After the loan, the monthly repayment amount will basically become a clear thing, and there will be no major changes. In the environment of inflation, the devaluation ability of currency is far greater than the value of monthly supply. Maybe a monthly payment of 5,000 yuan in January is only equivalent to 3,000 yuan in three to five years or ten years. The longer the loan time, the more interest, but from the perspective of repayment, it is earned to repay this monthly payment after many years.

2. The longer the loan term, the less the monthly pressure.

The same loan 1 10,000, or 10 years, 20 years, 30 years. In the same period, the monthly payment amount is different. If you simply think about it, it must be that the longer the loan period, the less the monthly payment. This is a thing that can alleviate the financial pressure and life pressure for most buyers who buy houses with loans. After all, in addition to monthly payments, there are still many places in our lives that need financial support.

3. The longer the loan term, the greater the selectivity of prepayment.

Loans will also involve prepayment. Although it has always been against prepayment, since there is such a saying, there is always a relatively cost-effective repayment method. Generally speaking, the term of prepayment should not exceed 1/3 of the loan term, because loans usually pay interest first and then principal. It is not worthwhile to exceed 0/3 of the loan term of 65438+. For example, the loan 10 year, the most suitable time for prepayment is the first three years; If the loan term is 30 years, you will have 10 years to decide whether to repay in advance.

4. Leave more liquidity for emergencies.

For people who buy a house with a loan, except for the mortgage, other expenses in life are calculated one by one, fearing that they will be at a loss without cash in their hands. At this point, the benefits of extending the loan life are highlighted. The shorter the loan period, the more money will be invested in the mortgage. The longer the loan period, the less money will be invested each time. This is a very simple narrative. At present, the remaining funds in hand can be used for emergencies, and other wealth management products can also be purchased to achieve the effect of Qian Shengqian. This move is also a common investment means of real estate speculators.

What factors affect the mortgage term:

1) Property market regulation policy:

This directly affects the term of the mortgage. After all, the policy is out and out. For example, the longest term of Beijing provident fund loans was originally 30 years, but due to the regulation of the property market, the longest term of provident fund loans was shortened to 25 years.

2) Nature of the house:

The longest loan period for ordinary housing is 30 years; For commercial buildings and commercial and residential buildings, the longest loan period is 10 year; The longest loan period for private property transfer houses and auction houses is 20 years;

3) Room age:

The loan period of second-hand houses is shorter than that of new houses, and the longest is no more than 20 years. The loan term is comprehensively calculated according to the remaining ownership time of the property.

4) Lender's age:

Although at least 18 years old and under 65 years old can apply for a mortgage, the sum of the age of the main lender and the loan period does not exceed 70.