There are two ways to repay some loans in advance, one is to shorten the repayment period, and the monthly repayment amount is basically unchanged, and the other is to reduce the monthly repayment amount, and the repayment period is unchanged. Both methods can reduce the interest expenses of buyers. Mr. Li, who has a monthly mortgage of 6,000 yuan, has the idea of prepayment with the 50,000 yuan accumulated this year. "I feel a lot of pressure when I see the monthly repayment amount. When I have money, I still have to pay back some in advance, which can reduce the monthly payment and reduce the pressure in my later life. "
These three situations are not suitable for prepayment.
1. Buyers with an interest rate of 30% or lower. Many buyers who bought houses in 2008-20 10 enjoyed the interest rate of 30%, and now they are in the channel of reducing interest rates. If the central bank doesn't cut interest rates during the year, even if the latest interest rate is implemented at 65438+ 10/in June next year, the interest rate will only be lower than that in the previous period. If the prepayment funds are used for investment and wealth management, the expected income can offset the loan cost and even make a profit. Financial experts suggested: "Instead of prepaying, we might as well temporarily choose other channels such as investment funds and bank wealth management products to expand our financial resources, so that we can keep some funds in our hands so that we can advance and retreat freely."
2. Buyers whose repayment period of equal principal has expired 1/3. For borrowers who meet this situation, the average capital method pays the same principal every month, and the interest generated by the remaining small loans will not be too much, so it is of little significance to repay the loan in advance.
3. Buyers whose equal principal and interest repayments have reached the mid-term. For those who choose equal principal and interest repayment, most of the money repaid in previous years is interest, and the proportion of principal in the repayment amount is very low. For those who have paid more than half, they have actually paid most of the interest. At this time, repaying the loan in advance will not save much interest. There are two common options for prepayment: different prepayment methods and interest saved in different parts. The first option is to keep the monthly repayment amount basically unchanged and shorten the repayment period. The second type: reduce the monthly repayment amount, and the repayment period remains unchanged.
If citizens do not have enough funds to repay in advance, but want to save interest, then they can choose the method of shortening the loan period. If you shorten the loan term, the interest expense will be reduced accordingly. If you can pay off your mortgage within 20 years and the financial pressure is very small, then you don't have to borrow for 30 years. For example, suppose Mr. Liu borrows 600,000 yuan on April 65,438+0, 2065,438+03, with a term of 65,438+00 years, and enjoys a discount of 15% on the interest rate. At present, the monthly repayment amount is 66,365,438+0 yuan. If it is planned to repay 50,000 yuan in advance on February 20th, 20 16, 16. Then the remaining money can be repaid in two ways: 1. By reducing the monthly repayment amount and keeping the repayment period unchanged, the monthly repayment amount after prepayment is about 5,500 yuan, and the interest expense saved by prepayment is about 1 10,000 yuan; 2. Shorten the repayment period by keeping the monthly repayment amount basically unchanged. After prepayment, the monthly repayment amount is basically unchanged, but the mortgage will be paid off 13 months in advance, and the interest expense saved by repayment is 2 10000 yuan. By comparing the two methods, it can be seen that the method of shortening the fixed number of years will pay less interest of about 1 ten thousand yuan.
(The above answers were published on 2016-11-09. The current purchase policy should be based on the actual situation. )
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