Down payment 10% to buy a house is crazy on the internet. Down payment 10% of friends who buy a house have a heated discussion. What is the down payment 10%? With the deepening of property market regulation, the real estate market began to enter the downward channel. In order to attract property buyers, in addition to the regular price reduction promotion, developers are still "working hard" on the down payment. A few days ago, there was a "10% down payment" in Shenzhen, that is, buyers only need to pay 10% down payment, and the remaining 20% is paid in advance by developers. The reporter also learned that there are not a few properties with similar practices in Guangzhou. Bankers and real estate experts said that developers pay down payment for buyers, and in the "bear market" of falling property prices, the risks of banks and buyers and sellers should not be underestimated.
With the deepening of property market regulation, the real estate market began to enter the downward channel. In order to attract property buyers, in addition to the regular price reduction promotion, developers are still "working hard" on the down payment. A few days ago, there was a "10% down payment" in Shenzhen, that is, buyers only need to pay 10% down payment, and the remaining 20% is paid in advance by developers. The reporter also learned that there are not a few properties with similar practices in Guangzhou. Bankers and real estate experts said that developers pay down payment for buyers, and in the "bear market" of falling property prices, the risks of banks and buyers and sellers should not be underestimated.
Down payment for buying a house 10%: hot discussion among netizens.
Paulus _ Lee: # Down payment for buying a house 10% # Attention! Can down payment 10% become a common practice? I hope to know the real inside story and deep perspective behind the news.
Mr-_ right _: # Down payment for buying a house 10% # The average price is about 30,000 yuan. Based on a 66-square-meter two-bedroom apartment, the total price is about 2 million yuan, with a down payment of 300,000 yuan, a down payment of 10% of 200,000 yuan, another 10% paid by the developer, and another 1 0% paid within one year, which requires a monthly payment1. 80,000, then there is a loan of 6.5438+0.4 million, and the monthly payment for 20 years is about 654.38+0. 20,000 deposit less than 500,000 and monthly salary less than 30,000, please ignore this news directly ~ ~ At present, the rent for a small two-bedroom apartment in Dongmen District is about 3,500 yuan/month. Which is cost-effective?
Fashion Silly Pig: # Buy a house down payment 10% # Shenzhen house prices will definitely fall, which is a matter of time. There is too much foam. Many ordinary families can't afford high housing prices and high interest rates!
MEIL public rental housing: # down payment for buying a house 10% # If you can't hold it, the buyers will hold it. As long as you hold on, developers will not hold on. It is we who will benefit in the end.
Dark sky ZYQ: # down payment for buying a house 10% # I have seen it. The room is small and the noise is crazy. There are 24 families on each floor, like a painting. The salesgirl likes to ignore it. Whoever loves to buy it, I won't buy it anyway.
Chivalrous world: # down payment for buying a house 10% # down payment 10% and the developer's advance payment actually increase the financial risk of the bank to some extent! Developers do not choose to reduce prices in pursuit of benign cash flow; But choose to transfer risks! Really hateful!
detailed description
10% down payment, once a common speculation in real estate in 2007, reappeared in Shenzhen property market after a period of silence. China securities journal reporter found that this 10% down payment or even low down payment is different. Real estate speculators can even get a mortgage with zero down payment by cooperating with the intermediary. And some banks have applied the preferential loan policy of one suite to the second suite.
detailed information
On June 24th, 2009, china securities journal reported that real estate speculators can get mortgage with down payment 10% or even zero down payment. It is also pointed out that some banks use the preferential loan policy for one suite to purchase two suites.
"The phenomenon of" down payment 10% "in Shenzhen this time is rooted in the" New Deal "of personal mortgage implemented at the end of 2008, that is, the preferential policy of 30% interest rate for the first suite and 20% down payment. In addition, in order to resist the financial crisis and increase domestic demand this year, China's loan policy is relatively loose, which makes it possible for the phenomenon of' down payment 10%'. " Xiang Kaibiao, deputy director of the Institute of Urban Management and Economic Development of Guizhou University, said in an interview with China Sankei Shimbun. Xiang Kaibiao said: "This low down payment phenomenon is a highly leveraged mortgage financing method, which enables real estate speculators to buy more properties with less principal and sell them at a profit after the house price rises, so as to achieve the purpose of boosting real estate speculation with small and broad."
