there is no default of principal and interest.

4. Don't forget to inform when renting a house after the loan. When renting a mortgaged house during the loan period, the lessee must be informed of the mortgage facts in writing.

Don't forget to cancel the mortgage after the loan is paid off. When you have paid off all the loan principal and interest, you can go to the district or county real estate trading center where you lived before to cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the mortgaged property.

6. Don't lose the loan contract and IOUs. Applying for a loan, the loan contract signed between the bank and you, and the receipt are all important legal documents. As the loan takes a long time, as a borrower, you should take good care of your contracts and IOUs.

Question 7: What are the procedures for housing loan, provident fund and commercial loan portfolio? Commercial loans and provident fund loans should be applied within the same period. In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans can be different, but different interest rates are implemented.

Application method:

① Apply for portfolio loan, and the preliminary examination procedure is the same as provident fund loan;

(2) After the first trial is passed, when the borrower goes to the bank to handle other procedures for provident fund loans, he should fill in the application form for commercial loans and handle relevant procedures as required by the bank;

(3) After the approval of the two loans is completed, the bank will transfer them to the account of the selling unit;

④ In portfolio loans, the loan term, loan date and repayment date of provident fund loans and commercial loans can be different, but different interest rates are implemented.

Required information:

1. loan application form;

2. ID card and 3 copies of ID card;

3. Original and photocopy of the household registration book (home page and personal page are required for collective accounts);

4. Original and photocopy of the whole house sales contract (2 copies);

5. Application for registration of ownership transfer (provided by the developer);

6 copies of advance payment receipt (2 copies);

7. Private seal (one for each married couple);

8. Personal wage income certificate (format paper provided by the developer, confirmed and sealed by the company);

9. Contact list of portfolio loan and its copy (1 copy);

10. Commercial loan contract;

1 1. Sixth copy of maintenance fund receipt.

Question 8: What is the process of handling bank provident fund portfolio loans for the sale of second-hand houses? The intermediary will handle it for you! Submit requirements, etc.

Question 9: How to handle portfolio loans? What is the process? I suggest you confirm the cooperative bank through the house purchasing agent. It would be ideal if cooperative banks could handle commercial loans and provident fund loans. Just apply for a portfolio loan directly through the bank. You will need information such as ID card, work certificate and income certificate, and the bank will provide you with a list of information directly.

If the developer's cooperative bank can't handle the provident fund loan, then you need to see if the developer can accept it. You can contact other banks for loans and then contact a bank yourself. Banks can apply for provident fund commercial loan portfolio first, and then apply for direct mortgage provident fund portfolio loan. This procedure is rather troublesome, so I suggest you consider the first one when it is impossible.

The difficulty of loan approval depends on two aspects: on the one hand, your personal situation, such as job stability (work certificate and tax payment certificate, etc.). On the other hand, the amount of bank loans is shrinking this year. If the loan amount of each bank is not high, it may be difficult to approve it, or if the loan amount of the bank in that year is used up, it will be postponed to the next year. This is beyond your control. Generally, by the end of the year, the bank's loan quota will be relatively tight.

In addition, this year's loan tightening policy will also lead to higher interest rates when the policy is relatively loose. At present, the interest rate of the first set of personal housing commercial loans generally rises by 10%, and the specific city regulations are different.

Question 10: The portfolio loan is so slow, so pay the house immediately. What should I do? 1. The purchase contract must be filed online, and the filing procedures shall be handled by the developer. Therefore, the loan procedures are postponed due to the delay in filing procedures, and you do not have to bear the responsibility of delaying payment.

2. Because your house payment has not been paid in full, the developer will not hand over the house before you pay in full.

3. What should you do now:

(1) Find out whether the developer has sold your house to others.

In principle, sign online quickly. If the developer replies that you have a problem with the online sign, you'd better go to the housing management department to check whether the house you bought was sold by the developer, which means that your house was sold by the developer to others.

If so, you can ask the developer for compensation.