To be honest, if it were me, I would definitely not want to pay the mortgage when I am 80 years old. At that age, I was mainly enjoying my old age, and I still had to think about repaying my mortgage every month. I felt very tossed.
Recently, a news that "Nanning mortgage age limit can be extended to 80 years old" rushed to the hot search. 1 1, several buildings in Nanning property market declared that "the age limit for housing mortgage loans can be extended to 80 years old", which confirmed the truth of the news.
Personally, I don't want to repay my mortgage at the age of 80, mainly from the following three aspects:
First, consider age and physical risk:
Although people live longer and longer, there are still many sub-healthy people. It has recently been reported that the retirement age has been extended. After reading this policy, I feel "heartfelt sadness" when I think that I can't retire until I am 65 years old.
We work until we are 65 years old, and we will have to bear the mortgage until we are 80 years old, so we will feel sorry for ourselves and be slaves to the bank all our lives.
Previously, the credit policies of most banks stipulated that the age of borrowers applying for mortgage loans was between 18-65 years old, and the borrower's age was no more than 65 years old during the loan period. This is mainly considered from people's age and physical risk. The older you get, the greater the risk of non-repayment. Of course, there is a saying that the father pays off the loan, but as parents, they all want to leave their children a fortune, not an outstanding mortgage.
The above is one of the reasons why I don't consider choosing to repay my mortgage at the age of 80.
Second, from the perspective of investment risk:
The policy that the age limit for mortgage loans can be extended to 80 years old is based on the current real estate market situation. I don't think this policy has much positive effect on property buyers. On the contrary, it will make more and more buyers feel that this is a short-term behavior of the bank, with the aim of attracting more people to lend and facilitating bank mortgage.
In our small county, the number of new houses has dropped significantly, and second-hand houses are often sold at a reduced price of100000. The residential property of a house determines the upper limit of its investment value, so from the perspective of investment, it is actually not recommended for the elderly to buy a house with a mortgage loan.
Moreover, in recent years, the economic situation at home and abroad has declined, business is not good, the income of a large number of people has declined, the credit business is not good, and even the mortgage business, which used to be called low risk, is not good. Be cautious in making any investment and ensure your cash flow, which is one of the reasons why I didn't choose to repay my mortgage when I was 80 years old.
Third, from the traditional concept of "debt-free":
Many ordinary people around them will actively save money and pay off the mortgage as soon as possible, even if they borrow a mortgage. I am no exception. The monthly mortgage interest is a big expense for us ordinary working class.
Mortgage is a "big mountain" for many young people. This mountain allows us to control consumption and curb shopping desires, just to pay off the mortgage as soon as possible and realize the wish of "debt-free".
For us, the house is the yearning of many people. In addition to buying a house in a first-tier city, many families can basically realize the down payment for buying a house by concentrating the strength of both families. Then meet the basic needs of housing, I think it is even more unnecessary to overdraw to buy a house when I am old.
And at the age of 80, if I am still healthy, I hope I can see the world with my accumulated wealth instead of carrying my house like a snail.
The above is my thinking about whether I will choose to repay my mortgage at the age of 80. My conclusion is that it is unnecessary.
News Shanghai Construction Bank mortgage is not allowed to repay in advance.
1. According to the latest news released by Shanghai Construction Bank, from June 65438+ 10/day, 2020, the loan customers of Shanghai Construction Bank are not allowed to repay in advance, including housing loans and operating loans.
2. In addition, Shanghai Construction Bank will cancel the handling fee for prepayment of housing loans, but it still needs to pay the interest on the remaining principal after prepayment.
3. In addition, for customers who repay in advance, Shanghai Construction Bank will give a policy of returning the handling fee.
List of loan interest rates in 2020
In 2020, the state stipulated that the benchmark interest rate of ordinary commercial loans should be 4.35% within one year (including one year), 4.75% from one year to five years (including five years) and 4.9% for more than five years.
The loan interest rate refers to the ratio of interest amount to principal amount during the loan period. China's interest rate is managed by the People's Bank of China, and the determined interest rate is implemented after being approved by the State Council.
