Zhongxin Finance, June 19 (Reporter Zuo Yukun) "Live and work in peace and contentment" has been people's expectation for a better life since ancient times.
Recently, a housing loan business named "Anju" was officially announced in Wenzhou, Zhejiang Province. The mortgage repayment method can be flexibly adjusted for the first home, and the borrower can choose to only repay the interest in the first three years.
Can the “sweet and bitter” housing loan make people feel at ease?
Data map: Scenery of Wenzhou, Zhejiang.
Photo by Su Qiao
Wenzhou has made a new move, and the system is still on the shelves
A few days ago, Wenzhou Housing and Urban-rural Development Bureau's official WeChat account "Wenzhou Housing and Urban-rural Development" released news that Wenzhou Housing and Urban-rural Development Bureau and Huaxia Bank Wenzhou Branch launched a housing consumer financial service product called "Anju Loan".
According to reports, the Huaxia "Anju Loan" released this time is aimed at first-home mortgage customers with a loan term of more than 10 years (inclusive). , the core is to launch "flexible return, free return".
Residents who apply for the "housing loan" can choose flexible repayment methods such as "interest first and then principal" or "a small amount of principal plus interest". The flexible repayment method can be up to 3 years, and the principal and interest will be repaid in installments from the 4th year. In order to reduce the pressure of loan repayment in the early stage of house purchase, and meet the needs of just-needed house purchase.
On the 17th, a reporter from Zhongxin Finance and Economics called a branch of Huaxia Bank in Wenzhou. The account manager said that Anju Loan is mainly aimed at buyers of high-quality real estate. mortgage business.
The account manager also said that this business is also the bank's first attempt to meet the reasonable housing needs of home buyers.
At present, the system is still on the shelves, and for the time being, only the existing repayment methods can be processed.
Data map: Wenzhou South Railway Station.
Photo by Zhang Fukun
Promote the market, reduce the pressure
"From the perspective of the mortgage loan repayment rules of home buyers, the pressure is the greatest in the first three years. Anjudai actually provides home buyers with a three-year buffer period, which will encourage home buyers to love and dare to take out loans, and also reduce home loans within 3 years of purchase. The risk of default." said Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute.
According to data from the Wenzhou Municipal Bureau of Statistics, by the end of 2021, Wenzhou will have a permanent population of 9.57 million and a regional GDP of 758.5 billion yuan.
Wenzhou has also long been considered the third largest city in the economically powerful province of Zhejiang, after Hangzhou and Ningbo in its presence.
But it is such a city that is not short of people and money, and has been worried about the property market recently.
According to the statistics on the changes in the sales price of commercial residential buildings in May 2022 released by the National Bureau of Statistics on the 16th, the prices of new and second-hand houses in Wenzhou continued to fall, with the price of new houses falling by 0.5% month-on-month, and the price of second-hand houses by 0.6% month-on-month.
In addition to the introduction of housing loans, Wenzhou has just introduced a package of policies to support the rigid housing needs of the masses, such as reducing down payment and increasing the loan amount of provident fund.
After the provident fund policy is adjusted, the maximum loan amount deposited by a single person in Wenzhou city can reach 650,000 yuan, and the maximum loan amount deposited by a couple can reach 1 million yuan.
At the same time, the down payment for a commercial loan for the first home is reduced to 20%, and the commercial loan for the second home is 30%.
The above-mentioned Hua Xia Bank account manager told Zhongxin Finance that the current down payment for the bank's first home has been reduced to 20%.
As for whether the minimum mortgage interest rate for the first home can reach 4.25%, he said that it will be analyzed according to the situation of different real estate and different customers: "Recently, the policies of buildings have also changed in real time, and the update speed is very fast. We also need to combine the latest preferential measures. ."
Data map: Aerial photography of a real estate project.
Photo by Luo Yunfei
How to benefit? Is there any risk?
"The same is the interest first and then the principal, which made me think of business loans. The general business loan period is only 3 to 5 years, and the housing loan can be directly mortgaged for decades. Will there be a loan to buy a house a few years later? What about the real estate speculative risk of selling the house?" Some netizens raised such a question about Anju Loan.
"Judging from the existing materials, housing loan is still a type of mortgage loan for house purchase, but the mortgage repayment method has been adjusted; business loan is a financing product for small and medium-sized enterprises or individual industrial and commercial households. They can obtain bank loans through other guarantee methods, and the loan funds will be used for the business needs of their enterprises or self-employed individuals.” Wang Yuchen, director of Beijing Golden Law Firm, told Zhongxin Finance and Economics reporter that business loans are measures to benefit the people for small and medium-sized enterprises, and the interest is often low. In the mortgage interest, but not allowed to flow into the property market.
However, home buyers still need to pay attention to the fact that housing loan is a kind of mortgage method of “sweetness first and bitterness later”, and the overall repayment burden of homebuyers has not been reduced because of this.
"This is not interest reduction or exemption. The mortgage interest rate and the repayment time of the principal determine the cost of the home buyer. Since the interest will not decrease with the repayment of the principal, the principal will not be repaid in the early stage, and the bank's funds will take a long time, and the total repayment interest will be It is higher than the equal principal repayment method, and the interest will be more in the long run.” Zhang Dawei, chief market analyst of Centaline Real Estate, believes.
"The longer the repayment of the principal is delayed, the higher the interest will be. It is actually not cost-effective for real rigid needs. Only the interest will be repaid for three years without repayment of the principal, and the subsequent interest will also be calculated based on the original principal owed; but according to the existing mainstream mortgage methods , the principal and interest will be repaid together in three years, and the principal will decrease year by year, and the interest will also decrease.” A loan manager of a bank in Beijing explained to Zhongxin Finance.
However, Guan Rongxue, an analyst at the Zhuge Housing Data Research Center, also mentioned that “Anju Loan” may be more inclined to ease the pre-payment pressure of fresh graduates, urbanized people who have just entered the city to buy a house or work.
Because this group has unstable work or low salary level in the early stage, and then gradually enriches their experience, and their work and income increase.
Data map: A real estate project under construction.
Photo by China News Agency reporter Zhang Bin
Is the new loan model reliable?
Recently, with the gradual relaxation of real estate-related policies in various places, not only housing loans, but also many former loan models have also "returned to the arena", causing a lot of controversy.
In April, there was news that a bank in Guangzhou had started the "relay loan" again, but it "died away" within a day.
Recently, various types of loan products such as "revolving loan" and "deposit-for-payment loan" have also appeared in the market.
How do consumers judge the risks of these lending models?
Wang Yuchen suggested that, first of all, we must pay attention to whether the loan method used belongs to the series of housing loans. In fact, consumer loans, business loans, etc. are not allowed to be used for house purchases.
Once found out, the loan contract may be terminated, early repayment is required, and the credit report will also be affected.
"There will be no pie in the sky. Some loan programs seem to reduce the pressure of repayment or delay the cycle, but the more programs, the longer the process, and the easier it is to have risks. A lot of publicity may only be idealized publicity. Don't believe it easily, you have to go to a regular bank to calculate the detailed accounts." Wang Yuchen said that it is necessary to fully evaluate your financial ability, especially during the epidemic period, you should evaluate your financial ability conservatively to avoid problems in the future.
"Only the direct price reduction of the house or the direct reduction of the mortgage interest rate by the bank can really reduce the cost of buying a house. Others are just changes in the model. Buyers need to be cautious." The above-mentioned bank personal loan manager also mentioned.
Are you willing to try something similar to paying off your mortgage?
(Finish)