Terminology explanation: Relay loan refers to a housing credit product in which parents are the owners of the purchased house and parents' children are the same borrower.

Advantages: The borrower's age plus the loan period can be appropriately extended, and it is not limited by the prescribed upper limit.

Disadvantages: There may be disputes over house property rights between parents and children, or there may be disputes over inheritance disposal between heirs. Some banks may show liabilities in their credit reports.

Applicable people: buyers with children over 50 years old, low income, high repayment pressure and no qualification to buy a house.

Qualifications of the applicant

(1) The borrower has a stable occupation and income and can provide proof of income.

(2)*** It is agreed with the borrower that the children are the only co-repayers of the house, and the joint repayment commitment is agreed to "undertake the agreed obligations of the borrower and the mortgagor in the loan contract.

Heli loan (the parents of the child with birth certificate are the same as the repayment person)

Explanation of terms: Heli loan refers to a housing credit product with children as the owner of the purchased house and their parents as the same borrower.

Advantages: The borrower has just joined the work, with low income and great repayment pressure. Parental guarantee can reduce the monthly debt ratio.

Disadvantages: After marriage, there may be disputes between parents and children because of property rights or property issues. Some banks may require borrowers to notarize their share of property.

Applicable people:/kloc-property buyers over 0/8 years old, with unstable income, heavy repayment pressure and parents' purchase restriction.

Qualifications of the applicant

(1) The borrower has a stable occupation and income and can provide proof of income.

(2)*** It is agreed with the borrower that the parents are the only joint borrowers, and it is agreed that the joint borrowers promise to "undertake the agreed obligations of the borrower and the mortgagor in the loan contract.