According to the regulations of the central bank, the loan amount available when buying a second-hand house should be determined according to the evaluation price. After the buyer applies for a loan from the bank, the bank will appoint an appraisal agency to evaluate the house and get an appraisal value. Shanghai

It should be noted that the appraisal price given by the appraisal agency may be quite different from the market price of the house, and the market price may be only 80%-90% of the actual transaction price. This requires us to prepare the difference between the expected loan amount and the actual loanable amount in addition to the down payment when buying second-hand houses.

Expected loan amount = actual loan amount+price difference