14 –精通级-单元4: APPLYING FOR A HOME

题目

Write about buying a home and applying for a home loan in  your country. How easy or difficult is the process? Are there a lot of forms  to fill out? Is housing expensive? What are the interest rates? Do you need  to use a real estate agent or mortgage broker?

A decent life must include a cozy home; and in the eyes of  the majority of Chinese people, having a home normally means owning the house  where home is. Chinese people are prone to buying a house as a home; and owning  it makes them feel safe and settled down. After more than two decades of a fast  growing economy, we have got a frenzied housing market. Owning a house is  possible for individuals of working class, but owning a decent and respectable  house in a metropolitan is financially beyond our endeavors, because the housing  price in major cities is going through the roof currently. Mortgage loans are  easy to apply for if you are qualified to buy a house somewhere, with the assistance  of bank clerks to fill forms on behalf of you, and a complete list of  required documents and information included in the clear instructions the  banks provide to mortgage appliers. The qualification requirement is mainly  based on the national and local regulations. In Mainland China, all Chinese  are subject to the restriction of the household register (Hukou), which may lead  to many people unable to buy a house in the city they have been living for  many years because theirHukouare not there. The regulations are also subject to changestimely, not only with  the Hukou restriction. Sometimes when we buy the second house in the same  city, we may be required to pay a higher percent of down payment andhighermortgageintereststhan that of  our first purchases.  Currently, the new polices in many citiesrestrictthe holding period, that mean after we  have bought a house, we cannot sell out it within 2 to 8 years varyingaccordingly indifferent cities. The new rules have eliminated many flocks of speculators.  Hopefully, the price is going to level off soon. In Guangzhou and several  other cities, the new policies also allow tenants to register their permanent  residences;and their

children can go thelocal public schools now.Whileoverwhelmed by the rocketing price,  more and more people choose to rent a house rather than buying one.  Financially speaking, renting a house is much better than buying one, because  the rent is even lower than the bank interests of the money to buy the same  house, not taking into account the costs and interests of mortgage  installment.

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