Generally, the down payment is paid to subscribe the developer's property, and the down payment is paid within 7 days after signing the Subscription Agreement, and the Commercial Housing Sales Contract is signed at the same time. At this time, the subscription agreement is invalid. After that, all the materials needed for mortgage are handed in, that is, the bank applies for a mortgage loan, the bank approves it, and signs a mortgage loan contract with you, so that the loan can be dispersed, and the monthly payment will start after the loan is dispersed for one month.

What should I pay attention to when buying a house and paying a deposit?

1. Confirm the property nature.

If the house itself can't be traded, the deposit is easy to waste. Be sure to confirm the nature of the property. If it is an auction house, the developer should show the pre-sale permit. If it is an existing house, the developer should show the real estate license.

2. Paying the deposit is not a necessary procedure.

Don't pay the deposit easily in the process of buying a house. Because, before signing the commercial housing sales contract, there is no need to pay a deposit. In fact, if the buyers and sellers reach an agreement through consultation, they can directly sign a commercial housing sales contract. In this way, even if the commercial housing sales contract is not signed, the property buyers will not have too many losses.

Be sure to sign the agreement when paying the deposit.

When paying the deposit, you must sign a deposit agreement or a house purchase agreement with the developer or seller. You can't just make a verbal promise, even if you pay a deposit. If there is no agreement, the deposit has no legal effect.

4. Write down the word "deposit" to avoid disputes.

If the amount in the agreement is not clear and the word "deposit" is not written, it is easy to cause disputes; The advance payment, liquidated damages and deposit agreed in the agreement should not be confused. If it is written as "deposit", "advance payment", "subscription money" and "deposit", etc. Unless it is clearly stipulated in the agreement that it is a deposit, it has no legal effect.

5. The amount of the deposit must be within 20% of the transaction amount of the house, and the excess is not protected by law.

The amount of deposit shall be determined by both parties through consultation. If the agreed deposit amount is too high, the damage compensation obtained by the observant party may be too high to exceed its actual loss; If the agreement is too low, the performance of the contract cannot be guaranteed.