I. Term of the loan
The first trick is to make the loan as short as possible.
For example, the loan amount is also 500 thousand
Which of the following two situations has a higher interest rate?
① The 30-year loan interest rate is 4.2%.
② The 20-year loan interest rate is 5.88%.
By rights, 4.2 < 5.88.
Then the answer should be ① < ②
Actually, it's not
Calculated with the mortgage calculator, it was found that the 30-year interest of 4.2% was 380,000.
5.88% 20-year interest of 350,000.
A high interest rate is a low interest rate.
Two. Reserve fund
The second skill is to buy a house with a provident fund loan.
Take Wuhan as an example, the minimum loan interest rate of provident fund is 2.6%, and the commercial loan interest rate is about 5.63, which is twice as bad as everyone thought. Calculated by one million, the 30-year interest difference is 6.5438+0.04 million.
Provident fund loan is a commercial personal housing loan granted by the government to commercial banks at a discount. Simply put, banks lend depositors' money to another place, that is, the provident fund management office, for investment. After citizens apply for provident fund loans, the management office pays interest for citizens, but only at the cost rate. There is also a cost in using money, and the provident fund management office conducts loan transactions at the interest rate of cost price.
In addition, if the loan amount of the provident fund is insufficient, you can choose a combination loan, and the excess is used for commercial loans.
3. Low-priced and leak-free
Lpr floating
Lpr is the market quotation of the central bank and commercial banks. It always pays attention to the fluctuation of lpr. Buying a house near the lowest point or historical low point is the most cost-effective and risk-free.
As the saying goes, how bold people are, how productive they are. When buying a house during the recession, they can find the lowest price, that is, lpr is lowered or discounted. When house prices hit rock bottom, they can't go down. If you buy a house at this time, all you get is the appreciation of the house. It can be said that during the Great Depression, the most worthless thing was probably the "house". But it is worth mentioning that you can never predict the market, just like the stock market. So this risk index is very high.
Summarize the above answers:
In the case of sufficient principal, the down payment is as much as possible; The loan period can be shorter; Carefully observe the floating interest rate of lpr and apply for a mortgage when it is close to the historical low; Try to use provident fund and portfolio loans as collateral.