What if a family of three hasn't paid off the loan in the name of upgrading the house?
Mr. Sun, a Beijing citizen, bought a small two-bedroom apartment in Tongzhou with a loan after he married his wife a few years ago. At present, there are still about 600,000 loans outstanding. Because my son is going to primary school soon, I recently saw a school district house with an estimated house price of about 3.4 million in Xicheng. Because the mortgage in his name has not been settled, his savings can be settled in one lump sum, but he is not sure whether to repay in advance before buying a new house. Seeing his son approaching school age, he was at a loss.
In view of Mr. Sun's situation in this case, "Jia Wei Anjie" has designed the following three loan methods:
Method 1: the first suite will continue to repay, and the second suite will pay 50% down payment.
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Jia Wei analysis: Anjie pointed out that according to the current "3.30" mortgage policy, as long as there are outstanding housing loans under Mr. Sun's name, only commercial loans can be used for outstanding loans, and the down payment ratio is 50% of the house price according to the implementation of banks. The down payment of the appraisal price of 3.4 million yuan becomes 6.5438+0.7 million yuan, and the interest rate of the remaining loan amount also rises by 654.38+00% on the basis of the benchmark interest rate. On the basis of continuing to pay off the monthly payment for the first suite, Mr. Sun has to pay an additional down payment of 6.5438+0.7 million and the monthly payment for the second suite, which is equal to the sum of the two houses, which undoubtedly increases his economic pressure.
Method 2: the first suite is paid in advance, and the second suite is paid 30% in advance.
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Jia Wei analysis: For buyers whose first home loan has been settled, buying a house again according to the current policy will be regarded as the first home, and the down payment ratio will be 30%. Jia Wei Anjie believes that if Mr. Sun has the financial ability, he can repay the remaining 600,000 loans in advance. If he mortgages about 600,000 houses under his name in advance, the down payment ratio of commercial loans is only 30% when he buys the second suite again, which is equivalent to 6.5438+0.02 million according to the evaluation price of 3.4 million, and the remaining 2.38 million is mainly commercial loans. At present, banks can enjoy 8.8% discount or 10% discount on the benchmark interest rate of the first suite. Although this method requires a lot of upfront funds, it can reduce the down payment pressure of the second suite. In addition, it usually takes about 1-3 months for the buyer to complete the deduction after applying for prepayment at the bank. If you want to buy a house again, you'd better make preparations in advance and ask whether the bank charges a handling fee and different regulations and requirements.
Mode 3: Buy the second suite in full, without debt.
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Jia Wei analysis: If Mr. Sun has sufficient deposits on hand, he can directly pay for the second suite without prepayment. Because it is the full payment, it does not involve down payment and monthly payment. While continuing to repay the monthly payment for the first suite normally, Mr. Sun can borrow money from relatives and friends to pay the full amount of 3.4 million yuan for the second suite, and then repay the money to relatives and friends or decorate a new house to buy furniture by making up the mortgage loan. However, the longest term of mortgage repayment is only 10 year, and the processing time is within half a year after getting the house, so the timeliness requirement is very strong, so it will aggravate Mr. Sun's later economic pressure.