Nowadays, there is more demand for house purchase, but in the face of high house prices, especially in the first tier cities, such as Shanghai, it can be said that every inch of land is worth every inch of money, but not a few people have the conditions to buy second homes. So, what's the down payment ratio of second suite in Shanghai in 2019? Let's have a brief understanding of the relevant information.
What's the down payment ratio of second suite in Shanghai in 2019
The second set of housing refers to the housing loan house identified by the borrower's family as a unit, the average housing area of the borrower's family is lower than the local average level, and the down payment ratio of the second set of housing in Shanghai in 2019 is as follows: the down payment ratio of the first set of housing purchased by resident families applying for commercial personal housing loan shall not be less than 35%.
The proportion of down payment shall not be less than 50% for the households who apply for commercial individual housing loan and purchase ordinary self housing; the proportion of down payment shall not be less than 70% for the households who purchase non ordinary self housing: those who have no housing in the city but have commercial housing loan records or provident fund housing loan records; those who have owned one set of housing in the city.
What's the down payment ratio of second suite in Shanghai in 2019
It should be noted that there are differences between provident fund loan centers and commercial banks in the recognition of second set of housing. Banks recognize both houses and loans, while provident fund centers only recognize houses but not loans. In other words, if the first set of housing is sold after mortgage purchase and the new house is purchased, provident fund loans can also be used, which is quite good for many people.
We should remind you that when we handle loans, we should prepare all relevant application materials in advance. There are many steps in the loan process, and the transfer and mortgage take a long time. Timely preparation of relevant materials can help us to complete the process as soon as possible. Among them, income proof materials are not easy to handle, and single buyers are more likely to miss single proof.