The loan interest rate directly determines the profit distribution ratio between the borrowing enterprise and the bank, thus affecting the economic interests of both borrowers and lenders. The loan interest rate varies with the types and duration of loans, and it is also related to the scarcity of borrowed funds.
The loan interest rate is the main basis for the parties to the loan contract to calculate the loan interest, and the loan interest rate clause is the main clause of the loan contract. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China.
Did ABC cut the mortgage interest rate?
It fell down. The mortgage interest rate is the annual interest rate when buying a house with a loan. According to the latest news, ABC's mortgage interest rate has been lowered.
Nearly 50 cities have adjusted the policy of recognizing houses and loans: the first home loan policy can be implemented after the first home loan is settled.
Reduce the down payment ratio and adjust the criteria for determining the first suite. Since the beginning of this year, many places have optimized the policy of "recognizing housing and recognizing loans" and released positive signals of property market regulation.
According to incomplete statistics, since March this year, At least including Tianjin, Baiyin in Gansu, Yantai in Shandong, Jinan in Shandong, Jianli in Hubei, Liupanshui in Guizhou, Zhumadian in Henan, Yichun in Jiangxi, Guiyang in Guizhou, Guangyuan in Sichuan, Jingdezhen in Jiangxi, Zhuzhou in Hunan, Baoji in Shaanxi, Bengbu in Anhui, Luoyang in Henan, Zhoukou in Henan, Xinyang in Henan, Zunyi in Guizhou, Puyang in Henan, Fuyang in Anhui, Xianning in Hubei, Zhaoqing in Guangdong, Yueyang in Hunan, Xiangyang in Hubei and Bozhou in Zigong, Anhui. 44 cities including Zhenjiang, Sanmenxia, Jiangxi, Zhangshu, Yinchuan, Ningxia, Luzhou, Hebei, Langfang, Leshan, Gansu, Nanjing, and Zhengzhou, Henan, as well as Pan 'an County, Jinhua, Zhejiang, Qinglong County, Yangxin County, Huangshi, Hubei, xiushui county, Jiujiang, Jiangxi, and Shennongjia Forest District, Hubei, will optimize the "recognition of housing and loan".
Zhengzhou is the first city to adjust the "mortgage loan".
On March 1 this year, the General Office of Zhengzhou Municipal People's Government of Henan Province issued the Notice on Promoting the Healthy Development of the Real Estate Industry, which made it clear that for families who own a house and have settled the corresponding housing loans, they should apply for loans to buy ordinary commercial housing again in order to improve their living conditions, and banking financial institutions should implement the first home loan policy.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, pointed out that this policy actually canceled the policy of "recognizing housing and repaying loans" for improved housing, that is, it no longer depends on whether there is a first suite. If the loan is paid off, the loan will follow the first suite process. This is equivalent to relaxing the loan restriction standard, so that such groups can buy houses according to the first set of ratios, which actually reduces the down payment ratio of buying houses. It can also be seen that Zhengzhou has given a lot of support policies to the demand for improved housing, which is also in line with the mainstream policy of the current housing market, that is, to ensure just-needed, support improvement, and subsequent large-scale apartment transactions are bound to accelerate, which also has a positive effect on the destocking of housing enterprises.
RealData pointed out that the policy of explicitly canceling the "mortgage loan" will greatly reduce the cost of buying a house, stimulate the release of demand for house replacement, and accelerate the repair of the bottom of Zhengzhou market. Zhengzhou has also become the first city to cancel the "recognition of housing and loans".
After Zhengzhou, many places in the country followed up the policy.
Taking Guiyang, Guizhou as an example, on the evening of April 28th, the Guiyang Municipal People's Government issued the Notice of the General Office of the Municipal People's Government on Promoting the Healthy Development of the Real Estate Industry, which clearly stated that for families who own a house and have settled their home purchase loans, they should support and guide financial institutions to implement the first home loan policy in order to improve their living conditions.
In addition to Guiyang, Zhumadian, Yichun, Jingdezhen, Zhuzhou, Baoji, Bengbu, Luoyang, Zunyi, Zhaoqing and other cities have implemented the above policies.
Some cities have also made it clear that while paying off loans, residents need to have no housing in the city before implementing the first home loan policy.
