Is the interest on buying a second house higher than that on the first house?
The interest on the loan to buy a second house is higher than the interest on the first house. The mortgage interest rate of the first suite is lower than that of the second suite, so the mortgage interest of the second suite is always higher than that of the first suite under the same loan amount. Of course, there are also special circumstances, such as the first suite applying for commercial loans and the second suite applying for provident fund loans, so the interest of the second suite may not be higher than that of the first suite.
When applying for mortgage, users can choose provident fund loans or commercial loans. If you meet the requirements of provident fund loans, it is recommended to apply for provident fund loans first, but if you can't apply for provident fund loans, then apply for commercial loans. In addition, the down payment ratio of the first home loan and the second home loan is also different, and the down payment ratio of the second home loan is higher.
Therefore, if you can apply for provident fund loans to buy a second apartment, you should give priority to applying for provident fund loans, and the loan interest rate of provident fund loans is lower than that of commercial loans.
Will the interest rate of provident fund loan for buying a second suite increase?
The interest rate for buying a second home with provident fund loans will increase. The interest rate for purchasing the second house with the housing provident fund loan will be increased by 1. 1 times according to the benchmark interest rate. If the loan is over 5 years, it will be 0 times of 1.65438+3.25%, that is, 3.575%, but some cities will calculate it as 3.58%. Relatively speaking, it is a little higher than the first suite, but because the interest rate of the provident fund loan itself is not high, it is actually very cost-effective. If conditions permit, it is also a good choice to buy a second suite with a provident fund loan.
Can I still get a loan if I have two sets of loan houses under my name?
There is a loan room in the name, and two sets of loans can be made. If the first suite is a commercial loan, then the second suite can apply for a provident fund loan or a commercial loan. The first suite is a provident fund loan. On the premise of outstanding loans, the second suite can only apply for commercial loans. Whether applying for commercial loans or provident fund loans, the loan interest rate and down payment ratio of the second suite are higher than those of the first suite.
It should be noted that because different banks apply for a second home loan with different floating interest rates, when applying for a loan, you can go to several banks for consultation and choose a suitable bank for loan, so that the interest will be less later.
Finally, whether you buy a house or apply for a loan, you should proceed from your own economic strength and do what you can, and the loan application requirements for the second suite will be much stricter than those for the first suite, so you can consult the bank in advance and prepare the required materials in advance.