Over time, at a certain age, many people want to have their own house and a warm home. No matter how big or small, the most important thing is to give themselves a sense of belonging. However, the biggest problem in front of us is the down payment. For many young people who have been working for a long time, the down payment for house purchase is undoubtedly a large amount. So, what if the down payment is not enough?
What is the down payment ratio of house purchase?
At present, cities have different requirements for the proportion of down payment. According to the previous provisions of the central bank, in cities that do not implement the "purchase restriction" measures, the minimum proportion of down payment for commercial personal housing loans for resident families to buy ordinary housing for the first time is 25% in principle, and all localities can float down by 5 percentage points to support reasonable housing consumption and promote the steady and healthy development of the real estate market. At present, the minimum down payment ratio of housing provident fund loan is only 20%. Theoretically, it can be loaned to 80% of the total purchase price, the maximum loan amount is 400000 yuan, and the maximum loan term is 30 years.
What if the down payment is not enough?
1. Clever use of housing provident fund
For people with a large balance of provident fund, they can try to apply for withdrawal of provident fund through house purchase procedures to repay advance institutions. In this way, the cost is much lower than the lump sum down payment. There is only about one month's short-term disassembly interest. Maybe to a certain extent, we can save a down payment or solve the problem of lack of down payment.
2. Apply for salary loan
For institutions and personnel with relatively stable income, they can apply for 'salary loans'. In addition to public institutions and staff, this part of the loan can be used for personal consumption or house purchase. The loan term is generally less than 3 years.
3. Realization of marketable securities
If you buy funds and stocks in your life, you can sell them when you need money. Although you may lose part of your income if you realize them in a hurry, this is also a way when you can't borrow money.
4. Use the old house as a pledge to buy a new house
Pledge the old house to obtain a loan to pay the down payment, and a large amount of loan can be obtained in actual operation. However, this means that two loans are repaid at the same time, the loan interest rate obtained by pledge is higher, and the loan life will be shortened. It should be noted that the age of the pledged house should not be too long.
5. Those with insurance can apply for policy loans
If you buy commercial insurance, it is also feasible to borrow through an insurance policy. Moreover, the policies of many insurance companies can loan, but there will be certain risks and amount restrictions. Consult the insurance company. It should be noted that this has undoubtedly added a loan to yourself. You must measure your repayment ability.
6. Realization of other loans
Mortgage loans, credit loans, consumer loans, etc. are also a common way, but this is applicable to short-term loans and small loans, because you have to carry two loans. If the repayment cycle is too long and the amount is too large, the repayment pressure may be relatively large.
In addition to the points mentioned above, interested buyers can consult state-owned holding banks to strive for certain concessions in commercial loans and credit card consumption, which is also a common way. It's not easy to buy a house, and it's OK and cherished. For the down payment to buy a house, we must be within the scope of our ability to make profits. Otherwise, it will not only increase our repayment pressure, but also reduce our living standards.