What are the disadvantages of buying two suites with loans at the same time

1. Buying two suites with loans at the same time is very stressful for property buyers, and they must have a stable income to afford the mortgage; 2. In many cities with restricted purchases, it is impossible to buy two suites, so buying two suites at the same time must first meet the requirements of local policies; 3. If you buy two suites by loan at the same time, the loan will be calculated according to the second suite, and the down payment ratio of the second suite is 3%, so you should prepare sufficient funds, otherwise the bank will not grant the loan.

what should be paid attention to when buying a house with a loan

1. Reasonable capital planning

Buying a house requires a lot of money, so when buying a house, buyers must choose the price and size of the house according to their economic strength. When making loans, buyers should also decide according to their economic income. It is best to allocate funds, avoid blind choice, and be careful not to use all assets to pay the down payment.

2. Choose "reliable" housing

Buyers must choose reliable housing, especially pre-sale housing, and pay attention to the strength and reputation of developers, so as to avoid overdue delivery and housing quality problems, which will prevent buyers from moving into new houses smoothly.

3. When giving priority to provident fund loans

loans, provident fund loans can be given priority, because the interest rate of provident fund loans is low. If property buyers use commercial loans, they can also withdraw provident fund to pay the house payment or monthly payment after signing the house purchase contract.

4. Pay attention to personal credit information

Regardless of provident fund loans or commercial loans, we should pay attention to maintaining good personal credit information, because when lending, the bank will review the loan qualifications of buyers, and if there are problems with personal credit information of buyers, the bank will not mortgage. Therefore, the water, electricity and gas bills at home must be paid on time, and the credit card should be paid in time.

5. If you can't repay the loan on time, you can apply for an extension.

After the loan application is approved, the buyer will repay the loan on time every month. If the buyer can't repay it in time, he can apply to the bank for changing the loan term, and if the loan bank agrees, he can extend the loan.

6. There are advantages and disadvantages of prepayment

Some property buyers will consider prepayment after accumulating certain funds, but prepayment has advantages and disadvantages. Usually, the repayment interest expenses are concentrated in the initial repayment period, so it is more cost-effective for borrowers in the initial repayment period to repay in advance, but the bank may charge a certain penalty.

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