1, the down payment ratio is favorable: the down payment of the first suite is much lower than that of the second suite. Generally, in cities with restricted purchases, the down payment ratio of the first suite is about 30%, and the down payment of the second suite may reach 40% or even 50%;

2. Preferential loan interest rate: The loan interest rate of the first suite is more favorable than that of the second suite. Generally, the interest rate of the first suite may be 5% ~ 10% higher than the benchmark interest rate, but if you buy a second suite, the loan interest rate may be 20% higher than the benchmark interest rate.

3. Deed tax preference: the deed tax rate of the first suite is determined according to the purchase area. For ordinary houses with an area of less than 90 square meters, the tax rate is only 1%, and for ordinary houses with an area of more than 90 square meters, the tax rate is only 1.5% or 2%; The second suite, regardless of size, is calculated at 3%.

The difference between buying a house for the first time and buying a house for the second time is as follows:

1, buying a house for the first time is called the first suite, and buying a house for the second time is called the second suite. The difference between the two is that the down payment ratio is different. In some cities with restricted purchases and loans, if it is the first suite, the down payment ratio of commercial loans is 20%, and the down payment ratio of commercial loans for the second suite is 30%;

2. The loan interest rate is different. Now mortgage interest rates are rising everywhere. Many people have also found that the interest rate of the second suite is definitely higher than that of the first suite, so the loan interest rates of different banks, different cities, first suites and second-hand houses are different.

3. The deed tax rate is different. For example, if an individual buys a family's only house with an area of more than 144 square meters, he only needs to pay the deed tax at the rate of 1.5%, buy two improved houses, pay the deed tax at the rate of 1% for those below 90 square meters, and pay the deed tax at the rate of 2% for those above 90 square meters. According to the relevant policies, the tax standard of housing transactions has changed, especially for first-time buyers, who can enjoy the tax reduction and exemption policy. Of course, the necessary premise is to provide proof of the first purchase.

To sum up, buying a house for the first time can not only enjoy the deed tax reduction policy, but also exempt other taxes and fees and reduce the loan interest rate.

Legal basis:

Notice on adjusting the preferential policies of deed tax and business tax on real estate transactions

(a) for individuals to buy the only family housing (family members include the purchaser, spouse and minor children, the same below), with an area of 90 square meters or less, the deed tax shall be levied at a reduced rate of 1%; If the area is over 90 square meters, the deed tax shall be levied at the reduced rate of 1.5%.