The difference between new and second-hand housing loans
1 year is different.
The loan period for new houses is long, while that for second-hand houses is relatively short. The loan period for a new house is 30 years, but the loan period for a second-hand house is limited by the age of the house, so it is often impossible to borrow for 30 years. The older the second-hand house, the shorter the loan period.
2 Different taxes and fees
Compared with new houses, second-hand houses need to pay more taxes and fees. In addition, the standard of deed tax collection for new houses and second-hand houses is the same, but it is different in taxable value. The new house is multiplied by the corresponding deed tax ratio according to the total house price. Second-hand houses are multiplied by the corresponding deed tax ratio according to the transaction price, evaluation price or guidance price. New house: taxes and fees such as deed tax, house maintenance fund, property fee, parking fee and heating fee need to be paid. Second-hand house: main taxes and fees such as deed tax, personal income tax, loan guarantee fee and agency fee need to be paid.
3 different quotas
The down payment for new houses is generally calculated by multiplying the total house price by the corresponding down payment ratio, and the maximum loan amount can reach 70% or 80% of the total house price; Second-hand housing down payment and loan amount are affected by the evaluation price of second-hand housing. Generally, the evaluation price of second-hand houses is lower than the market price, which is 80%-90% of the market value of second-hand houses, and some houses will be lower.
In addition, the loan transaction procedures for new houses and second-hand houses are different, and the procedures for new houses are simpler, because many procedures for new houses are handled by developers, while many procedures for second-hand houses need to be completed by buyers and sellers themselves, so they are relatively cumbersome.