There are many cases of zero down payment being cheated in life. Today, Bian Xiao will show you a case of zero down payment being cheated.

It is understood that the so-called "zero down payment" purchase is a kind of financing, that is, lending institutions help borrowers to purchase houses for financing, which can raise 500,000 to 800,000 yuan. The specific operation is that the lending institution purchases real estate in the name of the borrower, helps the borrower to make a down payment, and then applies for a bank loan.

At first, the lending institution will say that it is only a virtual house purchase, not a real house purchase. However, after the loan comes down, the borrower not only has to pay back the mortgage of the bank, but also the down payment paid by the lending institution, often with high interest, and it will be too late to regret it.

Half a year ago, Xiao Li saw an advertisement for an intermediary to buy a house with "zero down payment". The intermediary company and the real estate agent paid a down payment, so he can buy a house with zero down payment and apply for a mortgage loan after buying a house. Xiao Li was very moved. After submitting the ID card, household registration book, work certificate, bank running water and other materials, the bank made a smooth loan.

According to the contract, Xiao Li needs to pay 4 points of interest for the down payment paid by the intermediary every month, plus the money paid by the bank mortgage and the real estate agent, Xiao Li is under great pressure to repay every month. In addition, Xiao Li thought that the real estate mortgage loan was borrowed from the bank, but it turned out to be a loan from a small lending institution with a high interest rate. In the end, Xiao Li could not afford it and could only ask the court for help.

The above is about buying a house with zero down payment. I hope it will help everyone!