How much is the minimum down payment for buying a house
Now it's much easier to buy a house than before. Now there is at least one choice of loan. Originally, people can only buy a house with the full amount of money, which also puzzles many people. But buying a house with a loan doesn't mean full loan. The down payment needed for buying a house still needs to be paid by themselves, and the rest can be paid off slowly every month. However, some people will ask if the down payment can get a loan when the economy is in a slump? Let's take a look at the minimum down payment for a house? How to get a loan to pay the down payment?
What is the minimum down payment for a house?
There are many kinds of loans to buy a house, including provident fund loans and commercial loans. Each city is slightly different. For the first set, 20% of provident fund loans, 30% of commercial loans, and 40% for the second set of housing. There are differences between non ordinary houses. Before making a loan, you should first know how much money you have in your provident fund account and how much money your unit gives you every month.
Only when you know your own situation can you get a loan. Provident fund is a kind of welfare for employees, and the interest of loan is much lower than that of commercial loan. Generally, commercial loans can be combined with provident fund. If you want to borrow a lot of money, but your provident fund balance is not much, you can make a combined loan.
Determine their own provident fund, is to choose a house. Determine the total price of the house and the down payment. The total price minus the down payment is the loan. Down payment is not a loan, so you have to have some cash on hand. The general down payment is 30%. If you have more money on hand than 30% of the down payment, you can also give cash. The reason for this is to reduce the amount of money you borrow, because the loan requires interest. In terms of the total amount, the more cash you give, the less you borrow. Of course, this depends on your own situation.
How to get a loan to pay the down payment?
The minimum down payment for a new house is 30%, which depends on the economic ability of the buyers. It's better to pay in full, but not with the developers. The more down payment you can make, the less loan you can get, and the shorter the time you have to repay the goods, the less interest you will get.
Second hand housing is generally the lowest down payment of 20%. According to the national regulations, the minimum down payment of new housing is 30% of the total housing price, and the remaining 70% is bank mortgage. The way of installment payment is not what every developer will do, but also belongs to a marketing means and way.
If you don't make up the down payment to buy a house, the probability of success is almost zero. Most of the loans have to pay down payment to continue to apply for loans. There are also a small number of real estate projects that support down payment loans, but that is only a very small number. Moreover, the contracts signed during the loan can be unsatisfactory. The above is the minimum amount of down payment for buying a house? How to get a loan to pay the down payment? All of the introduction, I hope to help you.