The two loan fees should be compared under the same guarantee method.
There are four ways to guarantee housing provident fund loans, namely "mortgage plus joint and several liability guarantee", "mortgage plus comprehensive insurance for house purchase", "pledge guarantee" and "joint and several liability guarantee". Among them, the first two are the most commonly used, namely "mortgage plus joint liability guarantee" and "mortgage plus comprehensive insurance for house purchase".
At present, there are three ways to guarantee bank commercial loans: mortgage plus joint and several liability guarantee, pledge guarantee and joint and several liability guarantee, which are generally adopted. Pan Feng believes that an objective comparison of the costs of provident fund loans and commercial loans should be conducted on the premise of the same guarantee methods. Considering only the cost, provident fund still has considerable advantages when both provident fund loans and commercial loans are guaranteed by "mortgage plus joint and several liability guarantee".
Based on the borrower's age of 40, the total housing price of 600,000 yuan and the loan of 654.38+300,000 yuan, the sum of the principal and interest and expenses of the housing provident fund loan is less than that of the commercial bank loan 172 19.2 yuan. Therefore, when the two kinds of loans adopt the same guarantee method, provident fund loans still have considerable advantages, and buying comprehensive insurance is actually a guarantee method that provident fund loans can use more than commercial loans.
Provident fund has an evaluation fee more than commercial loans.
Housing provident fund loans cost more than commercial loans, because the evaluation methods of housing provident fund loans and commercial loans are different. The evaluation of bank commercial loans starts with the developer's project and directly targets the project. Sign an agreement with the developer after passing the evaluation, and individuals do not need to evaluate when handling loans.
The evaluation of housing provident fund loans is personal, and everyone needs to go to the evaluation office for evaluation when making housing provident fund loans. The housing provident fund management center is also considering whether it is possible to make a unified evaluation of some large projects with reference to banks, so that individuals can save the evaluation link when purchasing housing loans for these projects. In addition, we should also consider whether it is not necessary to re-evaluate the loan when handling mortgage registration in the future.
The provident fund is one lawyer's fee less than the commercial loan.
Because the investigation methods of provident fund loans and commercial loans are different, provident fund loans are less than commercial loans by one lawyer's fee. When a bank handles a commercial loan, it entrusts a law firm to conduct a credit investigation on the borrower, and the lawyer charges the borrower four thousandths of the lawyer's fee. Housing provident fund loans are investigated by banks entrusted by the housing fund management center, and the housing fund management center pays fees to banks.
Provident funds have one more way of protection than commercial loans.
Mortgage plus comprehensive insurance for house purchase is one of the four ways to guarantee entrusted loans. Comprehensive housing insurance provides a loan channel for borrowers who cannot find a guarantee unit.
Because commercial loans allow borrowers to borrow money to buy houses, they are all projects that have signed agreements with banks, and developers must provide guarantees for buyers who borrow money from banks. The provident fund loan has not signed an agreement with the developer, that is, the developer can provide guarantee or not. If the developer does not provide guarantee, the borrower can find his own unit or other units to guarantee his loan. If he can't find a guarantee unit loan, he needs to buy comprehensive insurance.
After the borrower purchases the real estate insurance and personal insurance of Pacific Insurance Company, the insurance company shall bear the corresponding insurance liability after collecting the insurance premium, and the insurance rate shall be calculated according to the risk probability. Although the insurance premium makes the total payment cost of the loan more than the unit guarantee method, it correspondingly reduces the borrower's future repayment risk. If the borrower is unemployed, dead or disabled, the insurance company will pay the remaining loan principal and interest for the borrower after examination and confirmation, and the insurance company will no longer recover the repaid loan or the borrower's heir, nor will it dispose of the house. Of course, if the borrower is employed again, he still needs to repay the loan.
Under the guarantee mode of unit guarantee, once the borrower fails to repay the loan, the guarantee unit will pay off the loan for the borrower, but the guarantee unit has the corresponding recourse to the borrower, that is, the borrower has the responsibility to repay the loan repaid by the guarantee unit on behalf of the borrower. If the borrower is unable to repay, the guarantee unit can handle the house purchased by the borrower in accordance with legal procedures. Therefore, after purchasing comprehensive insurance, when the repayment risk within the scope of insurance liability appears in the future, the debt can be paid off on the basis of not reducing the income and living standard of the borrower or the borrower's successor. Many countries insure loans to spread the risks of borrowers, even if mortgage loans can be established. As of 1999, there have been 6 insurance accidents such as unemployment and death in Beijing, and the insurance company has paid for them.
The premium of comprehensive insurance for house purchase can be refunded.
When a borrower mortgages a house, he needs to go through the mortgage registration formalities with the housing management department. After the borrower completes this procedure, according to the regulations, the insurance company will refund the life insurance premium of the borrower for the remaining period after deducting a certain handling fee. For example, if the borrower has bought insurance for five years according to the regulations, the insurance company will refund the insurance premium for the remaining three years to the borrower after he completes the mortgage registration in the second year. Mortgage registration generally requires registration fees, but the fees are not high. Generally, every square meter of building is around 0.3 yuan. If the borrower buys a house with a square meter of 100, his mortgage registration fee is 0.3 * 100 = 30 yuan. After the mortgage registration formalities are completed, the borrower actually only uses the housing mortgage guarantee. Therefore, under the guarantee mode of "mortgage plus comprehensive house purchase insurance", the final total cost depends on the mortgage registration of the borrower. If the borrower borrows for 65,438+00 years and fails to go through the mortgage registration formalities after 5 years, the borrower still needs to pay the insurance premium for the remaining 5 years. In other words, the amount of insurance premium paid depends on the speed of mortgage registration of borrowers. At present, mortgage registration procedures are handled by the real estate bureau, but the procedures handled by the real estate bureaus in various districts and counties are not the same.
(The above answers were published on 20 16- 12-08. Please refer to the actual situation for the current purchase policy. )
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