Misunderstanding 1. The longer the loan term, the better.
Some buyers will think that the longer the loan period, the better. In fact, the longer the loan term, the more interest they have to bear, which is not cost-effective in the long run. If the lender's income is stable and relatively high, you can 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.
Therefore, Bian Xiao believes that everyone should choose the loan term that suits them according to their own situation.
Myth 2: I think if I pay enough down payment, I'm finished.
Some people have no experience in buying a house with a loan, work hard to get a down payment, and immediately borrow money to buy a house. But this method is very dangerous. You know, it's not enough to pay the down payment. You need to reserve some funds on hand for daily expenses and other unexpected needs.
In addition, after buying a house with a loan, you also need assessment fees, mortgage registration fees, deed tax fees and other fees, which need to be taken into account.
Myth 3: I think the proof of income can be faked.
Some people's income does not meet the loan conditions, so they want to muddle through with fake income certificates. However, this kind of false proof of income is easy to be seen through by banks and other lending institutions, so that borrowers will not only be unable to lend, but also bear legal risks seriously.
Myth 4: You can't apply for a loan if you think your credit record is not good.
Credit loan banks mainly consider personal credit records, but it does not mean that people with bad credit cannot apply for credit loans. If the borrower is overdue several times and the amount is small, the bank will still lend at its discretion, but it may raise the loan interest rate and reduce the loan ratio.
Myth 5: think that the earlier the prepayment, the more money you save.
Some property buyers have sufficient funds at hand and want to repay in advance, thinking that the sooner they repay in advance, the more money they will save. In fact, in some cases, it is not worthwhile. For example, the mortgage interest rate has already enjoyed a 20% discount, or the loan method is a provident fund loan. Under the current interest rate situation, it will be better if the money repaid in advance is used to buy wealth management products with higher returns.
In addition, if the repayment period has passed 1/2, most of the interest has been paid off, and the rest of the mortgage is basically the principal, so it is meaningless to repay in advance.
Myth 6: It is considered that choosing small and medium-sized banks is more economical than choosing four big banks.
Many people will think that the loan business launched by the four major banks is neither flexible nor expensive, and it is not as convenient as saving money by small and medium-sized banks. This problem needs specific analysis.
When the deposit quota of small and medium-sized banks is relatively unstable and ample, it is convenient and fast to apply for loans in the early stage, and the quota is tight in the later stage. The review cycle will become more and more strict and longer, and some even suspend the mortgage business altogether. The four major banks have abundant funds and sound measures. In short, when choosing a bank, we should still refer to several banks, not just small and medium-sized banks.
Finally, Bian Xiao reminded everyone that the housing loan should be rational, fully understand the city's policy requirements, and then choose according to their own actual situation, so as not to fall into misunderstanding.
Source: Network
(The above answers were published on 20 18-03- 14. Please refer to the current actual purchase policy. )
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