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in recent years, the concepts of zero down payment and ultra-low down payment have rapidly swept the real estate market, attracting more and more home buyers. these methods make the home buying process more "convenient", but "convenience" does not really reduce the burden.
from a legal perspective, when approving a loan, the bank is obliged to review the borrower's qualifications, guarantee conditions, loan purposes and other related matters. the industry has already established a relatively mature mechanism for reviewing house prices. the bank determines the reasonable mortgage amount by evaluating the value of the house and comparing it with the market price. however, in reality, many home buyers, under the temptation of "zero down payment", often ignore the burden of subsequent repayments.
mr. tian is such an example. he was eager to settle down and chose "zero down payment" thinking he could "get on board" early. however, due to lack of repayment planning, he fell into mortgage arrears and eventually lost his house and credit. this risk is not caused by "zero down payment" itself, but by the buyer's lack of ability to buy a house and sense of responsibility.
the emergence of "zero down payment" has also brought new challenges to banks. although some banks seem to have increased their business volume due to lax audits, this actually brings greater risks. because "zero down payment" is often accompanied by fraudulent loan methods such as submitting false information to banks, loans flow to people who do not have the ability to buy houses, resulting in greater uncertainty caused by market fluctuations, making it more likely that banks will suffer losses due to borrowers' inability to repay or giving up on repaying loans, increasing the risk of bad debts.
therefore, before issuing loans, banks must verify the authenticity of the source of down payments, such as bank statements, interviews, visits, etc., to ensure the safety of funds and prevent the negative impact of "zero down payment". the ultimate responsibility lies with the banks, who need to be responsible for the interests of depositors.
