Is it true that the down payment is 50 thousand to buy a house

Some areas can make a down payment of 50,000 yuan. After all, the down payment only accounts for 30% of the total house price, especially under the premise that the house price is relatively low and the buyers buy fewer houses, the down payment of 50,000 is still possible. In addition, there are some small huxing with relatively small area, only 20 square meters or 30 square meters. If the price is not particularly high, it may only need a down payment of tens of thousands of dollars.

Mortgage loans to buy a house, in addition to the down payment of 30%, banks also need to repay the loan and principal on a monthly basis. The bank will review the borrower's personal data after submitting the application. First of all, the applicant needs to have a fixed job, a stable income and the ability to repay the principal and interest, which means that the debt in the applicant's name cannot be too high. If the debt is too high, not only will the loan be rejected, but the loan under the previous name may also be required to be paid in advance.