news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

this year, with the continuous adjustment and optimization of real estate policies, 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, relevant departments in many parts of the country have recently issued risk warnings. so, what exactly is "zero down payment" and "ultra-low down payment"?

170,000 yuan down payment becomes 20,000 yuan

what are the shady operations behind the “ultra-low down payment”?

the so-called "zero down payment" or "ultra-low down payment" home purchases generally refers to the situation where home buyers rely on real estate developers or intermediary agencies to advance loan payments without making any down payment in advance or making a down payment far lower than the policy-specified ratio, or by inflating the price of the house and then obtaining a down payment from the bank in the form of a mortgage loan.

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 personal housing loans", which stipulates that for households that purchase commercial housing with loans, the minimum down payment ratio for the first commercial housing loan for personal housing is adjusted to no less than 15%. it can be seen that "zero down payment" or "ultra-low down payment" are both explicitly prohibited by the policy.

however, when the reporter searched for "buying a house with zero down payment" or "buying a house with ultra-low down payment" on many social platforms, he was able to find relevant pages involving real estate projects in many cities across the country.

in order to verify these reports, the reporter visited several real estate projects in zhengzhou, henan province, in the name of a home buyer, and found that some real estate projects did promise "ultra-low down payments" with a down payment ratio 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 sales staff, the prerequisite for 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 based on a total price of 1.14 million yuan. by signing a yin-yang contract and inflating the total price, the bank loan amount can be increased, which is equivalent to directly "loaning" the down payment.

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

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

developers or intermediary agencies offer discounts simply to attract buyers and speed up sales to recover funds.

the biggest gimmick of “zero down payment” and “ultra-low down payment” is to allow home buyers to buy a house at zero cost or at the lowest cost. is this really the case?

the reporter found that the most direct impact of using "zero down payment" or "ultra-low down payment" on home buyers is that the monthly payment 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 more than 5 years, the monthly repayment amount is 3,865.32 yuan in equal installments of principal and interest.

if the real estate salesperson recommends that the entire 970,000 yuan house price be used as a loan, the monthly payment will be 4,547 yuan in equal installments of principal and interest, and an additional 682 yuan will be required each month, an increase of 17.6%;

if the repayment is made in equal installments of the principal, after paying the down payment normally, the total interest paid in 30 years is 477,471 yuan. however, after increasing the loan amount, the total interest will be 561,731 yuan, which is more than 84,000 yuan more.

in addition, since the house price marked in the contract and invoice is higher than the actual price, additional taxes and fees will be generated during the house purchase process.

lou jianbo, director of the real estate law research center of peking university, said that "zero down payment" will not really reduce the payment burden of home buyers.

"the final payment is the same, but if you add the loan interest, the final payment is definitely more than the down payment."

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

mr. tian from guangdong had previously taken a fancy to a house in huizhou. eager to settle down, he followed the salesperson's advice on using "zero down payment" even though he did not have the ability to buy the house. he thought he could "get on the bus first and buy the ticket later" and solve the repayment problem 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 required, the monthly repayment amount is much higher.

because he impulsively used "zero down payment" to buy a house and lacked planning for subsequent repayments, mr. tian soon defaulted on his mortgage.

expert: banks provide loans with "zero down payment" and "ultra-low down payment"

ultimately, it is the interests of depositors that are harmed

during the loan process, can the bank identify problems with house prices and avoid such phenomena from happening?

to this end, the reporter contacted the relevant person in charge of the bank branch that originally processed the loan for mr. tian.

however, the other party stated that the contract price was the basis and there was no requirement for review, "just like going to the vegetable market to buy vegetables."

according to the commercial bank law and other laws in my country, commercial banks have a legal obligation to review the borrower's loan qualifications, guarantee conditions, loan purposes, etc. at the same time, the industry already has a relatively mature mechanism for reviewing housing prices.

relevant people said that for banks, the risk of "zero down payment" should not be underestimated.

a few banks have issued loans for "zero down payment" home purchases due to lax review and other reasons, which seems to have increased business volume. in fact, since "zero down payment" is often accompanied by loan fraud methods such as submitting false information to the bank, the loans have flowed to people who do not have the ability to buy a house. it has also exacerbated the financial leverage effect, increased the uncertainty brought about by market fluctuations, and made it more likely that banks would suffer losses due to borrowers' inability to repay or abandonment of loan repayments, increasing the risk of bad debts.

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 deposit in banks. if the money cannot be recovered, it will ultimately harm the interests of depositors. (cctv finance)