First, how many years is it appropriate to buy a house? When the buyers choose the repayment period of 15-20, the total interest paid is reasonable, and the normal living standard will not be greatly affected. Buying a house for self-occupation is likely to replace a new house or sell it in the medium and long term, which is a long term. The longer the deadline, the better. If there are other channels, you can get higher than the house loan interest rate, of course, the longer the loan period, the better; But you are just an ordinary office worker with few financial channels. You just want to buy a house as a way. In order to save interest, it is suggested that the loan term should be as short as possible. Investment buyers buy houses, but intend to hold them for a short time, which is purposeful. This time depends on how much you think you can get from it. If you think that real estate will continue the big bull market, house prices will continue to soar and you can get high returns, then the longer the loan period, the better; If we think that the real estate era is over and the future growth will enter a low speed, then the shorter the loan period, the better. What do you need for a house loan? 1. The borrower has a stable occupation and income, good credit and the ability to repay the principal and interest of the loan. The loan amount is determined according to the borrower's credit status, occupation, repayment ability and the liquidity of the purchased house. 2. The following materials shall be provided for the house purchase loan: the ID card of the applicant and spouse, the original and photocopy of the household registration book (if the applicant and spouse are not in the same household registration, a marriage certificate shall be attached). Original purchase agreement. 1 Original and photocopy of the down payment receipt for 20% or more of the house price. Proof of the applicant's family income and related assets, including payroll, personal income tax bill, income certificate issued by the unit, bank deposit certificate, etc. Advantages and disadvantages of buying a house in full: Advantages: First, it costs less. Although the down payment is relatively large, from the perspective of the total amount of buying a house, all kinds of handling fees and bank interest can be exempted. And one-time payment can bargain with developers, further saving the purchase price. At present, the one-time payment of commercial housing to give certain concessions has basically become a unified preferential activity for real estate, but the preferential range is different. If you buy a house with a total price of 6.5438+0 million yuan, the developer will give you a 3% discount (that is, a 97% discount), and this alone will save 30,000 yuan. Second, the process is simple, buying a house in full, and signing a house purchase contract directly with the developer, saving time and convenience. For those who buy two properties, in addition to saving the cost of floating loan interest rates, they also save time and energy in dealing with banks. Third, it is convenient to resell. From the perspective of investment, it is more convenient to resell the house bought in full, and it is not bound by bank loans. Once the house price rises, it will change hands quickly and exit easily. Even if you don't want to sell, you can mortgage your house to the bank when the economy is in trouble. Disadvantages: First, the pressure is great, and buying a house in full at one time will become a great burden for those property buyers with weak economic foundation. If the funds are not sufficient, the one-time investment in buying a house is too large, which may affect other investments of buyers. Second, it is risky. As far as most of the houses for sale are auction houses, buyers who choose one-time payment will increase the risk of buying houses. If you choose one-time payment, each building will require buyers to pay all the house price in the pre-sale stage and sign a contract for the sale of commercial housing. However, in the transaction process, many pre-sale properties have the problem of incomplete five certificates. Although the salesperson promised to go through the formalities within a certain period of time, it is full of unknown variables for the buyers, and the biggest problem is the difficulty in filing. For those who buy faster houses, if the developer fails to deliver the house on time, or because the project funds are insufficient, it is impossible to complete the delivery. Although applying for a house purchase loan has helped everyone to reduce the pressure of buying a house to a certain extent, they can buy a house with less money. However, it is forbidden to do what you can, and the loan period depends on the situation. Don't blindly borrow money to buy a house. Borrowing money to buy a house should take into account one's own economic strength and practicality. Don't borrow money to buy more than one house.
How many years is the most cost-effective loan to buy a house?
The most cost-effective plan for how many years to buy a house loan is as follows: due to different personal circumstances, the time limit for applying for a mortgage is also very different. Specifically, it can be defined according to the following circumstances: 1, and the maximum period for individual housing loan application is 30 years; 2. The longest period for individuals to apply for commercial housing loans is 10 year; 3. Men should not be over 60 years old and women should not be over 55 years old. Generally speaking, the longer the loan term, the less the monthly repayment amount; The shorter the loan period, the higher the monthly repayment amount. If the income of buyers is relatively stable and high, it is suitable to choose short-term loans. The shorter the time, the less interest. For high-income people who just want to temporarily turn around, this can save a lot of mortgage interest. People with unstable income or low income need to consider their own income, so it will be more cost-effective to prolong their life. Although the choice of mortgage term is closely related to the economic strength of buyers, according to the current mortgage interest rate, in general, buyers are advised to choose the repayment term of 15-20 years, and the total interest paid in this case is relatively reasonable. If you choose 30 years, the interest will exceed the total loan amount at the current interest rate; If you choose 10, buyers will face greater pressure to buy houses.
