For most people, when buying a house, they usually choose a loan to buy a house. And as far as a family is concerned, with the improvement of economic conditions, the increase of family members is often not limited to buying a suite. Then, in the case of a home loan, can you continue to apply for a loan to buy a house? Let's get to know each other.

Is there a room where I can borrow money to buy a house?

When buying a house, it depends on the nature of the loan for the first suite if there is a loan for one suite. In most areas, if it is a commercial loan, there is a loan for a suite, and it is generally possible to continue to borrow to buy a house; Some areas require that the first home loan must be settled before they can continue to borrow to buy a house. If it is a provident fund loan, you must first pay off the loan for a house before you can borrow again to buy a house.

In addition, the loan to buy a house, now many areas recognize the nature of mortgage, recognized loans. It is not that buying a house after the loan is settled is still the first suite, but it needs to be based on regional regulations. Some areas do not recognize loans, that is, as long as the loan is paid off, buying a house is still regarded as the first suite; For areas that recognize housing and loans, if there is already a suite under the name, whether the loan is settled or not, buying a house again belongs to buying a second suite. The down payment ratio of the first suite and the second suite is different. Often the down payment ratio of the first suite is 20% to 30%, and the second suite often requires a down payment ratio of at least 60%.

The above is about the introduction of mortgage, I hope it will help. Need to be reminded that in the case that the first suite has a loan to buy a house again, in addition to the down payment ratio, the user's loan amount will also be affected.