Many people now apply for bank loans when buying a house, but if they want to buy a second house, can they continue to apply for a bank loan for the second house? What issues should you pay attention to when buying a second home?

1. Can I get a loan for the second house?

1. You can apply for a loan to buy a second house. However, in some cities, there may be loan restriction policies for houses. In this case, you won't be able to get a loan.

2. According to relevant regulations, if you have bought the first house and obtained a bank loan, but the loan has not been paid off, you can also apply for a second house loan in this case. But compared to the first house, the down payment ratio will also be increased, generally 50%. At the same time, the loan interest rate for the second house has also been adjusted, and it will pay more interest than the first house.

3. Whether you can apply for a loan to buy the second house is also related to your qualifications. For example, when you repay the first house, if there is an extension, or the usual credit report It’s not particularly good. When applying for the second house, the bank had every reason to refuse the loan.

2. What issues should be paid attention to when buying a second house?

1. When buying a second house, if you want to apply for a loan, you must understand the local loan policy. . Because many cities are now under purchase restrictions, if the conditions are not met, you may not be able to buy a second house. Many people have this problem. When buying a house, they are anxious and have paid a deposit, but If the application is not approved when applying for a loan later, you will not be able to buy a house.

2. If the first loan application is provident fund, then when buying the second house, you can use a commercial loan to apply for it, which may not meet the conditions of provident fund loan.

The editor summarizes: When buying a second house, you need to pay attention to many issues, such as whether you can meet the loan conditions. At the same time, the down payment ratio of the loan has also been increased, and the interest rate has also been adjusted.