Recently, a new version of "Shenzhen Housing Provident Fund Loan Management Parents Buying a House or Compensation" was released and implemented.
The relevant person in charge of the Shenzhen Housing Provident Fund Management Center said that in order to further improve the "intergenerational support" system of Shenzhen provident fund loans and reflect the interactive support among family members, the new regulations will support children on the basis that the original parents support their children's loans or repay their loans. Children can support their parents to apply for provident fund loans.
The balance of children's provident fund account can be used by parents to apply for a higher loan amount; Or direct loan principal and interest to reduce repayment pressure. The balance of China Unicom will give full play to the role of provident fund loans.
Second, can the children's provident fund help parents repay their mortgages?
Children's provident fund is generally unable to help parents repay the mortgage, because the mortgage is handled by parents and the owner of the house is parents, not children. Children naturally can't use their own provident fund to help their parents repay their mortgages. In short, whoever is the borrower of the mortgage will pay it back. Of course, if the parents run a relay loan, the name of the child is written on the real estate license, and the child is the borrower of the mortgage, then the child can still use the balance in his provident fund account to help the parents repay the mortgage. If parents also pay the housing provident fund, they can also directly use their parents' provident fund to repay the mortgage. And if parents don't pay the housing provident fund, and their children can't use their own provident fund to help their parents pay the mortgage, they can only pay it back in cash. However, if children want to help their parents reduce the pressure of mortgage repayment, they can also use their own cash to help their parents repay part of the mortgage and deposit the money directly into the bank card provided by their parents for repayment.
3. Can children's provident fund help parents repay loans or mortgages?
You can use it,
Parents can let their children be guarantors and repayers when they buy a house.
Information and process required for handling provident fund loans:
1. Lenders applying for housing provident fund loans need to submit a written application to the bank, fill in the housing provident fund loan application form and truthfully provide the following information:
(a) the applicant and spouse housing provident fund deposit certificate;
(2) the identity certificate of the applicant and spouse (referring to the valid residence certificate such as resident ID card and household registration book) and the proof of marital status;
(3) proof of stable family income and other proof of creditor's rights and debts that have an impact on repayment ability;
(four) the purchase of housing contracts, agreements and other valid documents;
(5) List of collateral, pledge, certificate of ownership, certificate of consent of the authorized person to mortgage and pledge, and certificate of collateral valuation issued by relevant departments;
(VI) The Provident Fund Center requires a third-party guarantor to provide a guarantee and pay the guarantee fee, and the borrower, the lender and the third-party guarantor * * * sign a tripartite contract.
(seven) other information required by the provident fund center.
1. The bank accepts and reviews the loan application with complete information in time and submits it to the provident fund center in time.
2, provident fund center is responsible for the examination and approval of loans, and timely notify the bank of the examination and approval results.
3. The bank shall notify the applicant to handle the loan formalities according to the examination and approval results of the provident fund center. The borrower and his wife sign a loan contract and related contracts or agreements with the bank, and send the loan contract and other procedures to the provident fund center for review. After the approval of the provident fund center, the entrusted funds will be allocated, and the entrusted bank will issue loans in full and on time according to the loan contract.
4. If the house is secured by mortgage, the borrower shall go through the mortgage registration formalities at the real estate management department where the house is located. If the mortgage contract or agreement is signed by both husband and wife and pledged by securities, the borrower shall hand over the securities to the management department or the joint center for safekeeping.
4. Can children's provident fund help parents repay loans or mortgages?
Recently, the new version of Shenzhen Housing Provident Fund Loan Management Regulations stipulates that children's provident fund can be used for parents to borrow money to buy a house or repay the loan.
The relevant person in charge of Shenzhen Housing Provident Fund Management Center said that in order to further improve the "intergenerational support" system of Shenzhen provident fund loans and reflect the interactive support among family members, the new regulations will support parents of their children on the basis that the original parents support their children's loans or repay loans. Parents can apply for provident fund loans to buy houses for their parents or repay provident fund loans.
The balance of children's provident fund account can be used by parents to apply for a higher loan amount; Or directly offset the principal and interest of the parents' provident fund loan to reduce the repayment pressure. This will help to realize the interconnection of inter-generational provident fund account balances and maximize the role of provident fund loans.