House prices are getting higher and higher now. Many people choose to buy a house with a bank loan, but the loan belongs to the loan, and the down payment still needs to be paid by themselves. How much can the down payment be paid at least? What should we do if the down payment is not enough? Let's have a look!
1、 How much is the minimum down payment for buying a house
1. Prepare at least 20% - 30% down payment. Don't trust the zero down payment of developers. That kind of advertising is attractive. The developer will let you pay off the normal down payment in installments within one to three years. Generally, it is paid off in batches within one year. In this way, you have to pay not only the monthly payment of the bank, but also the installment down payment of the developer every month. In the early stage, your monthly payment pressure will be very great. Of course, this is more suitable for buyers with high income but no savings.
2. However, it should be noted that when signing the agreement, the developer will indicate that if you fail to pay off the down payment on time, the developer has the right to take back the house and will not refund all the money paid. Also, don't think developers are so kind to advance the down payment. Generally, the full purchase will be discounted, such as 9.5% or even lower. The down payment is 50% and 9.7% off, and 30% down payment is not preferential. If there is zero down payment, it will rise in the house price, which is not paid in advance for free and has interest.
2、 What if the down payment is not enough
1. The down payment is the first payment when buying a house. When buying a house, you can't get all the loans. You have to pay part in advance, and the rest is borrowed from the bank; Considering the repayment risk of the loan, the relevant departments will require the buyer to provide part of the down payment, that is, the individual will pay part of the house payment in advance to prove the repayment ability.
2. The borrower can perform the contract and always repay the principal and interest normally. There are no negative factors affecting the timely and full repayment of the loan principal and interest. The bank is fully confident that the borrower will repay the loan principal and interest on time and in full.
3. Loan to buy a house refers to the loan business in which the buyer applies for a loan from the bank with the building in the housing transaction as collateral, which is used to pay the house purchase money, and then the buyer pays the principal and interest to the bank in stages. Also known as home mortgage. But every month, not only the monthly payment from the bank, but also the installment down payment from the developer. In the early stage, your monthly payment pressure will be very great.