What Is the First-Time Homebuyer Credit?
When buying a house with equal principal and interest loans, the monthly repayment amount calculation formula is:
Home loan
When buying a house with an equal principal loan, the monthly repayment amount calculation formula is:
Monthly repayment amount = monthly principal + monthly principal and interest
Monthly principal amount = principal amount / months of repayment
Monthly principal and interest = (principal-total accumulated repayment) X monthly interest rate
The principle of calculating the equal principal rate: the principal amount returned every month is always the same, and the interest will decrease as the remaining principal decreases.
(1) The full name of the personal housing entrusted loan is the personal housing guarantee entrusted loan, which refers to the use of the housing fund management center.
Equal principal and interest repayment
1. Borrower's valid ID card and account book;
2. Proof of marital status, if you are unmarried, you need to provide a non-marital certificate, and if you are divorced, you must provide a court civil mediation or divorce certificate (specify that you have not remarried after divorce);
3. Married need to provide valid identity card, household registration book and marriage certificate of spouse;
4. Borrower's
Brief description
Borrower application pre-loan investigation review, approval signing of loan contract going through insurance, notarization, guarantee and other procedures issuing loans data archiving
| Interest rate item | Annual interest rate (%) |
|---|
| Loans within six months (including 6 months) | 5.60 |
| Six months to one year (including 1 year) loans | 5.60 |
| One to three years (including 3 years) loans | 6.00 |
| Three to five years (including 5 years) loans | 6.00 |
| More than five years loan | 6.15 |
Bank benchmark interest rates before November 22, 2014
project | Annual interest rate% |
I. Short-term loans | |
Within six months (inclusive) | 5.60 |
Six months to one year (inclusive) | 6.06 |
Second, medium and long-term loans | |
One to three years (inclusive) | 6.10 |
Three to five years (inclusive) | 6.45 |
More than five years | 6.60 |
Third, discount | Determine with the rediscount rate as the lower limit plus points |
The latest bank benchmark interest rates in 2013 Various loans | unit:% |
Six months | 5.6 |
One year | 6 |
One to three years | 6.15 |
Three to five years | 6.4 |
More than five years | 5.9 |
People are most concerned about the conditions and procedures in buying a house loan. First, the information needed to apply for a house loan:
1. The ID of the applicant and spouse, 3 originals of the household registration and photocopy (if the applicant and the spouse do not belong to the same household registration, proof of marriage relationship must be attached)
2. The original purchase agreement.
3. One original and one copy of the prepayment receipt with 30% or more of the room price.
4. Applicant's family income certificate and relevant assets certificate, including salary slip, personal income tax payment slip, income certificate issued by the unit, bank deposit slip, etc.
5, the developer's collection account.
Required conditions
1. Natural person aged 18-60 (Hong Kong, Macao, Taiwan and foreign nationals are also acceptable)
2. Have the ability to stabilize occupations, stable income, and repay loan principal and interest on schedule.
3.The actual age of the borrower plus the loan application period should not exceed 70 years.
4. Have legal and valid contracts, agreements for purchase, construction and overhaul of houses, and other supporting documents required by the loan bank.
5. Self-financing funds of more than 30% of the total price of the purchased housing (for self-occupied housing with a building area of 90 square meters or less, the proportion of self-financing funds is 20%), and Pay in advance.
6. Mortgage or pledge of assets approved by the loan bank, or (and) a legal person, other economic organization or natural person with sufficient solvency as the guarantor.
Materials to be provided by the borrower
1. Husband and wife ID cards, hukou / foreigners need temporary residence permit and hukou
2. Marriage certificate / Divorce certificate or court judgment
3. Proof of income (designated by the bank)
4. Copy of business unit's business license (with official seal)
5. Credit certificate: including academic credentials, other real estate, bank flow, large deposit certificates, etc.
6. If the borrower is an enterprise legal person, it must also provide an annual inspection business license, tax registration certificate, organization code certificate, articles of association, and financial statements.
Current deposit | 0.50 |
Take a fixed deposit | - |
Three months | 2.85 |
Half a year | 3.05 |
One year | 3.25 |
Two years | 4.15 |
Three years | 4.75 |
Five years | 5.25 |
Various loans | - |
Six months | 5.85 |
One year | 6.31 |
One to three years | 6.40 |
Three to five years | 6.65 |
Five years | 6.80 |
