As of June 5438+ 10, 2020, the benchmark interest rate for loans with a term of more than five years was 4.9%, and the monthly repayment amount of loans with a term of 1 10,000 yuan was 6,544.44 yuan when the principal and interest were repaid for 20 years, with the same monthly repayment amount; When the loan of 65,438+0,000,000 yuan is repaid according to the constant principal for 20 years, it needs to be repaid in the first month, 8,250.00 yuan in the second month and 465,438+083.68 yuan in the last month, and the average capital will be reduced every month.

As can be seen from the above, different repayment methods have different monthly repayment amounts; Users can decide the repayment method according to their income level. If the pressure is relatively high, users can reduce the loan amount or extend the repayment period, which is a good choice. ?

When applying for a mortgage, the user must be at least 18 years old, and have paid the down payment and signed a house purchase contract. Users also need to submit the bank flow in the last six months, and the borrower's credit information must be good. If the credit information is not good, the bank may refuse the loan. ?

The mortgage shall not be overdue during the repayment process. If it is overdue, the bank will collect it and the overdue record will be uploaded to the credit information center. If there is continuous overdue, the bank has the right to ask the borrower to repay in advance, which is still very unfavorable to the borrower.

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Consequences of non-repayment of mortgage: bank dunning will generate penalty interest, the property will eventually be auctioned, and the buyer's credit record is poor. ?

1. Does the bank generate default interest during the dunning period?

If there is no one-time repayment, the bank will call or SMS to remind you to repay on time, and there will be penalty interest. If you don't repay the loan for three times in a row, the bank account manager will collect it and will also have a penalty interest. If the overdue number reaches more than 6 times, your property may be frozen during this period. ?

2. The property was finally auctioned?

If the bank's dunning fails, the bank will auction the mortgaged property through legal procedures. At this time, the disposal of the buyer's property has entered the judicial process, and then the house will be disposed of according to the relevant provisions of the contract terms of both parties, generally by auction. In this case, the economic loss of the buyer is greater.

Because no matter whether it is repossession or auction, the price of the house is often lower than the original price, and most of the loans repaid by the buyer every month are interest, which means that the buyer has not actually repaid much principal. So as a result, after the recovery or auction, the buyer's house price may be running low.