What is the difference between the first suite and the second suite?
1, interest rate difference. The loan interest rate of the second suite is much higher than that of the first suite. As far as provident fund loans are concerned, the interest rate of the second home loan is higher than the benchmark interest rate of the first housing provident fund loan by 10%. In some cities with restricted purchases and loans, the down payment ratio of commercial loans is 20% for the first suite and 30% for the second suite.
2. Quota differences. The loan amount of the second suite is much lower than that of the first suite. According to the National New Deal, the maximum loan amount of the first-home borrower is 70% of the purchase price, with a down payment of 30%, and the down payment of provident fund loan can be as low as 20%, but the maximum loan amount of the second-home borrower is only 60%, with a down payment of 40%. The specific loan amount is also related to the qualifications of the borrower.
3. Differences in loan difficulty. The second home loan is much more difficult than the first home loan, especially when the funds are tight, it is often difficult to apply for a second home loan.
What should I pay attention to when buying a second suite?
1 and 2 suites can I use the provident fund?
According to the regulations of most urban provident fund management centers, under normal circumstances, when purchasing the first suite, if the purchaser has used the provident fund loan, but the provident fund loan has not been paid off, then when purchasing the second suite, the purchaser cannot use the provident fund loan or use the provident fund to repay the mortgage. However, if the property buyers meet the local purchase qualification and have paid off the provident fund loan for the first suite when purchasing the second suite, they can apply for the provident fund loan when purchasing the second ordinary self-occupied house.
2. Consult the loan bank in advance.
Although the bank's loan regulations are implemented in accordance with national policies, there must be some subtle differences between different lending banks in the provisions of housing loans. Before buying a house, it is best for buyers to consult the local loan bank in detail. The consultation contents mainly include the interest rate of the first home loan, the interest rate of the second home loan, the interest rate of new commercial housing and the interest rate of second-hand housing. In addition, property buyers should also pay attention to whether the current bank loan policy is tight or loose. If the loan policy is loose, it will be easier to apply for a loan.
3. Know the real estate situation in advance.
Although it is very simple to buy a new house now, and developers help with all the formalities, most developers have cooperative banks at present, and many developers are unwilling or even refuse to use provident fund loans for property buyers. Therefore, before buying a house, buyers need to know what kind of loans their favorite real estate supports, and which one or several specific cooperative banks are.