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The second house down payment suddenly increased by 10%. What should I do if I don’t have enough down payment?

Time: 2013-11-11         Source: Rong 360 original         Author: Yuan Yuan

Recently, Shenzhen and Shanghai have successively issued a new mortgage policy, which requires 70% of the down payment for the purchase of the second suite. This is a bad time. It is difficult to buy a house buyer who is preparing to buy a house in the near future. The second house down payment suddenly increased by 10%. How should the hundreds of thousands of gaps that come out be compensated?

Mr. Li of Shenzhen is also worried about this matter. He has already optimistic about a house with a total price of 3 million. He has finally made up 60% of the down payment, and now he has to pay 300,000 down payment. They are really powerless.

Mr. Li said that he belongs to “special need”. The first house was purchased in 2007. It is a one-bedroom apartment of 50 square meters. Now the child has grown up and has reached the age of school. The current house is not enough. . Mr. Li said that he and his wife are going to do a "fake divorce", so that the down payment can be made into three.

When the New Deal came out, there were not many people who had such a problem with Mr. Li. Many people also thought of using fake divorce to tide over the difficulties. However, there are many risks of fake divorce. It is not uncommon to accidentally make a fool of yourself. Therefore, I suggest that if you are in desperate need to go to the "fake divorce" step, you should also make a good agreement on the property and child support before signing the divorce agreement, so as to avoid accidents, and lose the wife and the soldiers.

 If the "fake divorce" road does not work, is there any other way to make up the down payment?

Rong 360 suggested that buyers, if the down payment is not enough, try the following methods:
  
If the individual has funds, bonds or stocks, you can choose to cash in to solve the urgent needs; if you can borrow money from relatives and friends to make emergency, it is the most economical way; the above methods will not work, buyers can also choose the following loan methods:

1. If you have a formal work unit, you can applyCredit Loans. The bank will approve the loan amount according to the borrower's personal qualifications, such as the nature of the work unit and the position. Generally speaking, the time limit for credit loans is less than 5 years, and the interest rate is up by about 20%.

2. Can apply for propertyMortgage. Real estate mortgage loans usually have an interest rate of about 30%, and the loan period is less than 10 years.

3. If there is a company under the name of the buyer, you can also apply for a business loan. OperatingLending ratesUsually up 30%, the loan period is usually 3-5 years.

It should be noted that the purchasers who have completed the online signing before the official implementation of the New Deal are not affected by the New Deal, and still deal with 60% of the second house down payment. If the purchaser is really unable to pay the increased 10% down payment, the buyer can negotiate to cancel the purchase contract, but because the policy adjustment is not force majeure, the party that destroyed the contract needs to pay a certain liquidated damages.

In order to prevent policy changes from causing the contract to be unsuccessful, it is best for buyers and sellers to make a written agreement on similar circumstances when signing the contract for the purchase of a house to fully protect their rights and interests.

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