New house: the down payment for new house is generally 30% of the total house price. In the case of loose credit policy and good personal credit information, you can even make a down payment of 20%. Even for the second suite, the down payment ratio can be 30%.

Second-hand housing: Although the loan policies of second-hand housing and new housing are basically the same, second-hand housing will be affected by the evaluation price and age of the house. The longer the house, the lower the loan amount. The evaluation price of the school district housing may be slightly higher, but there is still a big gap with the market price. Second-hand housing can only be loaned to 70% of the assessed house price. Therefore, although some older second-hand houses can also be loaned, there is a high probability that the down payment ratio will be increased.

Second, the loan term is different.

New house: the loan period of new house can be about 30 years. Of course, it depends on the age of the buyer. Because the bank stipulates that the sum of the age and loan period of male applicants should not exceed 70;

Second-hand housing: Due to the influence of housing age, the longer the housing age, the shorter the loan time. Moreover, most banks stipulate that the age of second-hand houses plus the loan period should not exceed 40 years. If your house is 20 years, then the loan period can only be 20 years at most.

Third, the trading methods are different.

New house: the new house only needs to go to the developer to choose a house, pay a deposit and sign a house sales contract. Big developers also have banks to choose from, and developers are also responsible for handling mortgages.

Second-hand housing: buying and selling second-hand housing through an intermediary requires an intermediary fee, as well as a mortgage intermediary fee. If it is not through an intermediary, there are risks in self-trading, so it is best to ensure the safety of funds through fund supervision when buying and selling second-hand houses.

Fourth, taxes and fees are different.

New house: you only need to pay deed tax and maintenance fund to buy a new house, and you need to pay decoration deposit to the property when you move in.

Second-hand housing: In addition to not paying the maintenance fund, there are also expenses arising from personal housing transactions such as personal income tax and business tax. In the buyer's market environment, these expenses are basically paid by the buyer.

Fifth, the degree of program simplicity is different.

New house: lock the community, floor and apartment. After signing the contract, the developer will assist the buyer to handle all business.

Second-hand house: in the later period, we should keep looking for a house and looking at it, then bargain, sign a contract and collect the house. The program is relatively complicated. For busy people, a new house can save time and energy.