What are the risks of buying a house with zero down payment?

The down payment ratio of the second suite was lowered, and the down payment ratio of the first suite of provident fund loans was also lowered. This preferential policy makes many people happy. Many people who have never bought a house have also put buying a house on the agenda, and housing enterprises have seized the opportunity to start overwhelming publicity. Slogans such as "zero down payment", "zero monthly payment" and "buying a house for decoration" have become frequent visitors to various media real estate advertisements. What are the risks of buying a house with zero down payment? For people who don't have enough money, "zero down payment" is undoubtedly a very tempting concept, but after the temptation, they are also skeptical about the good things that fall from the sky. So what exactly does "zero down payment" mean? How is it done in the actual purchase? Is it risky to buy a house with zero down payment? I believe that these problems are urgently needed by property buyers. Today, SouFun. com will come to relieve our doubts one by one. Many developers will put up signs of zero down payment to attract buyers to buy a house. Zero down payment means that the developer pays 30% down payment. There are two main ways to buy a house with zero down payment. One is essentially equivalent to installment down payment, that is, the buyer does not pay or pays a small amount of down payment, and the developer gives the buyer a year or several months to collect the remaining down payment before applying for a mortgage. The other is to inflate the contract price and make false loans. This kind of zero down payment operation is more difficult, and it also increases the risk of buyers buying a house. Buying a house with zero down payment is only a means of payment for buyers in the process of buying a house, and it cannot affect the validity of the commercial housing sales contract between developers and buyers. A voluntary contract signed on the premise of obtaining a sales license has legal effect. But in practice, there are many potential legal obstacles in buying a house with zero down payment. If it is not handled properly, it is easy to cause disputes. The threshold of buying a house with zero down payment sounds beautiful, but it is not as beautiful as the developer advertised. The so-called zero down payment seems to have no threshold, and anyone can apply. In fact, the threshold for zero down payment is relatively high. At the very least, you need to be qualified to buy a house. If you are a foreign buyer, a social security certificate or tax payment certificate of more than one year is essential. Secondly. Buyers who apply for zero down payment must have stable economic income, repayment ability and good credit record, otherwise they cannot apply for bank loans. What are the risks of buying a house with zero down payment? For developers, attracting many buyers through "zero down payment" or "pad down payment" is to achieve the purpose of quick transaction of real estate. For property buyers, ultra-low down payment or zero down payment is not to reduce down payment, but to pay in installments. Although it temporarily eased the pressure of buying a house with a loan, in the end, it was necessary for the buyers to pay it off in full within the specified time. During this period, property buyers will face various financial pressures, such as down payment, monthly payment, taxes and fees paid when handing over the house, etc. For property buyers, the down payment must be made up before buying a house. Otherwise, if you barely buy a house beyond your affordability, you will bear too much economic pressure, which may affect your quality of life and may also bring the risk of default due to your inability to repay. Legal sources explained that the risk of buying a house with zero down payment "zero down payment" does not conform to the relevant policies of the state and banks. Consumers who use "zero down payment" to buy a house must be customers who want to borrow money from the bank. If the developer uses the "zero down payment" without authorization, it does not strictly follow the policy requirements of the State Council that the down payment ratio of the first set of housing loans is not less than 30% and the down payment ratio of the second set of housing loans is not less than 60%, which violates the national policy. At the same time, because the lender didn't actually pay the down payment, it can't really own the ownership of the purchased house, and bank loans will inevitably increase the risk of bank loans. In addition, the legal risk of "buying a house with zero down payment" is greater. For developers, "zero down payment" requires them to make a temporary advance, so they need to pay some interest. If the capital chain breaks, they will face great financial pressure. Developers should also have a certain understanding of the economic situation, repayment ability and credit history of buyers. If property buyers can't get bank loans for such reasons, there is great uncertainty in the performance of housing sales contracts. For property buyers, if they buy more than two houses, or foreign property buyers can't issue social security certificates or tax payment certificates for more than one year, they are not qualified to buy houses. When these unqualified buyers sign a "zero down payment" purchase contract with the developer, they will face the embarrassing situation that the purchase is invalid, and the down payment delivered on time may not be recovered. Legal sources reminded that "zero down payment to buy a house" is not without buyers paying down payment. Its essence is that developers or real estate agents get down payment by paying in advance or inflating house prices, mostly by means of bank loans. There may also be legal disputes in the contract signed by developers and property buyers here, and the parties may even be investigated for criminal responsibility. Therefore, consumers are advised not to buy a house with "zero down payment".