In the process of housing mortgage loan, the longer the loan term, the less pressure the borrower will have to repay in installments every month. So many people will be very concerned about "how long is the longest mortgage?" This question. The term of housing loan is divided into the following two situations:
1. new house: as far as the current situation is concerned, new houses can be mortgaged, and domestic banks can lend for up to 30 years.
2. Second-hand housing: For second-hand housing loans, the bank will consider the construction period of the house, so in the application process of second-hand housing loans, the service life will generally not exceed 20 years. For houses that are too old, banks will not only shorten the loan period appropriately, but also reduce the loan amount. Many houses in the 1980s and early 1990s can only borrow 50% of the appraised price, and the loan period is short. In addition, the length of the loan period is also closely related to the age of the lender, and generally cannot exceed the retirement age of the lender.
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Second, how many years is the house loan?
Specifically, if funds are tight, you can choose a longer loan period.
Personal housing mortgage loan conditions:
1, with urban permanent residence or valid residence status;
2. Have a stable occupation and income, good credit, and the ability to repay the loan principal and interest on schedule;
3, with more than 30% of the total price of the purchased house, and ensure that it is used to pay the down payment of the purchased house;
4. The unit or individual who takes the assets recognized by the bank as compensatory capacity as the guarantor, repays the principal and interest of the loan and assumes joint liability;
The furniture price basically meets the requirements of the bank or the house entrusted by the bank.
6. Other conditions stipulated by the bank.
Third, I borrowed 6.5438+0.8 million yuan to buy a house, with a monthly income of about 4,000 yuan. How many years is it worth borrowing?
Everyone wants to pay off the loan and buy a house early. Although the idea is good, the repayment period should be determined according to one's economic income.
According to the current mortgage interest rate, the loan is 6.5438+0.8 million, and the interest is almost equal to the principal. The total repayment will be 356,000.
At present, the owner's monthly income is 4,000 yuan, and at least 1000 yuan should be set aside as living expenses, so he can only pay back 3,000 yuan a month. In this way, the repayment period is 65,438+065,438+07 months, and it will take nearly 65,438+00 years to fully pay off the loan.
If you have other extra income, you can increase the repayment amount and repay the loan as soon as possible.
Contributed by: Dong Qingdao.
4. How many years is the general loan for buying a house appropriate?
Legal subjectivity: With the rise of housing prices, many buyers can't pay for it in one lump sum, so you will choose to buy a house with a loan. Therefore, scientifically choosing the loan amount can help buyers do the right thing with the least money. Therefore, every property buyer needs to make careful calculations and reasonable arrangements according to different economic conditions. Next, let's take a look at the following contents to see how many years a house loan is suitable. 1, family income In fact, the length of the loan should be selected according to the family income, and the proportion of personal housing mortgage repayment to the family's monthly disposable income should be controlled at 28% to 35%. Generally speaking, the shorter the loan amount, the less interest the borrower pays to the bank, but the higher the monthly repayment amount, the greater the repayment pressure; On the contrary, the longer the loan period, the higher the borrower's interest, but the monthly repayment amount will be reduced, and the repayment pressure will be reduced accordingly. Therefore, the choice of loan term for several years is mainly determined by the family income level. The general principle is to ensure that there is a slight surplus in repayment ability in addition to the monthly living expenses. If it is too tight, it may affect the borrower's personal credit record. Although the interest payment period of the loan is as long as 30 years, if the borrower's income is not high and relatively stable, it is also suitable for long-term loans, so the burden this month is very small. If the loan term is short, the monthly repayment pressure is high, which will affect normal life. 2. Capital cost The loan term should also consider the borrower's capital cost. For those who have investment channels, long-term loans are more favorable, and they can be invested with free funds. The return on investment is enough to repay long-term loans and there is a surplus. For those who have not made other investments, the first time to consider in addition to loans, to avoid excessive interest payments. Short-term loans should be more appropriate. 3. The house price cannot exceed the actual repayment ability. Although buying a house with a loan can spend tomorrow's money to do today's things, we must control our effective solvency within the overdraft limit. The purchase amount of ordinary property buyers shall not exceed 6 times of the annual household income, and the monthly repayment shall not exceed 60% of the monthly income. For investment buyers, we should fully consider the cost of capital, because the bank's loan interest rate is not static. It would be nice to have a lot of down payment. The down payment of the buyer shall not be less than 20% of the total price, and the loan application amount shall be subject to the smaller down payment. If you choose a small down payment, you can use other funds for other investments. Therefore, if the buyer has extra deposits and other good investment methods, he can choose the minimum down payment, because the return on other investments may exceed the loan interest. If there is no good investment method. If you exceed the deposit, you still choose to pay the down payment, because the loan interest is much higher than the deposit interest. 5. The repayment period should be appropriate. The shorter the loan term, the smaller the monthly amount. Choose the repayment period according to your future income and expenditure and your life stage. For loans with the same amount, choose the option that the ten-year repayment period exceeds twenty years, but the total amount needs to be paid off within twenty years. According to experts' analysis, 15 to 20 years' housing loan is generally a more appropriate summary: the years of our housing loan are introduced above, and buyers choose their own loans to reduce costs and make funds play a greater role.
Legal objectivity: Article 8 of the Measures for the Administration of Urban Real Estate Mortgage: (1) Real estate with disputed ownership; (2) Real estate used for public welfare undertakings such as education, medical care and municipal administration; (three) buildings listed as cultural relics protection and other buildings with important commemorative significance; (4) Real estate that has been announced according to law; (5) Real estate that has been sealed up, detained, supervised or restricted in other ways according to law; (six) other real estate that may not be mortgaged according to law.