1. The down payment must be self-owned.
In order to further implement the requirements of housing, housing and speculation, banks have strict regulations on the down payment of customers applying for mortgage loans. The most important thing is that the down payment fund must be your own, that is, you can't borrow it from others or banks. If the bank finds out, it will be rejected.
2. The down payment cannot involve illegal matters such as money laundering.
Besides not being a debt fund, down payment is not acceptable if it involves money laundering. For example, a borrower speculates on bitcoin through an overseas account, sells bitcoin, and then transfers to China to buy a house. If the bank finds out, it will be rejected.
3. The down payment cannot come from bank card cash.
Some people will take the opportunity to cash in credit card funds to pay the down payment through the time difference of credit card billing cycle, which is actually impossible. Now that the credit report has been updated every other day, the funds cashed in by credit cards can be easily found by banks.
The down payment is the first advance payment when buying a house. The general amount should be above 30% of the total house price. After both parties sign the pre-sale contract or the commercial housing sales contract, the down payment shall be returned or offset immediately.
If the purchaser fails to purchase the house after paying the down payment, the down payment shall be handled in the way agreed in the reservation agreement, but in any of the following circumstances, the real estate development enterprise shall fully return the down payment paid by the purchaser:
(1) The real estate development enterprise did not sign a written agreement to collect the deposit;
(2) There is no agreement or unclear agreement on the handling of the deposit in the signed written agreement.
On September 6, 2020, Shenyang Real Estate Bureau and Shenyang Natural Resources Bureau jointly issued the Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market in Our City (hereinafter referred to as the Notice). The "Notice" proposes that the down payment ratio of the second set of commercial housing should be increased to 50%, and the down payment must be paid in one lump sum, and installment payment and "down payment loan" are prohibited.