What principles should I know when buying a house with a loan?
What principles should I know when buying a house with a loan?
Comprehensive evaluation of the current economic strength of the family. In this way, we can determine the amount and proportion of the down payment for buying a house, such as how much parents can support, how much money they have, how about the provident fund account, and so on. All these must be counted. You can't seriously affect the normal quality of life by buying a house and avoid becoming a house slave.
Make reasonable expectations for the family's future income and expenditure. What principles should I know when buying a house with a loan? Of course, this includes income expectation and large expenditure expectation, such as the main income and part-time income of family members. In addition to considering the income situation, the expenditure situation cannot be ignored. Because if it is a family of three, children's expenses, especially education expenses, are not a small expense and should be included.
Learn to calculate your repayment ability. Repayment ability is an important basis for determining the amount of mortgage loan, because the bank will ask you to issue an income certificate, which should cover more than twice the monthly payment, otherwise the bank will not approve the amount you want to borrow. Even if it does, if the income is too low, the normal quality of life will definitely be affected after repaying the mortgage every month.
Learn to calculate your own loanable amount. The loan amount is very important to the loan. Of course, it is important to know which principles. You should know that the loan amount is a loan to buy a house. Loan amount of provident fund loan = monthly deposit/monthly deposit ratio *0.45* 12* actual loanable period (≤30 years). The loan amount of commercial loans depends on income, and the income proves that the running water needs to reach twice the monthly supply.
Shop around and choose a bank carefully. At present, the competition between banks is very fierce. In order to gain more market share, each bank will adjust the loan interest rate according to the loan interest rate range stipulated by the state. Therefore, when making loans, the fund demanders should "shop around" and choose low-interest bank loans.
Optimal combination principle of portfolio loan. What principles should we know about buying a house with a portfolio loan? Of course, we should have as many provident fund loans as possible and as few commercial loans as possible. However, the disadvantage of portfolio loans is that the loan approval period is long, generally about 3-4 months.
Find out the price difference and optimize the way. At present, the loan management methods in the banking industry mainly include credit, guarantee, mortgage and pledge. Accordingly, when banks implement the loan interest rate, the floating interest rate of the loan interest rate will be different. It is also a loan with the same application period and the same amount. If you choose the wrong loan form, you may bear more loan interest expenses and make yourself pay more for nothing. Therefore, it is very important for fund demanders to pay attention to and understand the spread under different loan methods when lending to banks.
The loose principle of down payment. Pay attention to the down payment, you certainly don't know what principles to know when buying a house with a loan. Bian Xiao tells you that when you pay the down payment, don't use up all the money on hand. You should set aside some funds for the purchase of furniture and home appliances, the renovation cost of the house, the taxes and fees to be paid in the early stage of buying a house, etc. All these should be used as an early budget.
The loan period can be as long as possible. According to the interest rate of individual housing loans recently announced by the People's Bank of China, the interest rate of loans with a term of more than 5 years (excluding 5 years) is the same. Therefore, the loan period can be as long as possible, up to 30 years at the longest, but it should be reasonably selected according to the specific situation of individuals.
The above is the introduction of the specific principles that should be known when buying a house with a loan. Bian Xiao summed up the nine principles of loan to buy a house, knowing that these principles are really good for loan buyers, hoping to help them.
(The above answers were published on 20 16- 12-30. Please refer to the current actual purchase policy. )
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