Mortgage interest-free policy
Interest-free policy depends on whether local policies have relevant regulations. However, we can buy a house directly. If we participate in interest-free activities, and the so-called interest-free is National fiscal discount interest. Mortgage interest-free is generally divided into three situations:
1. The home buyer is a high-end talent who meets national regulations and can apply for a lower mortgage interest rate;
2. The home buyer applies When it comes to government-owned houses and affordable housing, the policy will help buyers provide part of the funds for house purchase;
3. There are preferential policies for first-time home buyers in the area where the house is located.
Mortgage interest-free is a policy after the tax reform. Six special deductions have been added to the policy, including the interest-free policy for the first home. The longest interest reduction period does not exceed 240 months. It can be fully The interest rate is reduced by RMB 240,000. However, it should be noted that this is a special subsidy from the state. It is not available in all cities or to all first-time home buyers, and all conditions stipulated by the state need to be met. Currently, 14 cities have introduced relevant subsidy policies, but they are still divided into various levels. The amount of the subsidy increases gradually based on the undergraduate education level.
:
1. A house with property rights means that the state and an individual have joint ownership of the property, usually "50-50" or "30-70" ”, citizens can “redeem” property rights. The selling price of this type of house is usually relatively low, and the quality is no less than that of commercial housing, making it more friendly to families with low incomes.
2. As long as the lender meets the requirements stipulated by the state, it can be processed. However, the conditions vary slightly from place to place, so the local bank shall prevail. In fact, interest-free does not mean that there is really no interest, it is just because there is policy support. The general process is that the government and banks jointly provide loans, and then the Ministry of Finance pays the interest to the bank that lent you the loan, so it becomes an interest-free loan for this group of people.
3. Interest-free loan is an interest-free loan. An interest-free loan is a form of credit activity in which banks or other financial institutions lend monetary funds according to a certain interest rate and must be returned. The interest rate is under the agreed conditions. Either free of charge by banks, or paid by the government or corresponding institutions.
Chongqing’s first home loan policy
The soaring housing prices in Chongqing have put a lot of pressure on home buyers. Everyone wants to buy a house of their choice, but it is too difficult for ordinary office workers. . Buying a house with a loan is a very popular practice nowadays, and first-time home loans can enjoy many preferential policies. Let’s take a look at Chongqing’s first-time home loan policies!
Chongqing first home loan policy
1. Buying a first home can enjoy preferential mortgage loan interest rates. However, to purchase a first home, the buyer must be over 18 years old and the purchase is 90 square meters or less. Ordinary houses can enjoy a 1% discount on the deed tax rate.
2. The home buyer does not have a separate house in his name, except for the house purchased and settled with his parents.
3. According to the current national preferential policies, you can enjoy a 30% down payment discount when purchasing a first home. However, bank deposits and interest rates have been continuously raised this year, and it is now difficult to get a 30% down payment discount.
What is the down payment ratio for the first home in Chongqing?
1. The first home is a family unit and uses commercial loans, which can get 70% of the appraised value of the house. (The appraised price is lower than the market price. For example, if the market price of a house is 1 million, and the appraised price is only 800,000, then you can borrow 70% of the 800,000, which is 560,000, and the remaining house payment of 440,000 will be used as a down payment).
2. If you are buying a house for the first time, you can get a loan of 80% of the appraised value of the house, provided that the house area is within 90 square meters, and 70% if it exceeds 90 square meters. According to the adjustment, currently in cities with no purchase restrictions, only 75% of the first-time home purchase can be borrowed. The provident fund has no rating, and generally only 800,000 can be borrowed.
3. You can also get a discounted interest rate when buying your first home, which is 85% of the base interest rate. Now, when applying for a commercial loan, it not only depends on whether there is a property in the family's name, but also whether it has been purchased before. Loan records.
Editor’s summary: This is a brief introduction to Chongqing’s first home loan policy. I hope it will be helpful to everyone! First home loans have certain preferential policies, so you can learn more about the benefits before buying a house. policy.
Preferential policies for first-time home loans in 2022
The lower limit of commercial personal housing loan interest rates for first-time homes will be adjusted to no less than 20 basis points less than the market quoted interest rate for loans of the corresponding period. Calculated based on the latest (i.e. April 2022) LPR quote of 4.6% for a term of more than 5 years, that is, the first home loan interest rate is not less than 4.6%. The first home loan interest rate can be as low as 4.4%.
The first home loan interest rate reduction will not be reduced for those who have already purchased the home, which means that it will have no impact on the owners of the homes that have been purchased.
This policy adjustment is mainly aimed at newly issued commercial personal housing loans. The interest rates of existing commercial personal housing loans will still be based on the original contract.
This means that the lower limit adjustment range for personal housing commercial loans does not include second homes, and does not apply to individual families who have already taken out a mortgage loan for their first home
Buy house loans and mortgages, disability Are there any preferential policies for people?
Whether they are disabled or normal people, as long as they meet the loan conditions, they can apply for a buyer's mortgage loan, but there are no preferential policies.
Mortgages can be divided into existing mortgage loans and pre-construction mortgage loans.
Existing property mortgage means that the borrower borrows money to purchase an existing property and uses the existing property as collateral. An off-plan mortgage is a mortgage loan provided by a financial institution to buyers who purchase an off-plan building (a building that has been pre-sold before completion, such as a whole building, strata or units), and is secured by the borrower's rights according to the home purchase contract.
Extended information
The specific procedures for home buyers to apply for real estate mortgages are as follows:
(1) Select real estate. If buyers want to obtain real estate mortgage services, they must first select the real estate. You should focus on understanding this aspect. When home buyers learn from advertisements or introductions from salespeople that mortgage loans are available for some projects, they should further confirm whether the properties developed and constructed by the developers are supported by banks to ensure the smooth acquisition of mortgage loans.
(2) When applying for a mortgage loan, after confirming that the property of your choice is supported by the bank’s mortgage, the home buyer should learn from the bank or the bank’s designated law firm about the bank’s regulations on the mortgage loan support for the home buyer. Prepare relevant legal documents and fill out the "Mortgage Loan Application".
(3) After signing the house purchase contract, the bank receives the legal documents related to the mortgage application submitted by the house buyer. After reviewing and confirming that the house buyer meets the conditions for the mortgage loan, it will issue the buyer a loan consent notice or a mortgage loan commitment letter. . Home buyers can sign a "Commercial Housing Pre-sale and Sales Contract" with the developer or its agent.
(4) After signing the real estate mortgage contract, the buyer signs the house purchase contract and obtains the proof of payment of the house payment, and signs the "Building Mortgage Loan Contract" with the developer and the bank with the relevant legal documents prescribed by the bank. Clarify the mortgage loan amount, term, interest rate, repayment method and other rights and obligations.