How many years is the most cost-effective loan to buy a house?
What everyone should know is that there is no mortgage plan suitable for everyone, because the personal situation is different and the mortgage period varies from person to person. Specific can be defined according to the following circumstances:
1. The maximum term of individual housing loan is 30 years;
2. The longest term of personal commercial housing loan is 10 year;
3. Men under 60 years old and women under 55 years old.
The question of "how many years of mortgage loan is appropriate" cannot be generalized, but should be discussed according to the different income and economic situation of buyers. Generally speaking, the longer the loan term, the less the monthly repayment amount; The shorter the loan period, the higher the monthly repayment amount.
If the lender's income is stable and relatively high, it is suitable to choose short-term loans. The shorter the time, the less interest. For people whose high income is only for temporary turnover, this can save a lot of mortgage interest. For people with unstable income or low income, it is more cost-effective to lengthen the life span considering their own income problems.
Although the choice of mortgage period is closely related to the economic strength of buyers, in the eyes of experts, there are different mysteries. Judging from the current expected annualized interest rate of mortgage, under normal circumstances, it is generally recommended that buyers choose the repayment period of 15-20 years, so that the total interest paid is relatively reasonable.
How many years is mortgage loan cost-effective?
This problem can not be generalized, but should be discussed according to the different income of buyers and their own economic situation. If the lender's income is stable and relatively high, it is suitable to choose short-term loans. The shorter the time, the less interest.
For people whose high income is only for temporary turnover, this can save a lot of mortgage interest. For people with unstable income or low income, it is more cost-effective to lengthen the life span considering their own income problems.
For the specific situation, we will try to calculate the loan amount of 300,000 yuan, the benchmark interest rate of the loan (6.55%), and repay the principal and interest in equal amount. If the borrower chooses to pay off in 20 years, it needs to repay 2245.56 yuan per month, with total interest of 2344.8+08 yuan; If you choose 10 to pay off, you need to pay back 34 14.08 yuan per month, and the total interest is 109689. 16 yuan.
According to the above calculation results, we can see that the mortgage with a term of 10 is less than the mortgage with a term of 20 years 1 168.52 yuan per month, and the total interest is less 129245.02 yuan. In other words, the longer the loan term, the lower the monthly payment, but the higher the total interest expense;
The shorter the loan term, the higher the monthly payment and the lower the total interest expense. Therefore, it is cost-effective to buy a house loan for many years. For high-income people, the shorter the better; For low-income people, extending the repayment time is conducive to ensuring the quality of life.
Extended data:
First, housing provident fund loans to buy a house:
For residents who have participated in the housing provident fund deposit, loans to buy a house and low-interest loans for housing provident fund should be the first choice. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks (only half of the mortgage interest rate of commercial banks), but also lower than the deposit interest rate of commercial banks in the same period.
In other words, there is a spread between the mortgage interest rate of the housing provident fund and the bank deposit interest rate. At the same time, when handling mortgage and insurance related procedures, the housing provident fund loan will be halved.
Second, individual housing commercial loans to buy a house:
The above two loan methods are limited to employees who pay housing provident fund, and there are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can apply for personal housing secured loans from commercial banks, that is, bank mortgage loans.
As long as your balance in the loan bank accounts for not less than 30% of the funds needed for house purchase, and it is used as the down payment, and the assets recognized by the loan bank are used as collateral or pledge, or the units or individuals with sufficient compensation ability are used as guarantors to repay the loan principal and interest and bear joint liability, then you can apply for using the bank mortgage loan to buy a house.
Third, individual housing portfolio loans to buy a house:
The maximum amount of provident fund loans that can be issued by the housing provident fund management center is generally1-290,000 yuan. If the purchase price exceeds this limit, the insufficient part shall apply to the bank for commercial housing loans. These two kinds of loans are collectively called portfolio loans.
This business can be handled by the real estate credit department of the bank. The interest rate of portfolio loans is moderate, and the loan amount is large, which is mostly used by loan buyers.
Personally, it is best not to borrow for more than 20 years under any circumstances, and some families even borrow for 30 years. It seems that under pressure, they actually pay too much interest, and they will always care about their loans mentally, and their quality of life may even decline.