How to calculate the mortgage
There are two ways to calculate mortgage:
1, equal principal and interest, monthly payment = principal * monthly interest rate *( 1+ monthly interest rate) loan period (1+ monthly interest rate) loan period-1, principal and interest = monthly payment * loan period;
2. In the average capital, monthly payment = (principal loan period)+(principal repayment) * monthly interest rate, and monthly payment will decrease with time.
What should I pay attention to when buying a house with a loan?
1. Applying for a mortgage depends on the actual situation.
It needs to be clear before the loan, not that the larger the loan amount, the better. You know, the bigger the loan amount, the higher the monthly repayment amount, the greater the interest and the greater the pressure.
2. Prepare loan materials in advance.
There are many materials needed to buy a house with a loan, and it takes a long time for the bank to go through the process, so prepare the required materials from the beginning to avoid spending more time in the process.
Step 3 provide authentic materials
Bank staff will strictly examine the personal materials applied for loans. If the materials are falsified, the applicant will bear serious consequences, which will have a great impact on personal credit and even lead to the failure of subsequent loans.
4. Know the repayment method in advance.
At present, there are two kinds of loans, namely equal principal and interest and average capital. Individuals need to choose the appropriate loan method according to their actual situation when applying for loans.
5. Don't use the provident fund before the loan.
Using provident fund loans, the interest will be lower, which is good for lenders. In order to ensure the use of provident fund loans, the provident fund must not be used before the loan.
What should I pay attention to when buying a house with a loan? Buying a house by loan has become a widely used way to buy a house, but there are many things to pay attention to in buying a house by loan, especially the above points, so that the loan will be smoother. How to calculate the mortgage Mortgage is not difficult to calculate, these two are more common. You can choose the appropriate calculation method according to your own situation and easily calculate the mortgage.