People in cities are under great pressure to buy a house. When it comes to buying a house, they feel like a "slave" carrying a loan. As interest rates rise, mortgage interest rates also rise quietly, making us feel even more stressed about car purchase funds. How to calculate zero down payment interest on a loan? Everyone must know this knowledge.
What are the regulations for zero down payment interest on loans
In order to further support reasonable residential consumption and promote the stable and healthy development of real estate sales, in accordance with relevant arrangements of the State Council, on personal A new policy has been introduced for residential lending, with a down payment of as low as 20%. To purchase a property, you need to look at the following down payment ratio: 1. The house itself does not have a loan, or the seller has completed the mortgage repayment: If it is the first time the buyer purchases a house, a credit check should be done before February 2 With good qualifications, you can borrow up to 70% of the house value. After February 2, the minimum down payment for recent real estate loans is 20%, and you can borrow 80%.
2. If the house seller fails to repay the loan and requires the buyer to cooperate in repaying the loan: It is recommended that you go through the fund supervision procedures and then pay 30% of the down payment for the real estate loan. If the building area of ??the house is less than 90 square meters, you can make the down payment. Twenty percent. Most other banks will lend to you. Note that it is 20% of the price. (1) It is not 20% of your purchase price. (2) is 20% of the evaluation price. (3) In actual operation, you first determine how much the bank can lend you. Apart from what the bank can lend you, the rest is what you have to pay, which is the actual down payment.
How to apply for real estate mortgage loan
First find the house you want to buy, but the house must have clear property rights (the "House Ownership Certificate" has been processed), and Houses that meet the conditions required by government regulations to enter real estate sales and circulation. Select a real estate agency designated by the bank that can handle mortgage lending services (such as a real estate agency, a real estate agency), complete the property value evaluation work in the agency, and pay the property evaluation fee.
The house seller must provide the following materials: 1. Identity certificate and copy of the house seller (including the owner of the house), and proof of marital status; 2. The owner with the right to the house agrees to the sale. Written documents; 3. Valid certificate and copy of the ownership of the house being sold; 4. If the house has been rented, a document proving that the tenant agrees to the sale must be provided; 5. A certificate to ensure that the house being sold meets the conditions for sale.
The bank will check the authenticity, legality and compliance of the materials submitted by the buyer and the seller as well as the creditworthiness of the borrower. After passing the check, the bank will issue a "Loan Commitment Letter" to the buyer, and the bank will indicate The supply is a few percent and the mortgage loan is several years. The buyer deposits the down payment of the house purchase into the bank's designated real estate trading agency account, which is frozen by the bank. After the down payment is paid and the "Loan Commitment Letter" is signed, the house seller goes to Quanzhou Real Estate Transactions Handle house purchase and sale procedures. After the house purchase and sale procedures and the new "House Ownership Certificate" are processed, the house buyer signs a loan contract with the lending bank and handles related guarantee procedures such as pawn and property insurance. The loan contract comes into effect, the funds are transferred to the buyer's designated account, and then the buyer hands over the loan and down payment to the house seller.
After reading the editor’s article above about how to calculate zero down payment interest on loans, have you clearly understood it? I sincerely hope that the above content can help you.