It is best to choose the repayment method of equal principal and interest with shorter term according to individual repayment ability.
Many people are bewitched by some unprofessional remarks on the Internet, thinking that the average interest on capital is low and the cost performance is high. In fact, interest is calculated in exactly the same way. are all
Current interest = monthly interest rate of remaining principal.
The reason why the interest on average capital is less is entirely due to the fact that the average capital method repays the same principal every month, repays more principal at the beginning and pays more principal every month, and the remaining principal decreases relatively quickly.
However, if you choose a shorter matching principal and interest period and the initial repayment amount is similar, you will pay less interest.
Second, which way is better to buy a house with a loan and pay the mortgage every month?
It is best to choose the repayment method of equal principal and interest with shorter term according to individual repayment ability.
Many people are bewitched by some unprofessional rhetoric on the Internet and think that people's interest calculation methods are exactly the same.
Current interest = residual capital
The reason why the interest rate of average capital is low is entirely because the average capital repays more initial principal every month, the monthly payment is higher, and the remaining principal decreases faster.
However, if you choose a shorter matching principal and interest period and the initial repayment amount is similar, you will pay less interest.
Third, how to repay the mortgage is the most cost-effective?
How is the mortgage the most cost-effective? 1. Long loan and short repayment: The shorter the loan time, the more the monthly payment, which means the greater the repayment pressure, but the total interest will also be reduced a lot. You can choose a shorter loan term according to your income and repay it as soon as possible to shorten the loan time and save interest. 2. Portfolio loan: Portfolio loan refers to provident fund loan plus commercial loan. When applying, you can extend the loan life of provident fund as much as possible and shorten the loan life of commercial loans as much as possible, so that you can enjoy the low interest rate of provident fund and minimize the interest of commercial loans. 3. Repayment by provident fund: Monthly repayment means that the bank withdraws funds from the provident fund account every month, first to pay the principal and interest of provident fund loans, and the rest to pay the principal and interest of commercial loans, thus minimizing the monthly pressure. "Nianchong" uses all the balance in the provident fund account to offset the loan principal. According to the regulations, the principal part of provident fund loans must be paid off before the principal part of commercial loans can be reduced or exempted. This is actually a method of prepayment, which saves the loan interest to the greatest extent. 4. Mortgage Job-hopping: Mortgage Job-hopping means that a new loan bank helps customers find a guarantee company, pays off the money of the original loan bank, and then reapplies for a new loan plan at the new loan bank. Therefore, after the loan, if you find a more cost-effective loan plan or the current bank can't give a more favorable mortgage interest rate, you can find a more affordable bank to jump ship. After the loan is paid off, it is very important to pay attention to what the lender needs to go to his bank, and the bank will issue the corresponding loan repayment certificate, which is the necessary material for the Housing Authority to handle the mortgage cancellation procedures. When handling mortgage loans, banks usually mortgage real estate, and the property certificate of buyers also has a mortgage registration mark, so they cannot be listed and traded. Remember to cancel the mortgage registration in time once the mortgage is paid off. At this time, the lender goes to the local housing management department with the completed Mortgage Cancellation Application Form, House Ownership Certificate, House Ownership Certificate or Mortgage Certificate. Only in this way can you have your house completely.