Down payment ratio of house purchase
1. According to national regulations, as long as it is the first house, the down payment cannot be less than 30% of the total house price. For example, if you want to buy a house with 1 10,000 yuan, then your down payment should be at least 1 10,000 yuan * 30% = 300,000 yuan.
2. Although there are regulations, as long as you take 30% of the total house price, there is still a loan problem. Take the above-mentioned house with a total house price of 6,543,800 yuan as an example. If the provident fund loan is adopted, both husband and wife can borrow up to 450,000 yuan, then the remaining house price must be paid down, that is, 6,543,800 yuan-450,000 yuan = 550,000 yuan, that is, the down payment is 550,000 yuan.
3. If you use commercial loans, you need to check your family income and repayment ability to see how much you can borrow. The total house price minus the loan amount is also the down payment.
4. The standards in each region are different. The general situation is this: for the first suite, the down payment for commercial loans is 30%, and the provident fund loan is 20% (within 90 square meters). 30% beyond 90 square meters); In the case of the second suite, the minimum down payment for the purchase of real estate is 50%; For three suites, banks that need loans may not issue loans according to the house price; Otherwise the minimum down payment is 30%.
Policy provisions on down payment ratio
In the Notice of the General Office of the State Council on Forwarding the Opinions of the Ministry of Construction and Other Departments on Adjusting the Housing Supply Structure and Stabilizing Housing Prices, since June 1 2006, the down payment ratio of individual housing mortgage loans shall not be less than 30%. Considering the housing needs of low-and middle-income people, the down payment ratio of 20% will still be implemented for those who buy self-occupied houses below 90 square meters.
What if the down payment is not enough?
In the case of insufficient down payment, buyers can choose the following ways:
1, borrow money from relatives and friends
If you don't have enough money to buy a house, you can borrow money from relatives and friends to ease the temporary pressure. China people have always had a strong sense of affection and friendship, and relatives and friends often help each other when the economy is convenient. Buying a house is a major event in life. If relatives and friends are willing to support, that is the best thing. Lack of money for down payment, take the initiative to borrow from relatives and friends! Of course, when borrowing money from relatives and friends, we must reasonably measure each other's financial affordability, sign formal IOUs, and repay on time. This will not cause emotional harm between relatives and friends for economic reasons.
Step 2 Seek parents' support
Young people still have to rely on their parents to buy a house. After all, they have to work hard on their own for many years. It is a reality that young people have just entered the society and their economic strength is not enough. It may be inevitable to buy a house at this time. If parents are in good financial condition, they have an idle fund, which is not needed for the time being. You can ask your parents for help. If you lend money to yourself, you also need to write a debit note, which will be calculated according to the bank interest. This is also putting pressure on yourself. Young people don't really eat old money when they buy a house. They just used their parents' money and paid it back to their parents in time, which is more convenient.
3. Apply for credit loans reasonably.
Today's society is a society that pays attention to credit. If you have friends with good credit, there are many things you can't do. If an individual has a stable job and good credit. You can apply for a credit loan to make up for the lack of down payment. With the development of financial industry in recent years, the credit loan business of banks has developed well. The difficulty of applying has been much less. If an individual's salary is paid by the bank and he has a good job, the credit loan he can apply for is basically equivalent to five to ten times his monthly income, which is also a lot of money. This method is suitable for people with higher income, because after buying a house, not only the mortgage, but also the credit loan, and the pressure of repayment in the later period is relatively high.
4. Realize the securities held by individuals.
If you have the habit of buying some securities, you can realize some securities when you don't have enough money to pay the down payment. If you buy fund stocks, paper gold, etc. On weekdays, you might as well cash these securities to offset the down payment at this time. Although eager to cash out may lose some income, it is a way to borrow money. In fact, if we think according to financial thinking, the way of realizing the securities held by individuals. In addition to selling, you can also choose mortgage, which may be a better way to realize cash, especially if the amount of securities held by individuals is relatively large.