Can I borrow money for the auction house?

Simply put, an auction house is a house that is forcibly auctioned by the court. Most city auction houses are not limited to buying, so many people have bought auction houses in recent years. So, can the auction house borrow money? I believe this is what many friends want to know. Let's take a look at it right away.

First, can I borrow money from the auction house?

According to the normal regulations, the property auctioned by the court must be purchased in full, and no loans can be made. However, the auction company can help buyers with loans, and the down payment is 30% of the total amount, which is really good news for most people. After all, the house price is so expensive now that a few families can afford the full amount.

Second, why can the auction company borrow money?

Because this kind of loan is different from ordinary housing loans, buyers need to go to the bank to apply for mortgage loans after obtaining the real estate license. Moreover, while the auction company helps with the loan, it also charges an extra part of the loan service fee, which is not low in auction fees. The auction company has to pay the full amount to get the transfer information, then apply for the property right certificate, and then go to the bank to apply for the mortgage loan. After the loan is released, the auction auxiliary company can get the money.

Although the difference between mortgage loan and normal mortgage loan fee is not very big, the mortgage loan of auction house is closely related to the credit information of buyers. If the credit is not good, the loan will be refused, the interest rate will be lowered or more interest rates will be raised.

Third, is the law office good?

The law stipulates that the starting price of auction house is lower than the market price of ordinary house price, but the final transaction price plus taxes and fees is actually not much different from the market price of the house, and may be higher than the market price. Buying an auction house according to law also has certain risks, and different amounts of deposits will be charged before the service. This part of the deposit is valid for half a year or one year. If the customer does not buy a suitable house within one year, the deposit will not be refunded, so everyone should know the situation before considering buying.

Conclusion: The relevant knowledge of French auction house is introduced here for everyone, hoping to help everyone. For more information, please keep an eye on Qijia. Com information platform.