How to pay in installments when buying a house?

Different Payment Methods Payment methods are divided into one-time payment and installment payment. There are two situations of installment payment: one is that the buyer pays the house payment to the real estate developer in installments; Another situation is that the first installment of the buyer pays directly to the real estate developer, and the balance is paid by the bank to the real estate developer through the loan, and the buyer repays the loan to the bank in installments.

To understand this problem, when there is a dispute between the buyer and the real estate developer, it can be understood that the amount of compensation required by the real estate developer is different in the case of different installment payments. In the former case, it is the price paid by the buyer to the real estate agent; In the latter case, the entire payment is made for the house, not the down payment and the loan that has been repaid to the bank. The study of payment term The payment term is directly related to the interests of the buyer, and the author suggests that the buyer should make the first payment in this article, whether it is a one-time payment or an installment payment, and it is best to stipulate the time of the first payment as "within () days after the contract is completed and registered".

The advantages of this are: 1. Verify the authenticity of the "five certificates" provided by the real estate developer with the help of the record; 2. Check whether the house you bought has been mortgaged with the help of the record; 3. Create preconditions for loans to avoid real estate developers dragging their feet and not filing to affect the processing of loans; 4. Avoid the trouble of refunding when the contract cannot be filed. The term of the installment also comes in many forms:

If the buyer pays in installments, he usually pays the down payment first, and then pays the second money after receiving the notice of delivery from the real estate developer; If it is divided into three installments, the third payment will be paid within a certain period of time after moving in. In this way, the total payment paid by the buyer is usually more than the one-time payment, but at the same time, it can reduce the possible losses of the off-plan property, such as the "unfinished" house, and the price of the house exceeds the down payment and the buyer's own economic situation changes. Loan instalments usually take several years to pay off, and the key here is when the installment starts in addition to the down payment, in other words, when the lending bank hands over the buyer's loan to the real estate developer.

This time can start as soon as the loan is completed, or it can start when the house is delivered, and the latter is more beneficial to the buyer. Of course, how to pay is not wishful thinking on the part of the buyer, if the real estate developer does not have the strength to build a house with the buyer's money, they usually will not agree to the buyer's second installment payment time to hand over the house, in this case, the buyer can only decide whether to buy the real estate agent's house in addition to fighting. Different loan options Due to the large amount of money to buy a house, buyers who buy a house usually do not have the ability to pay for the house with the existing deposits, and can only do it by borrowing from the bank.

Hello! 20% or 30% or more down payment. It depends on your own situation and the requirements of the local bank for the lender.

It also depends on whether you buy a first-hand house or a second-hand house. Generally, the construction area is less than 90 square meters, and you can make a loan of 8%, but the lender needs to meet the loan conditions. This condition depends on the regulations of your local bank.

Generally, the first loan to buy a house can be made into a 7% loan. 2nd time to buy, 3rd, 4th time. It is based on your previous loan records and the comprehensive assessment of the credit bank.

Generally, you can borrow 7% for the second time, but basically you can't borrow 7% in the future. For example, if you buy a house of 300,000 yuan, and now make a down payment of 3 percent, which is 90,000 yuan, and then apply for a loan from the bank, and the bank will give you the rest of the money, and repay the bank interest plus principal every month.

Buying a house in installments means that you can get the right to use the house and move into the house by paying part of the money in advance, while the rest of the money must be paid off year by year within the specified number of years. Under normal circumstances, the buyer pays 30%-50% of the house price first, and the rest of the payment must be paid in 5 years or more. In the settlement of new houses, the installment payment method is as follows:

1. The first is the trading cycle. Homebuyers usually propose a suitable cut-off date based on the estimated time of their fundraising and agree with the landlord to determine it. Compared with bank mortgages and lump sum payments, the biggest feature of this installment transaction is that it has a longer period.

It generally takes 3 to 6 months from the determination of the intention to close the transaction to the delivery.

2. The time node of payment. There are generally 3 to 5 time nodes in the total installment transaction cycle. Among them, the last time node is the most important.

Generally speaking, this time node is also the date of delivery. The buyer is required to hand over the corresponding amount to the previous family within the specified time according to the contract. The requirements of the owners also vary in terms of the amount of money.

Individual owners require buyers to pay more than 60% of the down payment, and some of them have lower requirements, and the proportion of the down payment is reduced to 20% of the total house price, as long as it does not affect the signing and transfer of ownership in the end.

3. Liability for breach of contract. The liability for breach of contract in an installment transaction contract is similar to that of a mortgage transaction contract. If the buyer fails to pay the corresponding amount at the specified time, he or she must pay liquidated damages in proportion to the number of days equivalent to the total price of the house.

If the full payment is not paid within 7 days after the deadline, the owner has the right to claim liquidated damages equivalent to 20% of the house price from the next home, and has the right to unilaterally terminate the contract.

1. Pros and cons of installment payments.

1. Installment payment is recommended to be used when buying off-plan property. When the buyer pays the down payment, he signs a formal house sale contract with the developer, and when the house is delivered for use, he pays all the house payment and handles the transfer of property rights.

2. Installment payment for the purchase of an existing house. It is recommended that the delivery of the house be carried out at the same time as the payment of the house price, with the house being delivered first and the cash payment coming later. The disadvantage of installment payments compared to lump sum payments is that due to the high interest rate, the amount of the house will add up to be higher than the amount of the lump sum payment.

However, it can reduce the cost of capital, and if we compare inflation and personal income growth and ability to pay, installment payments are still more cost-effective for home buyers.

3. The payment method of installment payment should generally be agreed between the buyer and the seller in the contract, according to the progress of the project development, the payment of the house will be paid in stages, and only a small part of the final payment will be paid off when the house is delivered. The advantage of this is that the buyer may use the housing payment to urge and restrict the developer to develop the construction project at the agreed time, and at the same time, the buyer can also relieve the pressure of one-time payment.