1, housing provident fund withdrawal application
For people with large housing provident fund balance and insufficient down payment, they can try to borrow short-term funds from the private sector first, and then apply for withdrawing the provident fund to repay the borrowed short-term funds on the grounds of buying a house, which may solve the urgent need of buying a house.
2. Apply to the bank for a "salary loan"
For the staff of government agencies, institutions or enterprises with relatively stable income, if the down payment is not enough when buying a house, they can apply for a "salary loan" from the bank, which can be used for personal consumption or buying a house, but the loan period is generally less than 3 years and can only be used for short-term emergency.
3. Cash the securities in advance.
For those who like to buy stocks, funds, bonds and other securities, only when the down payment is not enough and money is urgently needed can these securities be cashed out. Maybe they will lose some income, but there is no way out.
4, the old house as a pledge loan.
Old houses can also be used as pledge loans, which are used to pay the down payment for new houses. However, for property buyers, the repayment pressure will be even greater, which is equivalent to two loans for new houses and old houses. The mortgage interest rates of old houses is higher and the loan period is shorter. At the same time, it should be noted that the house pledged for loan cannot be too old, otherwise the loan cannot be obtained.
Summary of the article: The above is the answer to "What should I do if the down payment is not enough to buy a house", hoping to bring some reference help to friends in need. For more housing loan information, please continue to pay attention to other related introduction information of Qijia. Or consult local financial institutions.