If the mortgage down payment is not enough, you can't borrow from the bank. As we all know, generally, at least a down payment should be paid before buying a house, and the rest of the house can be applied for a bank loan. The down payment for a new house usually needs to pay 30% of the house. In order to control the loan risk, the bank will pay part of the down payment when applying for a loan, and the individual needs to pay part of the house payment first to prove that the lender has the ability to repay the remaining loan.

What are the benefits of the first home loan?

1. Low down payment ratio

The first suite has the lowest down payment ratio. Generally, the national minimum down payment is 30%. Of course, every city and bank will fluctuate. If it is a second suite, the down payment ratio will be higher; If it is the third suite, many places refuse to lend.

It should be noted that the first suite is aimed at residence. If it is an apartment, there is no such thing as a first suite, and there is no limit to loans!

2. The deed tax is relatively low.

If it is the first suite, you only need to pay 1% deed tax below 90 square meters, and 1.5% deed tax above 90 square meters; If it is a second suite, only 1% deed tax is required for units below 90, and 2% deed tax is required for units above 90; If it is three suites or above, there is no discount, and it is all 3% deed tax.

3. The interest rate of the first home mortgage is low.

This year, the interest rate of the first home mortgage has risen to 15-20%. Many people don't know that the interest rate will also rise, and they all think that the interest rate of the first suite is the lowest. In fact, floating interest rates are not stipulated by the state, but determined by banks according to the market, so there will be floating interest rates and discount interest rates. But in any case, the interest rate of the first suite is definitely lower than that of the second suite, whether it is discounted or floating.