The loan interest rate for second-hand houses will not be higher than that for new houses. Because when applying for a home loan, whether the house is a second-hand house or a new house will not affect the interest rate of the mortgage. Therefore, there is no saying that the interest rate of a second-hand house loan is higher than that of a new house. What really affects the housing loan interest rate is related to the home buyer. It mainly depends on whether the property purchased is the first or second home.

Generally, the loan interest rate for a first home is raised by a certain percentage based on the central bank’s benchmark loan interest rate, while the national requirement for a second home loan interest rate must be more than 1.1 times the benchmark loan interest rate. Therefore, the loan interest rate for the second home is higher than the interest rate for the first home. In addition, the down payment ratio for the second home is also higher than that for the first home, with a down payment ratio of at least 60% required.

What is the difference between buying a new house and a second-hand house?

1. The taxes and fees paid are different

Taxes and fees are a big expense for home buyers. , although compared with the housing price, this tax is only a small expenditure, but most home buyers feel that they do not want to pay it, but they have to pay it. New house transaction taxes mainly include deed taxes, public house maintenance funds, etc. Second-hand houses are subject to deed tax, value-added tax, personal income tax, etc. However, in comparison, the taxes and fees required for new homes are generally much lower than for second-hand homes.

2. The transaction process is different between complex and simple ones

New house transactions are mainly between buyers and developers, while second-hand house transactions often involve buyers, sellers, intermediaries, etc. Transactions are carried out by three parties, and the situation of each second-hand house is different, so consumers need to investigate one by one. By comparison, the transaction process for new houses is relatively simple, while the transaction process for second-hand houses becomes more complicated.

3. Different supporting facilities in the surrounding areas

With the development of the city, housing in the city center is becoming increasingly scarce, so new houses are mainly concentrated in the urban fringe areas. The supporting facilities are often not perfect enough, so although the cost of housing prices has decreased, the cost of living and housing in the later period has greatly increased. Because most of the areas around new houses in the suburbs are developed slowly, with incomplete supporting facilities and not very convenient transportation, the cost of living is increased invisibly.

For second-hand houses, the living area around the house has been formed and the supporting facilities are basically complete, so the cost of living will be reduced accordingly. In addition, the community environment and community atmosphere of second-hand houses can be seen and felt by home buyers.

4. The risks of buying a house are different

When buying a new house, the parties involved include developers, house buyers, banks, and housing bureaus. If the new house purchased by the house buyer is off-plan, the main risks are These are problems such as delayed delivery, changes in plans by developers, unfinished real estate projects, etc.; if the new house you buy is an existing house, the main risks are the quality of the house, failure to obtain the real estate certificate, property services, etc.;

In contrast When buying a second-hand house, the parties involved include owners, home buyers, intermediaries, banks, appraisal agencies, and housing authorities. If you buy a second-hand house, the main risks come from problems with the house itself, the intermediary, and the seller. Due to the complicated process of purchasing a second-hand house, risks may arise in every link, making the probability of risk occurrence higher.