Legal subjectivity:

If you have already purchased your first home with a loan and plan to continue to purchase another home with a loan, this is called a second home. The loan policy for a second home is different from that for a first home. So, what is the loan term for a second home? Today, the editor of the website has compiled the following content to answer your questions, and I hope it will be helpful to you. At present, the policies of various banks are different. The general loan term for second home is 20 years. Criteria for the identification of “second house”: 1. Having purchased a house with a loan, having paid off the commercial loan, and then taking a loan to buy a house – this is considered the first house. If the loan is not settled - it counts as two sets. 2. There are commercial loan records for two houses in one's name, one has been paid off and the other has not been paid off. At this time, the refinancing is considered to be more than two houses. 3. One of the couple used a commercial loan to buy a house before marriage, and the other used a provident fund loan to buy a house before marriage. After marriage, if the two people want to take out a joint loan in the name of the couple, if the loan has been paid off, the banking financial institution can Specific factors such as the borrower's solvency and credit status should be used to flexibly grasp the loan interest rate and down payment ratio; if the loan is not repaid - it is considered to be a second home or more. Acknowledging a loan but not recognizing a house. Acknowledging a loan but not recognizing a house means that when defining a second home, if the buyer has registered information on a loan to buy a house in the bank's credit system and the loan has not been paid off, then the buyer will be defined when applying for a loan to buy a house again. The house is a second home or more; if all the loans have been paid off, even if the buyer already has a house under his name, banking financial institutions will still implement the first home loan policy; if the buyer has two or more houses under his name and they have been paid off When applying for a home purchase loan and applying for a home purchase loan, banking financial institutions can flexibly control the loan interest rate and down payment ratio based on specific factors such as the borrower's solvency and credit status. Suppose you have a house in your name and have no loan or have paid off the loan. When you buy a house again, you can enjoy the first home loan policy, but if the loan is not paid off, the second home policy will be implemented. It is worth mentioning that the standards for identifying first, second, and third homes are all based on the family unit. A family is composed of three types of people: the person, spouse, and minor children. As long as a family has an outstanding mortgage loan before buying a house, The second and third suites are also based on family units. If you have bought a house with a loan, and the commercial loan has been paid off, then you can take out a loan to buy a house, which is considered your first house. If the loan is not paid off, it counts as a second set. If your situation is more complex, the website also provides online lawyer consultation services, and you are welcome to seek legal consultation.