After the housing loan is paid off, buying a house again is generally not recognized as the first suite. According to the property identification standard, if you already have a property under your name, buying a house again belongs to applying for a second home loan. Or there is only one set of loans to buy real estate, and the second loan to buy a house is also a loan to buy a second suite. If you want to be recognized as the first suite, you can't have any real estate under your name. Only in this case will the bank recognize it as the first suite.

At present, China's preferential policies for the first suite, such as the minimum down payment can be as low as 20%, and the loan interest rate is relatively moderate. However, if you buy a second house, the down payment ratio has reached more than 50% in some large and medium-sized cities, and the loan interest rate will also rise. Some cities restrict the sale of second suites. If the economic conditions are better, you can consider paying off the second suite in full.

Introduction of the first suite

The first suite refers to the purchase of only one set of housing (according to the national standard of the first suite). The People's Bank of China stipulates that urban residents in China can enjoy preferential policies such as preferential mortgage interest rate and minimum down payment ratio when purchasing the first home. On September 30th, 20 14, the People's Bank of China released the latest mortgage policy and decided to relax the identification of the first suite. For families who own 1 suite and buy a house after paying off the loan, the first suite policy is implemented, and the minimum interest rate for the first suite loan is 30%.

The so-called first suite must meet three conditions at the same time: 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 demolition and resettlement are excluded.

The above contents refer to Baidu Encyclopedia-First Suite.