Xiao Zhang and his wife are both teachers, and their 3-and-a-half-year-old son just went to kindergarten. Their monthly income is about 7800 yuan, which is a typical white-collar class. In 20 10, with the help of their families, they bought a house of 120 square meters in the urban area and borrowed 200,000 yuan from the provident fund. Because the loan chooses equal principal and interest repayment, the monthly repayment of 1400 yuan is also within their tolerance.
"I have saved some money in the past two years, and recently I wonder if I can repay some house loans in advance." Xiao Zhang said that recently, the couple are consulting how to repay the loan in advance, so that they can also pay less interest on the loan.
There are not a few people who are entangled like Xiao Zhang and his wife. Ms. Li bought a house with a mortgage loan from a commercial bank a few years ago. At present, she has tens of thousands of yuan in savings, but she has been "lying" in the bank for a fixed period of time and has not made other investments. Ms. Li said that many friends around her used loans to buy houses, some had already repaid some loans in advance, and others were still waiting to see like her.
What is the right situation to repay the mortgage in advance? What else is not suitable?
If the income is higher than the loan interest, you can repay in advance. Insiders suggest that if the family can make the income higher than the loan interest expense through financial management or other investments, it can not repay the mortgage in advance. If there is no good income in the next year or years, you can consider repaying the mortgage in advance.
If the interest in the middle and late repayment period is low, there is no need to repay in advance. For residents who choose to repay the same principal, if the repayment period has passed 1/3 or the buyers who have repaid to the middle period, the repayment interest will be calculated according to the remaining principal because the total loan amount is equally divided in the average capital. In other words, the later this repayment method is, the less the remaining principal is, so the less interest will be generated. In this case, it is of little significance to repay the loan in advance.
Real estate mortgage loans from banks should be repaid in advance. According to industry insiders, for some consumers who are not aware of financial management and cannot effectively restrain their impulses; People who don't want to have debt pressure and bear too much loan pressure; People who want to pay off the late mortgage in one lump sum and then get more loans from the bank with real estate mortgage; Residents with unstable income can choose to repay their mortgage in advance.
Pay back the commercial loan first, and then the provident fund loan. "Repaying the mortgage in advance may not be paid off. You can repay part of the mortgage in advance according to the bank's regulations and your family's economic situation. " According to industry insiders, people who buy a house with provident fund loans can also consider repaying the loan in advance. "Under normal circumstances, the provident fund cannot be withdrawn. If you don't repay the loan in advance, you can't take it out of the account. It is better to withdraw the loan first, which will also improve the efficiency of the use of funds. " At the same time, industry insiders reminded that if you choose a combination loan composed of commercial loans and provident fund, you can repay the mortgage in advance by paying the commercial loan first.
(The above answers were published on 20 16-0 1-25. Please refer to the actual situation for the current purchase policy. )
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