Now young people my age are facing the problem of buying a house. The house is just needed, it is a necessity. However, in the face of high housing prices, there are still a few families who can buy a house in full, and most families still rely on loans.

Our loans mainly take two forms: 1. Provident fund loan. Commercial loan.

Housing provident fund loans belong to preferential housing loans for specific groups. Housing provident fund is paid by work units and individual employees at a certain proportion every month. Workers who pay housing provident fund can apply for housing provident fund loans. Housing provident fund loan is the lowest interest rate loan method. The advantages of provident fund loans are low down payment, low loan interest rate and flexible repayment amount.

Commercial bank loans are loans for all groups. Of course, the applicant must have a regular job and a stable income. The main advantages of commercial loans are high quota and few loan restrictions. The disadvantage is that the loan interest rate is very high, and we need to repay huge interest, which increases our burden.

And now our repayment is mainly in two forms: 1. Average capital 2. Equal principal and interest.

Matching principal and interest repayment means that the repayment amount is the same every month, the proportion of interest in the monthly repayment amount changes from high to low, and the principal changes from low to high. Interest comes first, then principal. The monthly repayment amount is less, but the total interest is more.

Matching principal repayment is to repay a fixed amount of principal plus a certain amount of interest every month, with the highest repayment amount in the first month and decreasing month by month thereafter. The total interest is relatively small, which is convenient for early repayment, but the pressure of repayment is relatively high at first.

Therefore, when we wage earners are unable to buy a house in full, the most cost-effective way is to choose provident fund loans, and then choose the repayment method in average capital. Then, with rising prices, inflation and currency depreciation, we will try to borrow as much as possible and borrow as much as we can when choosing loans. The longer the loan term, the better. Now it seems that the huge monthly repayment may be nothing in a few years, do you understand?