To cope with the current rise in housing prices in Shanghai, a policy for purchasing second homes has been issued to increase the difficulty of buying a house and maintain a balanced housing price. So what are the down payment policies for second homes in Shanghai, and how to enjoy the policies when buying a second home? Do you know? Let’s take a look now.

1. What are the down payment policies for second homes in Shanghai

1. If you use a commercial loan to purchase a second home, the down payment you need to pay cannot be less than 50% of the appraised value of the house, and the loan is It cannot be higher than 50% of the appraised value; 2. If you use provident funds to buy a second house, the down payment you need to pay cannot be less than 40% of the appraised price of the house, and the loan cannot be higher than 60% of the appraised price.

2. How to enjoy the policy when buying a second house

1. How to turn the second house into a first house

① If you have a house in your name, then You can buy a house after paying off the house loan. At this time, it can be regarded as buying the first home. However, this method is only suitable for areas where the loan is not recognized, and you need to understand the local policies.

② If you sell your original house, there will be no real estate in your name. If you buy a house at this time, it will be your first home. However, this method is suitable for areas where the property is recognized but not the loan.

2. What are the benefits of turning a second home into a first home

① We all know that the down payment required to purchase a first home will be lower, which can alleviate the pressure on home buyers. And you can enjoy a 20% discount on the loan interest rate.

② For example, if you need a loan of 1 million yuan to buy a house, and the loan term is 30 years, you can enjoy a 15% discount, that is, the interest generated will be about 750,000 yuan, and If you buy a second house, the interest required is about 1.02 million yuan, which is more than a little different.

What are the down payment policies for second homes in Shanghai and how to enjoy the policies when purchasing a second home? Do you understand it? When buying a second home in Shanghai, depending on the nature of the loan, the The down payment required is also different, and you need to understand it clearly when buying a house.