There's a little secret to reducing the repayment pressure when you buy a house. Yes, you're right. You can apply for a Provident Fund loan, including a used room, if you have to meet certain conditions

What are the terms of the two-bedroom equity loan

Let's look at the terms of the Provident Fund loan application. First condition, you need to keep your letters good! At the time of application, you are required to provide a letter of request, which does not include a recent overdue account of the loan, which will result in the non-adoption of the loan application. Secondly, it is important that the Provident Fund accounts remain in their normal condition. So, if you have a replacement plan, you need to keep the contributions to the Provident Fund account on a continuous basis, so as not to block the account for reasons such as separation. Next is the length of the contribution. The Provident Fund loan seeks from the applicant a continuous contribution of a certain amount of time and generally requires a continuous contribution of 12 months. Of course, policies vary from region to region, and you can consult in advance. The final condition was stable and sufficient income to guarantee full and timely repayment and to safeguard the interests of the centres. If you do not have sufficient income, you are likely to face the result of the rejection of the loan application by the bank。

The purchase of second-hand rooms also requires attention to several points. First of all, you need to know about the local housing policy, including the loan policy, the down payment requirement, the limited purchase policy, etc. These policies affect your decision-making and loan options. Secondly, you need to take fully into account your economic strength and your ability to repay, and to ensure that you are able to take on the loan pressure and other related costs of buying a house. And finally, you need to make it clear whether it's for your own good or for your investment, because it affects your choice to buy。