In addition, reducing the monthly payment can also leave more room for individuals or families to use for other important expenses, such as children's education, medical insurance, pension planning and tourism. This can help people enjoy life better and increase their sense of self-worth and satisfaction.
Ah Hu made a systematic study on reducing monthly supply and summarized several methods to reduce monthly supply. Share it with you ~
1. renegotiate the interest rate
If your loan interest rate is high, you can renegotiate with the lending institution to get a lower interest rate. First of all, understand the current interest rate level in the market and compare it with other lending institutions, so that you have more chips in the negotiation. Prepare your financial status and repayment records, and discuss your wishes and goals with the loan specialist of the lending institution. If you have a good credit record and a stable source of income, lending institutions may be willing to adjust interest rates or offer other interest rate concessions.
Now entering the era of stock houses, the benchmark interest rate of central bank loans has dropped again and again, and banks have also lowered the interest rate of bank loans. If the house loan is bought at a high interest rate, you must go to the bank to reconfirm the interest rate. A Fu has a friend who bought a house with an interest rate of 6%. Later, it was reduced to 5.3% with the bank, and the monthly repayment was 3k less.
2. prepayment or extra repayment
By prepayment or extra repayment, the loan principal can be reduced and the future interest expense can be reduced. This helps to shorten the loan period or reduce the monthly payment. For example, if there are idle funds, you can consider repaying a part of the loan amount in advance at one time. Another way is to pay an extra repayment every month, which will exceed the minimum required repayment amount. This will help to speed up the repayment of loans, thus shortening the loan period and monthly payment.
Ah Hu gave a 5w year-end bonus last year, but he didn't think of a suitable place for half a month. The fund market is green, and the income of wealth management products is not even as regular as that of banks, but he can't grab a large deposit certificate, so he simply repays the mortgage in advance and chooses to reduce the monthly repayment amount, so that he can repay 500 yuan less every month, which is a lot easier.
3. Change the loan type:
According to your situation and market situation, you can consider changing the loan type. For example, change from floating interest rate to fixed interest rate, or choose other loan types that suit you. If you want to get a lower interest rate and a stable monthly payment for a period of time, a fixed-rate loan may be more suitable for you. On the other hand, if you expect interest rates to fall in the future, variable interest rate loans may be more attractive. Before making a decision, please understand the characteristics, advantages and disadvantages and risks of different types of loans and communicate with lending institutions.
Now that the interest rate is going down, you can try to choose a floating interest rate, so that you can keep up with the policy and always enjoy the lowest repayment rate, and the monthly mortgage repayment will naturally come down. Another trick is that when lending money, you can choose the interest rate on the signing date or the interest rate on the lending date. In view of the current situation that interest rates are falling again and again, you must choose the interest rate on the loan date for settlement. Maybe the loan date will be delayed for several months to catch up with a wave of interest rate cuts.