What are mortgage and provident fund? Please join us, thank you!

"Mortgage" has two meanings: mortgage of real estate and installment repayment mean that the mortgagor transfers the property right of the real estate to the mortgage beneficiary (bank) as repayment guarantee, and after repayment, the mortgage beneficiary transfers the property right of the real estate back to the mortgagor. Specifically, the mortgage loan refers to the purchase of the building as collateral to obtain loans from the bank, and the purchase of the house pays the bank in installments according to the repayment method and time limit agreed in the mortgage contract; Banks charge interest at a certain rate. If the lender defaults, the bank has the right to take away the house. Mortgage loan for house purchase can be divided into narrow sense mortgage and broad sense mortgage. Narrow sense of housing mortgage loans can be classified from two aspects. One is that it only refers to the contents of mortgage loan contracts in a series of contracts; The other refers to the contract content of property buyers buying houses by mortgage rather than without mortgage. According to this concept, all the contracts mentioned above, except those signed by buyers and developers, belong to narrow sense mortgage. House mortgage in a narrow sense includes the procedures for the buyer to apply for a house loan from the bank, house price evaluation, mortgage procedures, mortgage guarantee, home insurance procedures, down payment ratio, loan interest rate, loan term, loan repayment method, default treatment clauses and other specific contents. Under the mechanism of indefinite house mortgage, there is also a loan credit guarantee for the buyer. In a narrow sense, the core contents of housing mortgage loan are mortgage procedures, down payment ratio, loan interest rate, loan term and repayment conditions. House mortgage in a narrow sense directly affects the direct interests of two or three parties (including real estate companies) and many parties (including insurance companies and real estate appraisal agencies). A good housing mortgage loan mechanism should make the narrow sense of housing mortgage loan the most efficient, including the number of procedures, the length of time, the size of risks, fairness and so on. House mortgage in a broad sense should include not only all the contents of house mortgage in a narrow sense, but also the direct environmental mechanism and real estate transaction price mechanism to realize house mortgage in a narrow sense. Specifically, it includes real estate price mechanism, real estate transaction price mechanism (mainly referring to transaction taxes and fees and transaction procedures), real estate valuation mechanism, government's support policies for narrow housing loans (such as government interest subsidies), narrow housing mortgage loans, insurance mechanism for bank housing mortgage loan liquidity, default handling mechanism (including default handling clauses), second-hand real estate trading market (also known as real estate tertiary trading market), legal mechanism and housing welfare insurance mechanism. The core idea of the broad sense of the house purchase mechanism is to create conditions for the narrow sense of the house purchase mortgage. According to their own national conditions and their actual understanding of the generalized mortgage mechanism for housing purchase, countries implement their own generalized mortgage model. The difference of these models will directly affect the level of housing development in these countries, and will also have a significant impact on the financial, legal, economic, social and cultural mechanisms of some related countries. The relationship between narrow housing mortgage and broad housing mortgage is that narrow housing mortgage is a necessary condition for broad housing mortgage, and broad housing mortgage is an environmental mechanism for narrow housing mortgage to be realized. Without the existence of a narrow mortgage loan operation mechanism, it cannot be called a broad mortgage loan mechanism. Without the guarantee of generalized mortgage mechanism, narrow mortgage is impossible to realize. The difference of broad mortgage mechanism directly affects the content and operation effect of narrow mortgage mechanism, and affects the economic interests of both sides of narrow mortgage. It should be a housing provident fund loan. Whether it is an administrative institution or an enterprise, individuals who pay the housing provident fund (if there are other conditions, they should consult the local housing provident fund management department) can apply for loans from the local housing provident fund management center when buying a house or renovating or maintaining it, and the loan interest rate is low! ! Much more cost-effective than bank mortgage! !