Buying a house after paying off the mortgage is not the first set. The so-called "first suite" must meet three conditions at the same time: the buyer 18 years old; The house you bought is an ordinary house of 90 square meters or less (ordinary houses of 90 square meters or less enjoy preferential deed tax rate1%); There is no house purchased alone or jointly with others under the name of the purchaser. However, housing purchased with parents, purchased in accordance with the housing reform policy, and acquired through inheritance or resettlement are excluded. According to Article 574 of the Civil Code: "If the loan period is less than one year, it shall be paid off when the loan is returned; If the loan term is more than one year, it shall be paid at the end of each year; If the remaining term is less than one year, it shall be paid off when the loan is returned. "

Settle the original mortgage, is it the first mortgage or the second mortgage when buying a house?

Whether buying a house after paying off the mortgage is the first set or the second set depends on local regulations. Generally, there are three kinds of policies: loan-denying and housing-denying.

1. If the loan is rejected, it will not be decided by the number of houses owned by the family. As long as the second-home buyers pay off the first loan, the second loan will be determined according to the first suite.

2. If the house is not recognized as a loan, as long as the buyer proves that there is no house under his name, whether there is a housing loan record or not, it can be recognized according to the first suite. Similarly, if there is already a suite under the name of the property buyer, whether the suite is purchased in full or by loan, whether the loan has been paid off, and then buying a house depends on the second suite.

3. If the loan is also recognized, it depends on both the number of houses owned by the family and the housing loan records under the names of family members. As long as the customer has a suite or housing loan record, buying a house again is considered as a second suite.

It should be noted that most cities "recognize loans but not houses" or "recognize loans and recognize houses". The number of housing units can be inquired and identified through the credit information system of China People's Bank and the housing provident fund management system.

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What is the difference between the first suite and the second suite?

1, poor down payment ratio

In some cities with restricted purchases and loans, the down payment ratio of commercial loans is 30% for the first suite and 50% for the second suite.

2. Differences in loan interest rates

Now mortgage interest rates are rising all over the country. Many people find that the interest rate of the second suite is definitely higher than that of the first suite, so the loan interest rates of different banks, different cities, first suite and second-hand housing are different.

Is buying a house the first suite after the loan is settled?

No, it should be the second suite.

The Notice on Standardizing the Second Set of Housing Identification Standards in Commercial Personal Housing Loans has corresponding provisions:

Article 3 In any of the following circumstances, the lender shall implement the second or above differentiated housing credit policy for the borrower:

(a) the borrower applies for a loan to buy a house for the first time, and his family has registered one or more complete sets of housing in the housing registration information system (including the pre-sale contract registration and filing system, the same below) where the proposed house is located;

(two) the borrower has used the loan to buy a set (or sets) of housing, and applied for a loan to buy housing;

(3) The lender is convinced that the borrower's family already owns a house (or above) through due diligence in the form of credit record inquiry, face-to-face test and interview (home visit when necessary).

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Relevant laws of Notice on Standardizing the Second Set of Housing Identification Standards in Commercial Personal Housing Loans:

Article 4 Where a non-local resident who can provide a local tax payment certificate or social insurance payment certificate for more than 1 year applies for a housing loan, the lender shall implement a differentiated housing credit policy in accordance with Article 3 of this Notice.

For non-local residents who cannot provide local tax payment certificate or social insurance payment certificate 1 year or more, the lender will implement the second (or above) differentiated housing credit policy.

Fifth, the price of commercial housing is too high, rising too fast, and the supply is tight. Commercial banks can suspend the issuance of housing loans according to the risk situation and the relevant policies and regulations of local governments. Cities that have not yet established a housing registration system should speed up construction.