The Risk Of Individual Mortgage Research On Perspective Of Housing Transaction Costs And Housing Holding Costs

Since 2007, China has issued the policies of adjusting the housing transaction for many times. As the development of our country commercial bank individual housing loan business, housing holding cost of urging its potential changes in personal housing loan risks are also increasing.In this paper, we can know the qualitative and quantitative analysis which are made by the relevant contents of housing holding costs and more complete researches of our country commercial bank individual housing loan default risk which are made by the changes of the housing holding cost.First of all, this paper analyzes the housing holding cost of composition and influencing factors, expounds the influence of housing costs which are made by the prices, reimbursement means, tax policy, lending rates, loan time limit and loan documentation, for adults, because the house owner holding costs after what happened in housing transactions, at this time, the borrower loan amount has been set, so for its effect is the housing transactions of commodity house before down ratio, housing transactions of commodity house after down ratio and changes of housing loan borrowers holding costs does not constitute the impact. But down the change in the ratio of commercial housing participants can change, and to limit their own funds to influence its purchase decision. While mortgage rates change on mortgage borrowers holding costs maximum impact, transaction costs will change investors expected returns. Through the analysis of the property market in the reduce and improve stages of housing holding costs,reduced the housing holding costs may Increase the housing consumption demand, then drive prices rise; While housing holding costs rise, it can not lower the housing consumption demand in the short term, and house prices also did not decline. But in the long run housing holding costs would inhibit the improve investment housing consumption demand, thus influence of house prices, the influence of by real estate taxes, belong to house property tax collection range of housing, its demand and prices will be affected, and high room, the large family property will also be negatively affected, and low-cost housing, small family housing demand may even increase. Secondly, by establishing housing holding cost theory and the ability to pay based on rights established the mortgage borrowers' default theory of decision model, then points out that house prices change and mortgage borrowers' credit is individual housing loan default changes the direct reason. And then analyzes the housing holding costs change on house prices and mortgage borrowers' credit to the influence of interest rate changes, and the influence of house prices, and finally put forward the empirical analysis based on housing holding costs change mortgage default risk management advice.