news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

this year, as real estate policies have been continuously adjusted and optimized, many real estate developers and real estate agencies have introduced preferential policies, which have achieved certain results in some cities. however, the reporter noticed that in recent times,some developers and intermediary agencies have launched operations such as "zero down payment" and "ultra-low down payment" to attract home buyers.

in response to this situation, recently,relevant departments in many places across the country, including zhengzhou, nanning, shandong and other places, have successively issued risk warnings.so, what exactly are “zero down payment” and “ultra-low down payment”?

the risks and truth of buying a house with “zero down payment”

the so-called "zero down payment" or "ultra-low down payment" for home purchases generally refers to the situation where the buyer does not make a down payment in advance or the down payment is far lower than the policy-specified proportion.relying on real estate developers or intermediaries to advance loans,orby inflating the price of the house, they then obtain the down payment from the bank in the form of a mortgage loan.

recently, the zhengzhou housing security and real estate management bureau and the nanning housing and urban-rural development bureau have successively issued risk warnings specifically regarding "zero down payment".

since september, the shandong financial regulatory bureau has also issued a special reminder, clearly pointing out that some real estate developers and intermediary agencies have introduced a "zero down payment" home purchase strategy to attract buyers.however, behind these seemingly attractive offers, there are often huge financial risks that infringe on consumers’ property security and legal rights.。

since then, the sichuan banking association has also issued a convention requiring that consumers should not be misled by marketing gimmicks such as "zero down payment and zero monthly payment".

the secret operation of changing the down payment from 170,000 to 20,000

in may this year, the people's bank of china and the state financial supervision and administration bureau issued the "notice on adjusting the minimum down payment ratio policy for individual housing loans", which stipulates that for resident households who take out loans to purchase commercial housing,the minimum down payment ratio for the first commercial personal housing loan is adjusted to no less than 15%.

it can be seen that "zero down payment" or "ultra-low down payment" are both prohibited by the policy. so, can you really buy a house with "zero down payment" or "ultra-low down payment"?

recently, on many social platforms, searching for "zero down payment to buy a house" or "ultra-low down payment to buy a house" can reveal many related pages, involving real estate projects in many cities across the country. do these "zero down payment" and "ultra-low down payment" house purchases really exist? in order to verify these news, the reporter followed the introductions on the internet and visited several real estate projects in zhengzhou in the name of home buyers.

according to my country's current requirements, the down payment ratio for the first home must be no less than 15%, and the down payment ratio for the second home must be no less than 25%. currently, most cities are implementing this ratio requirement. the minimum down payment ratio for the first home in beijing, shanghai and other places is no less than 20%.

the reporter found through interviews that there are indeed some real estate projects in zhengzhou that promise "ultra-low down payments" of less than 15%. some sales staff even directly offered a down payment of 20,000 yuan after learning that the reporter did have the intention to buy.

according to the salesperson,the premise of a down payment of 20,000 yuan is that the contract and invoice for this apartment with a total price of 970,000 yuan must be signed according to the total price of 1.14 million yuan. in this way, by signing a yin-yang contract and falsely raising the total price, the bank loan amount can be increased, which is equivalent to directly "loaning" the down payment.there is absolutely no need to worry about any problems when operating it.

real estate salesperson: this is not the first case. others have already obtained the property deeds several years ago. don't worry, because your contract and invoice are consistent. what can you find out after checking?

a real estate agent: he didn't charge you more, but he dared to do so and even gave you an invoice at such a high price. if he dared to say this to you, it means he must have a successful case.

is “zero down payment” really “zero cost”?

developers or intermediaries offer discounts simply to attract buyers and speed up sales to recover funds. allowing buyers to buy a house at zero cost or at the lowest cost is the biggest gimmick of "zero down payment" and "ultra-low down payment". but in fact, is there really no cost for buyers?

the reporter found that the most direct impact of using "zero down payment" or "ultra-low down payment" on home buyers is:monthly payments and interest have increased significantly.

