Core Viewpoint - The new "Commercial to Public Loan" policy in Hainan introduces a "Direct Transfer with Mortgage" option, aimed at reducing borrowers' interest burdens and enhancing the accessibility and benefits of the housing provident fund system [1][2]. Group 1: Policy Changes - The "Commercial to Public Loan" will now have two processing methods: "Direct Transfer with Mortgage" and "Self-Funded Settlement" [1]. - The "Direct Transfer with Mortgage" allows loan funds to be directly transferred to the original commercial loan bank after approval, while the "Self-Funded Settlement" requires borrowers to first pay off their original loans before applying for the public loan [1]. Group 2: Loan Limits and Eligibility - The loan amount for "Commercial to Public Loan" is determined by the lowest value among four criteria: the maximum public loan limit, the remaining principal of the original commercial loan, the calculated loan amount based on repayment ability, and 60% of the housing price indicated on the VAT invoice [2]. - The policy now covers a wider range of housing purchases, including new self-occupied homes, second-hand homes, affordable housing, and relocation housing [2]. Group 3: Application Process and Funding Mechanism - Applications for "Commercial to Public Loan" can be submitted through the "Haiyi Ban" app, the Hainan government service website, or at local housing provident fund service centers [2]. - The "Commercial to Public Loan" is linked to the individual loan rate; when it reaches 95%, a monthly limit of 500 million yuan will be implemented, and when it exceeds 110%, new applications will be suspended [2].

Core Viewpoint - Hainan Province has introduced a new policy for converting commercial housing loans to public housing fund loans, expanding the support range to include second-hand and affordable housing, and introducing a "direct transfer with mortgage" model to reduce borrowing costs [1][2]. Group 1: Policy Changes - The new policy adds a "direct transfer with mortgage" model, allowing borrowers to replace their commercial loans without needing to pay off the original loan first [1][2]. - The support range for the conversion of commercial loans to public loans has been expanded from only new commercial housing to include second-hand housing and affordable housing [1]. Group 2: Loan Processing Methods - The "direct transfer with mortgage" method allows the loan amount to be directly transferred to the original commercial loan bank account after approval, with the borrower registering a second mortgage on the property [2]. - The previous method, "self-funding clearance," required borrowers to pay off the original loan first and then re-register the mortgage for the public loan [2]. Group 3: Impact on Borrowers - The policy aims to alleviate the interest burden on borrowers by facilitating easier loan transitions [2]. - A linkage mechanism between the conversion loans and individual loan rates has been established to manage liquidity risks, with monthly limits and waiting lists implemented when individual loan rates reach certain thresholds [2].