According to some data, "the total price of a house is 6.5438+0 million yuan, and whether the bank should lend 800,000 yuan or 700,000 yuan will be reviewed by the bank according to the personal loan credit of the buyers. However, developers can raise housing prices. For example, if the house price contract is written as1125,000 yuan, the lender can lend 80%, or 900,000 yuan. Then the bank lends money, and the developer accepts the down payment of the property buyer125,000 yuan and gives the lender a discount of125,000 yuan. For the lender, the down payment is 65,438+10,000 yuan and the loan is 900,000 yuan, which is exactly the down payment of 10%. "
Cause of occurrence
The "zero down payment" and "10% down payment" used in 2007 reappeared in Shenzhen property market after a period of silence. According to industry insiders, in the tightening stage of the credit policy in the property market, the bank's review of loans is more stringent; Now that the loan policy is relaxed, the task of commercial banks' mortgage is aggravated, it is not difficult to supervise the yin-yang contract, and it is not difficult to understand the situation of reducing the down payment.
With the madness of Shenzhen property market, more and more investors are active again. These investors are willing to pay down 10%, make quick profits with less funds, and make rich profits when the house price rises. China securities journal reporter pretended to be an investor, and found that many investors who are familiar with intermediary companies are looking for a down payment of less than 20%, in order to buy more real estate with less principal, and sell it to earn more profits after the house price rises, so as to realize small and broad.
For big investors, intermediaries are also actively trying to attract them. The mortgagor of a small intermediary told china securities journal that they can now cooperate with the mortgage appraisal company to raise the appraisal price of real estate and make a "yin-yang contract". Using the difference between the bank's higher evaluation price and the seller's lower purchase price, the buyer can even realize "zero down payment".
"If the appraised price of a house with a price of 1 10,000 yuan is 1 25,000 yuan, then after applying for an 80% mortgage, the customer will only pay a down payment of110,000 yuan." The mortgagor said that investors who buy multiple properties at one time often apply for loans from different banks. For this highly leveraged mortgage financing method, in today's rising house prices, it has once again become a popular way for Guangzhou-Shenzhen investors to speculate on real estate.
A personal loan manager of China Industrial and Commercial Bank said that it is difficult for banks to monitor the "yin-yang contract" in mortgage purchase. The contract obtained by the bank is a contract with high evaluation price, and it is impossible for the bank to verify the price of each property one by one.
As early as the second half of 2008, some new buildings in Shenzhen and Guangzhou launched low down payment promotion methods. However, the operation mode of "low down payment" is different. Sales staff of some real estates in Shenzhen said that the low down payment means that banks take the initiative to provide 90% mortgage to eligible civil servants or some employees of Shenzhen institutions, claiming that they can use credit loans and credit cards to repay loans without interest. The bank will pay the remaining 10% down payment for customers before repossession.
In Guangzhou, the insufficient down payment is paid in advance by the developer. No matter how much the total purchase price is, these methods can handle the purchase and mortgage formalities as long as a certain deposit is paid, and the first balance is generally paid interest-free in installments within two years after occupancy.
Bank-related sources said that in the down payment transaction, property buyers and developers privately signed a real transaction contract. However, the contracts for registration and accreditation are all contracts for inflated housing prices. In this case, it is difficult for banks to supervise this "yin-yang contract". This kind of "yin-yang contract" is illegal, and in theory, banks can pursue relevant liability compensation. This practice relaxes the threshold for buyers, thus increasing the personal credit risk and the bank's lending risk.
expert opinion/advice
Xiang Kaibiao, deputy director of the Institute of Urban Management and Economic Development of Guizhou University, said: "This phenomenon of low down payment is a highly leveraged mortgage financing method, which enables real estate speculators to buy more real estate with less principal, and sell it for profit after the house price rises, so as to boost real estate speculation by making it small and broad." Xiang Kaibiao said: "One of the most important problems in the subprime mortgage crisis in the United States is that the mortgage down payment is too low. The premise that banks dare to lend is that house prices can continue to rise (the appreciation of mortgage assets). Once there is a problem in the middle, the risk is very high. "
In May and June, the price of first-hand houses in Shenzhen continued to rise further. It is in this case that investors began to appear frequently. Compared with home buyers in the first three months of 2009, the proportion of investors increased in April and May.
Guo Tianyong, a professor at the Central University of Finance and Economics, said in an interview with China Sankei Shimbun: "With the recovery of the market, the expectations of all parties for the future have changed, and there will be some irregular practices."
Niu Fengrui, director of the Urban Development and Environment Research Center of China Academy of Social Sciences, told China Sankei Shimbun: "Profit and risk coexist. Banks should strictly control the quality of mortgage loans and should not relax supervision just to increase the total amount of mortgage loans and improve the efficiency of banks. "