The most economical way to buy a house with a loan

Why do you say that? Because everyone's wealth accumulation is different and their expectations for future economic income are different, everyone will choose a down payment amount that they think is reasonable. According to the regulations of the Central Bank, the purchase loan does not exceed 80% of the house price, which means that the buyer must prepare a down payment of more than 20%.

Experts recommend that homebuyers get a 70% to 80% mortgage, because to some extent, more loans are better, and less downpayments are better, of course, all of this should be controlled by homebuyers within the debt capacity. A low down payment means a higher payment per instalment during the contract period, especially the interest burden will be higher, but the home buyer will have excess funds to use to improve their quality of life and other investments. Because there are many projects whose income from other investments is higher than the loan interest rate, it is better to choose a lower down payment.

In addition, Minsheng Bank has now launched new loan methods, such as re-mortgage, additional mortgage, and re-mortgage, which are very convenient choices for home buyers. Among them, the abbreviation of "re-mortgage" for changing the housing borrower, "additional mortgage" for extending the original loan period or additional loan amount, and "re-mortgage" for changing the collateral. If you want to sell the house after taking out a loan to buy a house, you can remortgage. That way, if you put down a smaller down payment, you will transfer more of the interest burden after you remortgage. If we buy a house of 3,000 yuan per square meter with an area of 100 square meters, the mortgage period is 15 years (180 periods), and the mortgage 70% and 80% will produce different results. If you buy such a house and you want to sell it after 5 years, you can "re-mortgage". If your mortgage is 80%, the down payment is 30,000 yuan less than the 70% mortgage, and the 15-year interest payment is only 12,816 yuan more. And, after you switch mortgages, all the interest burden is safely "passed" to other buyers. The most important thing is that the down payment is less than 30,000 yuan, and the interest for 15 years is only 12,816 yuan more. The annual return on investment in open-end funds is calculated at a conservative 5%, which is 30,000 × 5% × 15 = 22,500 yuan. The cumulative investment of each year's fund income has not been calculated, so the income is much higher.

On the other hand, because the current housing loan interest rate is constantly decreasing, under such favorable loan interest rate conditions, you can apply for as much loan as you can, as long as you are not blindly pursuing the bigger the better the house, The interest expense is not too big. If you really can't afford it in the end, you can also "click", there is nothing to worry about.

In addition, if you have a lot of money and a decent income, besides buying a house, you have other relatively good investments. You might as well choose the lowest down payment as possible. Anyway, other income will greatly reduce the interest. burden. In any case, within the range of your debt capacity, choosing the highest mortgage rate, the smallest down payment, and making the money work better is the best move.

The most appropriate loan period is 15 to 20 years

A basic common sense is that the longer the loan period, the less the monthly repayment, but the total repayment will inevitably increase. A loan of 100,000 yuan is borrowed for 10 years, and the monthly repayment is about 1090 yuan, and the total repayment is about 130,000 yuan; the loan is borrowed for 20 years, and the monthly repayment is about 690 yuan, and the total repayment is about 166,000 yuan. Experts believe that the loan period is generally 15 to 20 years. For ordinary people, it is more risky to bear higher repayment pressure after retirement. In addition, commercial banks will have some measures to benefit the people in the marketing of housing loan business. For example, in the "non-designated real estate mortgage loan business", if the purchaser owns the mortgage bank, and does not need any guarantee from the real estate developer, generally speaking, he can enjoy the one-off price preferential measures provided by the real estate developer.

The main purpose of extending the repayment period is to reduce the monthly repayment amount, but is the longer the better? Let's look at an example. Taking a loan of 10,000 yuan as an example, if it is repaid in 2 years, the monthly repayment will be 438 yuan, and the interest burden will be 504 yuan; if it is repaid in 4 years, the monthly repayment will only be 229 yuan, and the monthly repayment will be reduced by 209 yuan, reducing the burden. 50% or so. However, the interest burden has also increased from 504 yuan to 1,004 yuan, which is also an increase of about 50%. And if you compare the 29th year and the 30th year, the monthly repayment of the 29-year loan is 54.73 yuan, and the monthly repayment of the 30-year loan is 53.93 yuan. It is also extended by one year, and the monthly burden is only reduced by less than 1 yuan. , about 1%. It can be seen that if the period is too long, the monthly repayment amount cannot be greatly reduced, and the interest burden is added in vain. The interest burden of 30 years is 9414.8 yuan, and the interest burden of 29 years is 9046.04 yuan, and the interest burden has increased by nearly 400 yuan, about 4%. So a reasonable repayment period should be 15 to 20 years.