Due to the low interest rate of the provident fund loan, many homebuyers are considering the provident fund loan. However, some people's housing provident fund loan quotas cannot meet the needs. This requires the use of commercial loans, which is what we often call a portfolio loan . How to deal with portfolio loans? The following decoration home decoration network Xiaobian will bring you the process of portfolio loan processing for your reference. What is a portfolio loan? A combination loan refers to a borrower who meets the commercial loan conditions of a personal housing and also pays a housing provident fund. When applying for a personal housing commercial loan, it can also apply for a personal housing provident fund loan, that is, the borrower lives in the city where the purchase is made. Housing (or other bank-approved guarantees) can be used as a collateral to apply for personal housing provident fund loans and personal housing commercial loans to banks. How to deal with portfolio loans? The first step: to apply for a loan to the loan bank The borrower shall hold a copy of the purchase contract and the developer's sales permit, ID card, housing provident fund deposit magnetic card, seal to the CCB Real Estate Credit Department of each district and county to apply for a housing provident fund loan (using the husband and wife housing provident fund loan, must also carry a marriage certificate Or other husband and wife relationship certificate), fill out the “Personal Housing Provident Fund Loan (Combination) Loan Applicationâ€. Step 2: Bank review Based on the information provided by the borrower, the loan bank assesses whether the borrower meets the loan conditions, calculates the loan amount, and determines the loan term. Step 3: Sign the loan contract with the loan bank After the loan bank reviews the borrower's application, the borrower signs a loan contract and a mortgage contract with the bank (the pledge contract is not required for the housing guarantee). Step 4: Go to the property rights department for loan guarantee procedures There are two types of guarantees for housing provident fund loans (combined loans), and the borrower can choose any one of them according to their actual situation. 1. The borrower may use its own, shared or third-person property for mortgage. If you purchase commercial housing, affordable housing (has obtained title certificate) and apply for mortgage for the purchased building, hold the borrower's ID card, the original receipt of the payment, the name of the chapter, the loan contract, the mortgage contract, and fill out the "House of the City". After applying for the registration form of the item of rights and attaching the seal of the borrower (mortgage) and the loan bank (mortgage holder), go to the property management department where the house is located to handle the “Household Warrantsâ€. If the borrower mortgages the 期房 (has not obtained the title certificate), he shall go through the above-mentioned materials to the property management department of the district real estate administration where the house is located to handle the “City Real Estate Mortgage Certificateâ€. 2. Pledged with the securities approved by the lending bank such as treasury bonds and bank deposit certificates, and the borrower holds the securities to the loan bank for custody. Step 5: Apply for mortgage insurance After the borrower goes through the mortgage or pledge procedures, the borrower will go through the housing insurance procedures with the loan information, such as the loan contract, the mortgage contract (pledge contract), the house warrant, and the mortgage certificate. Step 6: Sign the repayment agreement and transfer If the savings card is used to repay the loan, the borrower will go to the CCB savings outlet to handle the repayment of the debit card and sign a withholding agreement with the lending bank. If the entrusting unit withholds repayment, the unit signs an agreement with the lending bank. Step 7: Bank transfer The borrower goes to the loan bank to process the payment according to the time agreed with the loan bank, and the loan bank transfers the money to the selling unit; the loan for repairing and building the house is borrowed by the borrower according to the loan contract. The above is what Xiaobian brings to you is a portfolio loan? How to deal with portfolio loans? I believe that everyone has a basic understanding of portfolio loans after reading this article. If you want to know more about decoration, please click on the decoration knowledge channel. More related wonderful reading: What is a mortgage loan? What is the mortgage loan rate? How to loan a housing provident fund? Housing provident fund loan process What should I pay attention to when buying a house? Buying a house loan note Can the real estate license be a loan? How to do real estate license loans? How to apply for a mortgage? What are the risks of home mortgages?
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What is a portfolio loan? How to deal with portfolio loans?