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Q:

Loan to buy a house, what will happen if the house price drops sharply?

A:

First of all, if house prices plummet, from the bank's point of view, buyers' loans will still be repaid.

According to the decline, there are two situations:

1. The appraised value of the house is not less than the loan amount. There are two options:

A. Under normal circumstances, banks will not ask to make up the difference because the market price of houses is lower than the original evaluation price.

For example, if the down payment falls by more than 30%, one option is to continue to repay the loan. For example, in Shenzhen in 2008, although some speculators or real estate speculators defaulted, most people still gritted their teeth and continued to repay the loan as usual, and a large number of signs of default did not happen;

B. another option is to cut off the supply and leave voluntarily, but this will face greater risks. Once blacklisted, it is basically hopeless to apply for loans and credit cards. In the future, and it is a bit of a loss.

Moreover, even after the confession is cut off, it does not mean the end. After more than three months, the bank will apply for seizure and auction of the owner's property through legal channels. If the auction price is less than the loan owed to the bank, the bank will also apply for the buyer's deposit and other assets to make up the difference.

2. If the appraised value of the house is lower than the loan amount, the bank will ask the lender to make up the difference, otherwise the bank has the right to ask the buyer to pay off the principal and interest of the difference in advance. If you don't cooperate, the house may be taken away.

For example, a gentleman borrowed 6,543,800 yuan from a bank and bought a house. When the house price drops to 500,000, there is a difference of 500,000 between the loan of 6,543.8+0,000 and the loan of 500,000, so the value of the house is not enough for the mortgage loan of 6,543.8+0,000, and he needs to take another 500,000 or equivalent assets to the bank to make up the difference.

At this time, Mr. A will owe more and more to the bank. The bank may take Mr. A's property, but it's not over yet. Mr. a still needs to make up the shortfall.

The real risk is:

1.30% down payment is fake, and many short-term investors may also borrow down payment, so once the house price plummets, they may have financial difficulties, and it is difficult to add additional guarantee or pay off the difference principal and interest in advance.

2. The property is illiquid, so it can't be sold, realized or left, and the capital chain is broken.

Second, what should I do if the house loan falls?

If the house price drops sharply, but the appraised value of the house does not fall below your loan quota, the bank will not give you any trouble as long as you repay the loan normally.

If the appraised value of the house is lower than the loan amount, the bank will directly ask the borrower to make up the difference, otherwise the bank has the right to ask you to pay off the principal and interest of the difference in advance. If the borrower refuses to cooperate, the bank can take the property directly.

Third, the loan to buy a house, what will happen if the house price drops sharply?

1. First of all, house prices will not fall so fast, which will cause economic turmoil.

2. And with the sharp drop in house prices, many people will not repay their loans, so credit information will be affected. Banks will also suffer losses.