according to the house price shown to the reporter by the salesperson, after paying a down payment of 15% of the original price of 970,000 yuan, the remaining loan is 824,500 yuan, which can be repaid in 30 years. based on the latest lpr interest rate of 3.85% for terms over 5 years, the monthly repayment amount for equal principal and interest is 3,865.32 yuan.

if you follow the method recommended by the real estate salesperson and take the entire 970,000 yuan house price as a loan, the monthly payment for equal principal and interest will be 4,547 yuan.the monthly payment is 682 yuan more, an increase of 17.6%;

if you repay the loan in equal installments, after paying the down payment normally, you will pay a total of 477,471 yuan in interest over 30 years.the total interest is 561,731 yuan, more than 84,000 yuan more.

in addition, since the house price indicated in the contract and invoice is higher than the actual price,there will also be additional taxes and fees incurred during the home buying process.

lou jianbo, director of the real estate law research center of peking university"zero down payment" will not really reduce the payment burden of home buyers. the final payment is the same. if the loan interest is added,in fact, the money you pay in the end is definitely more than the down payment.

"zero down payment" and "ultra-low down payment" have many risks

the "zero down payment" and "ultra-low down payment" currently promoted by developers and intermediary agencies seem to help home buyers "get on board early", but in actual operation, they are full of risks.

mr. tian from guangdong had previously taken a fancy to a house in huizhou. he was eager to settle down, but he followed the salesperson's suggestion to use "zero down payment" when he did not have the ability to buy a house.i feel that i can "get on the bus first and buy the ticket later".the repayment problem will be solved in the future. so, after actually paying only a few thousand yuan, mr. tian signed the house purchase contract.

however, although there is no down payment, the monthly repayment amount is much higher. because i impulsively used the "zero down payment" to buy a house and lacked a plan for subsequent repayments,not long after, he was overdue on his mortgage.

the reporter found that the "zero down payment" method can easily increase home buyers' misjudgment of their own purchasing ability, greatly increasing the risk of default.

so, is it possible for the bank to find out the problems with house prices during this series of processes, so as to avoid such a phenomenon? to this end, the reporter contacted the relevant person in charge of the bank branch that originally handled the loan for mr. tian.

manager ye, head of loan business at a bank's huizhou daya bay branch：there is no requirement for audit in this regard. it’s like going to the vegetable market to buy vegetables. who will audit the prices?as the two parties to the transaction, the contract price shall prevail.

in fact, according to the commercial bank law and other laws of my country, commercial banks have a legal obligation to review the borrower's loan qualifications, guarantee conditions and loan purposes.the industry already has a relatively mature mechanism.

zhao xiuchi, vice president of beijing real estate law society：the bank will definitely review the value of the house. because the mortgage is secured by the house, the value of the mortgage must be reviewed. when evaluating, it is generally compared with the market price, the house price in the surrounding area, and of course the house structure and other aspects must also be considered, and then a comparison is made to determine a reasonable housing price.

relevant people said that the risk of "zero down payment" for banks should not be underestimated. a few banks have issued loans for "zero down payment" purchases due to lax audits, which seems to have increased business volume. but in fact, because "zero down payment" is often accompanied by fraudulent loan methods such as submitting false information to banks, loans flow to people who do not have the ability to buy houses, which also exacerbates the financial leverage effect, increases the uncertainty brought about by market fluctuations, and makes banks more likely to suffer losses due to borrowers' inability to repay or abandonment of loan repayment, increasing the risk of bad debts. therefore, before issuing loans, banks should also verify the authenticity of the source of down payments through reviewing bank statements, interviews, visits, etc.

lou jianbo, director of the real estate law research center of peking university: from the perspective of overall financial security, the money that banks lend to home buyers is actually the money that ordinary people like us deposit in banks.if the money cannot be recovered, the interests of the depositors will ultimately be harmed.