How to get a housing loan? Analysis and practical guide of hot topics across the Internet
Recently, the issue of housing loans has once again become the focus of heated discussions across the Internet. With the adjustment of property market policies and changes in interest rates in many places, how to apply for a housing loan efficiently and at a low cost has become one of the most concerning issues for home buyers. This article will combine the hot topics of the past 10 days to provide you with a detailed analysis of the entire process of housing loan.
1. Current hot data in the housing loan market (last 10 days)
| hot topics | search volume index | Main focus groups |
|---|---|---|
| First home loan interest rates cut | 1,250,000 | First-time home buyers aged 25-35 |
| Provident fund loan limit adjustment | 980,000 | Employees of public institutions/state-owned enterprises |
| Difficulty in second-hand housing loan approval | 750,000 | Improvement buyer |
| Portfolio loan application process | 620,000 | middle- and high-income families |
2. Comparison of the main types of housing loans
| Loan type | Interest rate range | Maximum years | down payment ratio | Suitable for the crowd |
|---|---|---|---|---|
| business loan | 3.8%-4.9% | 30 years | 20%-30% | All home buyers |
| Provident Fund Loan | 3.1%-3.5% | 30 years | 20% | Employees who pay provident fund |
| portfolio loan | 3.1%-4.9% | 30 years | 20%-30% | People with insufficient provident fund |
3. Guide to the whole process of housing loan application
1.Pre-qualification stage: Confirm that the personal credit report is good (no more than 6 overdue payments in the past 2 years), and the calculated household income must cover more than twice the monthly payment. Recent hot topics show that banks have become more strict in reviewing income certificates.
2.Material preparation stage: It is necessary to prepare ID card, household register, marriage certificate, income certificate, down payment certificate, house purchase contract, etc. Recently, electronic material submission channels have been launched in many places, increasing processing efficiency by 30%.
3.loan application stage: You can choose to apply online or offline. Data shows that in 2023, the proportion of online applications has reached 65%, and the average approval time has been shortened to 5-7 working days.
4.Interview and loan stage: After approval, the contract needs to be signed in person. Currently, some banks offer video interview services. The loan lending time is affected by the property mortgage registration and usually takes 15-30 days.
4. Tips for saving interest on housing loans in 2023
| Skills | Estimated interest savings | Applicable situations |
|---|---|---|
| Choose LPR floating interest rate | 5%-15% | Expected interest rate downward cycle |
| Shorten the loan term | 20%-40% | Strong repayment ability |
| Provident fund loan priority | 30%-50% | Have sufficient provident fund |
| Partial repayment in advance | According to the repayment amount | Have idle funds |
5. Answers to recent hot questions
1.Changes in the standards for identifying first-time home owners: Many cities have implemented the policy of "acknowledge a house but not a loan". As long as there is no house in the local area, you can enjoy the first-time interest rate even if you have a loan record.
2.Second-hand housing loan restrictions: For second-hand houses that are more than 20 years old, some banks will lower the loan ratio or refuse loans. It is recommended to consult in advance.
3.Co-payer policy: Children can use their parents as co-payers when purchasing a house, but the age of the parents must meet the requirement that "loan period + age" does not exceed 75 years old.
4.Business loan replacement housing loan risk: Recently, regulatory authorities have strictly investigated the illegal flow of business loans into the property market. Such operations may face the risk of early loan withdrawal.
Home loan is one of the most important financial decisions for most families. It is recommended that home buyers reasonably plan loan plans based on their own economic conditions, pay close attention to policy changes, and seize the window period for preferential interest rates. New policies such as "transfer with mortgage" recently introduced in many places have also provided more convenience for second-hand housing transactions.
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