Zero-down payment is not without cost.docVIP

 PAGE \* MERGEFORMAT 6 ‘Zero-down payment’ is not without cost Recently, the China Construction Bank Shanghai branch of the credit for housing development, and introduced a new personal housing mortgage loans - ‘zero-down payment’, that is, buyers do not pay any down payment, you can get from the bank 100% of the mortgages. ‘Zero-down payment’ is mildly entertaining for them, do not personally dig a penny, you can buy a house from the bank to borrow money, which is just entering society, individuals have accumulated enough financial assets of people who rush to buy houses and, indeed, the temptation to force. However, careful pondering, people will find our ‘zero-down payment’ and the developed countries a high percentage of loans or no down payment mortgage loans are quite different. This ‘zero-down payment’ individuals are not required to pay down payment, but the conditions of access to bank loans is to use two properties, namely, the existing housing stock (which can be parents or relatives and friends of the house), and Pre-order new homes as collateral, This is just to reduce the borrowing to facilitate the ‘threshold’ Huyou what they raise up. Further analysis, we will find ‘zero-down payment’ of the costs and the cost is not low. For consumers, the ‘zero-down payment’ while eliminating the 20% -30% of the down payment burden, but ‘to two houses as collateral’ loan conditions, for those who have no housing, urbanization, the new increasing population, the floating population and the newly participate in the work of young people is not easy. Allow banks to accept them where to find one and can share the mortgage with his partner and collateral risk it? Can not find qualified collateral, ‘zero-down payment’ on them is still an elusive luxury. In addition, the ‘zero-down payment’ Although the current burden of relief for consumers, but aggravated his future repayment burden. At present, our policy is a floating-rate mortgages rather than fixed interest