This is a product that obtains a down payment loan for house purchase through a wealth management company or financial company. This kind of loan generally belongs to P2P loans, which means that you apply for down payment loans from these financial companies, and these institutions then find investors to bid for you. Three parties benefit, both parties benefit, and one party pays interest, which is also one of the scope of fund crowdfunding.
The so-called down payment loan refers to down payment loan, which is a loan for high-quality assets such as mortgage. Generally speaking, the down payment for buying a house is not allowed. Ordinary mortgage should pay 30% of the house price first, and the rest can be borrowed from the bank.
In fact, "down payment loan" has a long history. When the property market is in a downturn, developers use it to promote sales. In fact, it is a joint financial institution that provides down payment loans for property buyers, with a term ranging from 1 to 3 years. Developers will also subsidize some down payment loan interest for buyers.
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At present, many down payment products are mainly credit loans, and the risk trigger wall is very thin. One of the risk points is that after buyers use down payment loans, the money owed to private funds will not be included in the credit information system, nor will it affect the bank's lending judgment, resulting in potential risks.
Some media found in the interview that the current down payment loan is divided into two situations: secured and unsecured, and almost all real estate agencies provide down payment loan products to buyers.
In terms of first-hand housing, the down payment loan is mainly to cooperate with developers, mainly to lower the threshold for buyers to purchase houses. As long as the developer does not have much problem, there will generally be no default.
In terms of second-hand housing, replacement buyers usually own their own houses. Because the house was not sold before, there was a shortage of down payment funds in a short time. This kind of "down payment loan" is usually mortgaged by real estate, so it is safer, because the short-term capital demand is more like that of bridge loan. Buying a second-hand house for the first time has no mortgage, so using "down payment loan" may be risky.
Pan (Vice President of the People's Bank of China in charge of financial market business) said that the attitude of the People's Bank of China on some P2P platforms is very clear about whether a down payment loan is eligible for this loan:
First, real estate development enterprises and real estate intermediaries have not obtained corresponding qualifications for financial business, engaged in financial business in violation of regulations, and there are still phenomena such as self-financing, self-guarantee, and fund pool.
Second, real estate intermediaries, real estate development enterprises run their own financial industry or cooperate with P2P platform to carry out financial business. The products provided by down payment loans not only increase the leverage of residents to buy houses, weaken the effectiveness of macro-control policies, increase financial risks, but also increase the risks in the real estate market.