How to pay for a house: A full analysis of the latest payment methods for buying a house in 2024
With housing price fluctuations and policy adjustments, payment methods for home purchases have become a hot topic recently. This article will combine the hot data from the entire Internet in the past 10 days to provide you with a structured analysis of the current mainstream home purchase payment plans and provide practical suggestions.
1. Recently searched list of payment methods for house purchase
| Ranking | Payment method | search index | heat change |
|---|---|---|---|
| 1 | Combination loan (provident fund + commercial loan) | 985,000 | ↑12% |
| 2 | Relay loan (parents and children repay the loan together) | 762,000 | ↑23% |
| 3 | Business loan replacement for housing loan | 658,000 | ↓8% |
| 4 | Developer installment payment | 543,000 | ↑45% |
| 5 | Rent-to-purchase model | 421,000 | →No change |
2. Comparative analysis of mainstream payment methods
| way | down payment ratio | Interest rate range | Suitable for the crowd | Advantages | risk |
|---|---|---|---|---|---|
| business loan | 20-30% | 3.8-4.3% | Stable income earner | Fast loan | interest rate floating |
| Provident Fund Loan | 20% | 2.6-3.1% | Deposited employees | lowest interest rate | Quota limit |
| portfolio loan | 20% | 2.6-4.3% | Those with insufficient provident fund | Flexible matching | The procedures are complicated |
| Full payment for house purchase | 100% | 0% | Those with sufficient funds | No interest | Fund occupation |
| Developer installment | 10-50% | 0-8% | Those who are short-term money-strapped | Low down payment | Developer risk |
3. The latest policy points in 2024
1.Provident Fund New Deal: The loan limit has been increased in many places, with the maximum loan amount in Guangzhou being 1.3 million yuan and the maximum loan limit in Nanjing being 1.2 million yuan for both husband and wife.
2.Interest rate dynamics: On August 20, LPR quoted 1-year term at 3.45%, and 5-year term and above at 4.2%. In some cities, the first-time interest rate can be reduced by 20BP.
3.Purchase restrictions relaxed: Chengdu, Hangzhou and other cities have canceled purchase restrictions in suburban counties, and Shenzhen has shortened the social security payment period requirements.
4. Suggestions on payment plans for different budgets
| budget range | Recommended plan | Monthly payment example (30 years) |
|---|---|---|
| 500,000-1 million | Provident Fund Loan + Family Subsidy | About 2000-4000 yuan |
| 1 million-2 million | Combination loan (provident fund + commercial loan) | About 4000-8000 yuan |
| 2 million-5 million | Business loan + partial commercial loan | About 8,000-20,000 yuan |
| More than 5 million | Full payment + mortgage loan combination | Flexible adjustment |
5. Risk warning and pit avoidance guide
1.Be wary of business loan risks: Recently, the China Banking and Insurance Regulatory Commission has been strictly investigating the illegal flow of operating loans into the property market, and those who use them in violation of regulations may be required to repay in advance.
2.Developer installment trap: The "5% down payment + installment payment" launched by some real estate companies may have the risk of thunderstorms, and the developer's financial status needs to be verified.
3.Things to note about relay loans: Parents who serve as co-borrowers need to pay attention to the age limit. Most banks require that the age of the primary lender + the loan period be ≤70 years old.
6. Expert advice
1. Prioritize the use of provident fund loans and make full use of policy low-interest benefits.
2. The monthly payment should not exceed 40% of the family income, and an emergency fund should be reserved.
3. Pay attention to local housing purchase subsidy policies. Recently, Shenzhen, Changsha and other places have launched housing purchase subsidies for talents of up to 100,000 yuan.
4. Taking inflation into account, moderate debt may be an effective means to resist currency depreciation.
The choice of home purchase payment method requires a comprehensive assessment of personal financial status, risk tolerance and future income expectations. It is recommended to consult a professional financial institution before purchasing a home to tailor the most suitable payment plan.
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