Precautions for mortgage:
First, repay the mortgage in time.
The principle of good faith is an imperial clause in civil activities, and it is also a clause that we must abide by when performing the contract. As the parties to the mortgage contract, we have the obligation to repay in full and on time according to the conditions stipulated in the contract. Now the country has realized the inter-bank credit system. If you don't repay the loan in time, you will be blacklisted in the bank credit information system, which will affect your future business in the bank.
Second, choose the repayment method carefully.
Usually, the mortgage loan contract is a standard clause contract, and there are generally two repayment methods. One is the repayment method of matching principal and interest, that is, repaying the same amount of loans (including principal and interest) every month during the repayment period, so that the monthly repayment amount is fixed, so that the expenditure of family income can be controlled in a planned way, and it is also convenient for each family to determine the repayment ability according to their own income.
The other is average capital's repayment method: repay the principal in equal amount every month, and then calculate the interest according to the remaining principal, so more interest will be paid at the beginning, so the repayment amount will be more at the beginning, and then it will be reduced every month in the following time. The advantage of this method is that because the repayment amount is large at first, the interest expense will be reduced, which is more suitable for families with strong repayment ability.
Third, rational use of housing provident fund.
Housing accumulation fund is a long-term housing deposit paid by units and their employees, and it is the main form of monetization, socialization and legalization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law.
One advantage of housing provident fund is that it has lower loan interest than commercial banks. If your company pays the housing provident fund for you, you can use the housing provident fund loan to repay the mortgage, which will not only reduce your monthly repayment pressure, but also reduce the total expenditure of using the housing provident fund loan compared with the total loan repayment of commercial banks.