Second-hand housing mortgage loan transactions, the down payment is to be paid to the owners. This is a normal process. Because after you get the loan, the bank will also directly transfer the money to the owner's account. In this way, the down payment loan amount = total house price.

After the loan is completed, the house belongs to you, and you pay back the monthly payment of the bank.

General process of second-hand housing mortgage loan:

1. The buyer pays the down payment, the owner issues the receipt, and the buyer keeps the receipt.

2. Put forward the second-hand house mortgage to the bank.

3. After the bank agrees to the loan, the buyer and the seller go through the transfer formalities at the housing management office.

4. After the transfer is completed, take the house book to the Construction Committee for mortgage registration.

5. The Project Construction Committee issues other warrants and submits bank loans.

6. The loan applicant pays the monthly payment of the bank.

Note: You have to go to the bank to find out how much you can borrow for the second-hand house you want to buy. Decide how much down payment you have to pay. Because the down payment loan amount = total house price. In other words, the total house price minus the loan amount is the minimum down payment you have to pay.

Pay attention not to overdue repayment during the repayment period, which will leave a bad record in the personal credit information system and have a great impact on future loans. Seriously, banks don't accept loans.