What if the down payment is not enough to buy a house?
1, borrow money from relatives and friends
This is the most common method. If you are lucky and your parents save money, you can consider asking your parents for support or asking relatives to help you. This way can be returned anytime and anywhere. However, buyers must also remember that it is not difficult to borrow again, no matter how much the loan amount is, it must be within their own affordability.
2. Resale valuables
Buyers who have used cars, houses or other valuables at home may want to sell them. Generally speaking, unless the gap is relatively large, this method may be adopted. The cycle of this cashback method is still relatively long. If you really need to use this method, you must find a good seller before buying a house.
3. Open source and reduce expenditure
Buyers should not only reduce unnecessary expenses, but also try their best to see if they can make more money. If there are many ways to make money, the pressure of life may be alleviated, such as funds, stocks or other financial management methods. If you are sure, you might as well try.
Can I get a loan if the down payment for buying a house is not enough?
1. Strictly speaking, the down payment for buying a house is not allowed. The down payment is the down payment when buying a house. You can't get a full loan when you buy a house. You must pay part of it first and borrow the rest from the bank. Now the requirement is to pay 30% of the house price. Because considering the repayment risk of the loan, the relevant departments will ask the purchaser to provide a part of the down payment, that is, the individual will pay a part of the house payment in advance to prove that you have the repayment ability.
2. One activity that some developers will launch is down payment by installment. The down payment installment means that the purchaser pays part of the down payment according to a certain proportion and signs a loan contract, and then makes up the remaining down payment within a certain period of time. The down payment paid by the developer is interest-free, and the customer only needs to sign the relevant contract with the developer, stipulating the installment repayment time and related liability for breach of contract.
In fact, many non-bank institutions can provide loans for the down payment of houses. You can apply for loans from these financial institutions to pay the down payment on your house.
4. Apply for a credit card, and just overdraw it when you pay the down payment. It is necessary to know in advance whether the bank allows the down payment to be swiped by credit card. After you have paid the down payment of the house with your credit card, you should remember to repay it on time to avoid overdue repayment, otherwise it will affect your application for a house loan in the future.
If you have a plan to buy a house, you should make a plan before buying a house. Usually, you have to increase sources and reduce expenditure economically, and avoid spending money lavishly. The above is about what to do if the down payment is not enough and whether you can get a loan if you don't have a plan to buy a house. If you have a plan to buy a house, you should consider and pay attention to the specific matters of buying a house and choose the real estate built by a regular developer.