Taking Tianjin as an example, on September 16, Tianjin Housing and Urban-Rural Development Committee and other seven departments jointly issued the Notice on Further Improving Real Estate Regulation Policies to Promote the Healthy Development of the Real Estate Industry. In optimizing the housing credit policy, it is mentioned that the first home loan policy will be implemented for households who have settled their housing loans and have no houses in this city and apply for commercial personal housing loans to buy houses.
The down payment for the first suite is as low as 20%
While adjusting the criteria for determining the first suite, the down payment ratio was lowered in many places, and the down payment ratio of the first suite in some cities was as low as 20%.
For Guiyang mentioned above, the New Deal mentioned encouraging and guiding financial institutions to implement the 20% down payment policy for the first home loan.
Luoyang also made it clear in the New Deal that it will increase credit support for housing financing. Guide banks and financial institutions to reasonably determine the minimum down payment ratio of commercial personal housing loans, and the minimum down payment ratio of loans for families who purchase the first ordinary self-occupied housing is 20%. At the same time, the first home loan policy will be implemented for families who own a house and have settled the corresponding housing loan.
In addition, taking Shennongjia forest area in Hubei Province as an example, the People's Government of Shennongjia forest area in Hubei Province issued the "Work Measures on Promoting the Stable and Healthy Development of the Real Estate Market", proposing to reduce the down payment ratio of commercial housing, and the minimum down payment ratio will be reduced from 30% to 20% for households to purchase commercial personal housing loans for the first time. The New Deal makes it clear that for families who own a set of housing and have settled the corresponding housing loans, in order to improve their living conditions, they will apply for loans to buy ordinary commercial housing again, and banking financial institutions will implement the first home loan policy and "recognize loans but not recognize houses".
According to the incomplete statistics of the paper, among the cities that have adjusted the criteria for determining the first suite, the down payment ratio of the first suite in at least 30 cities is as low as 20%. Including Hubei Shennongjia Forest Area, Gansu Baiyin, Hubei Jianli, Guizhou Liupanshui, Jiangxi Yichun, Guizhou Guiyang, Sichuan Guangyuan, Jiangxi Jingdezhen, Shaanxi Baoji, Anhui Bengbu, Henan Luoyang, Henan Xinyang, Guizhou Zunyi, Henan Puyang, Anhui Bengbu, Hubei Xianning, Hunan Yueyang, Hubei Xiangyang, Sichuan Zigong, Zhejiang Wenzhou, Hunan Xiangtan and Hubei Yichang.
Chen Wenjing, director of market research of the Index Division of the Central Reference Institute, pointed out that since the beginning of this year, all localities have actively implemented the policy of "adapting to the city" and the real estate control measures have been continuously optimized. In terms of credit, optimizing the standard of "loan recognition and housing recognition" has become an important part. Monitoring data show that nearly 50 cities have emphasized the implementation of the loan policy of recognizing loans but not recognizing houses this year. For residents who have settled the first home loan, the first home loan policy (down payment ratio or mortgage interest rate) can be implemented when purchasing the second suite, which effectively reduces the threshold and cost of home buyers. At the same time, at the end of September, the central bank and the China Banking Regulatory Commission allowed qualified cities to lower or cancel the lower limit of the first home loan interest rate, and the combination of optimizing the policy of "recognizing loans and housing" and lowering the first home loan interest rate was more conducive to the release of improved housing demand.
Chen Wenjing believes that at present, some first-and second-tier cities and a few third-and fourth-tier cities still implement the policy of "recognizing houses and loans", and there is still room for optimizing the policy of restricting loans in the short term. In the light of the National People's Congress Standing Committee (NPCSC)'s re-emphasis on "supporting rigid and improved housing demand by city policy", the central bank and the foreign exchange bureau conveyed the spirit of studying the 20th National Congress, and also mentioned "better meeting residents' rigid and improved housing demand, and stepping up efforts to boost the work of" ensuring housing delivery and stabilizing people's livelihood ". It is expected that in the future, all localities will continue to increase real estate support, and the cities that optimize the standard of "recognizing housing and recognizing loans" will be further expanded.
This is the end of the introduction of the latest loan news and information. I wonder if you have found the information you need?