Recently, more and more advertisements recommending private second-child mortgages have appeared in the market. Di Xiang, a senior investor on both sides of the Taiwan Strait, warned investors that this is a dangerous signal.

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[Financial Channel/Comprehensive Report] Di Xiang, a senior investor from both sides of the Taiwan Strait, posted on his Facebook fan page "Di Xiang's Capitalism Survival Notes" on Tuesday (3rd), saying that he found that there have been more and more recommended folks in the market recently. Advertisements for second-child mortgages warn investors that this is a dangerous signal.

Di Xiang pointed out that the so-called second-child mortgage means that you use the same house to apply for a mortgage from a financial institution when you have a mortgage. It is conceivable that this is a higher leverage. It advertises that you don't look at your credit history, and no matter who you are, as long as you have real estate in your hand, you can quickly approve the loan.

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Di Xiang believes that the second-child mortgage industry should be aware that more and more people need funds, so they will desperately advertise during the economic slowdown. The interest rate of the second-child mortgage is usually higher, 7% to 30% is very common, far higher than the 2% interest rate of the general mortgage of the bank, which means that after the second-child mortgage, the interest payment will accelerate the erosion of disposable income.

Di Xiang said that people who will apply for second-child mortgages from private institutions, in addition to short-term urgent needs for funds, are nothing more than poor credit, no money and do not want to sell the house, so they have to apply for second-child mortgages, but such people Once the economy slows down further, they are the most vulnerable group, because their leverage is too large, and their cash flow may become less and less. As long as there is no income one day, the cash flow will be cut off and they will be cut off. Difficulty, being forced to sell the house, or being foreclosed.

More importantly, according to the statistics of Yuanhong Real Estate, there are currently 85,400 house owners in Taiwan who are carrying second-child mortgages, and the actual total loan amount is as high as NT$1.1 trillion. You have to pay up to 1 million yuan in interest, and if you count the repayment of the principal, the overall debt expenditure will be even more astonishing.

Di Xiang said that these homeowners may be facing the situation I mentioned above, which means that as long as the economy accelerates and slows down, these houses will become the largest unexploded bomb in the housing market, and may see a large number of housing supply rushing into the housing market in the short term. Even saw a surge in foreclosures.

Despite this, Di Xiang does not think that this will cause the overall housing prices in Taiwan to collapse. The housing prices in egg yolk districts are still easy to rise but hard to fall. But for these homeowners who are forced to sell their houses, it is the end of the world, because even if the house is foreclosed, The money has to be repaid to the second-child mortgage company first, which means that the money may be gone after the nest is gone.

Therefore, Di Xiang suggested that if readers and friends have extra income, remember to use it to pay off debts first, not to eat, drink and have fun, let alone spend money on wine and meat friends.

In particular, get rid of debts that don't provide you with cash flow, such as car loans, because they are fake assets that eat into your cash flow.

Di Xiang said that cash flow is blood, and fake assets and debts are leeches. If you let the leeches continue to suck your blood, resulting in continuous deterioration of health, once the cold winter comes, a cold snap may kill you suddenly.

And for readers who don’t have too much debt pressure and want to buy real estate, Di Xiang suggested that in the next economic slowdown or even recession, based on the aforementioned situation, there is a high probability that many properties below the market price will be sold. Now in the market, this is a good opportunity to intervene in the housing market at a low price.


At the end of the article, Di Xiang also said that some people may think this is cruel. The house they bought was driven out because others could not afford it, but capitalism is so cruel. As the tide ebbs, your assets are redistributed to others.

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