First, the advantages and disadvantages of installment payment analysis
Installment payment is a price settlement method of housing credit sales business, which is widely used in housing sales. In this way, the buyer usually pays more than one-time payment, but at the same time it can reduce the possible losses in the auction, such as "unfinished houses", as well as the decline in house prices other than the down payment and the changes in the economic situation of the buyer.
Loan installments are generally paid off in several years. The key here is when the installment payment will start except the down payment, in other words, when the loan bank will hand over the loan from the property buyer to the real estate developer. This time can start as soon as the loan procedure is completed, or it can start as soon as the house is handed over, which is more beneficial to the buyers.
In favor: to ease the economic pressure of one-time payment, you can also use the house payment to urge developers to fulfill their commitments in the contract.
Disadvantages: With the extension of the payment period, the interest rate will be higher, and the amount of house payment will be higher than that of one-time payment.
Two, the advantages and disadvantages of one-time payment and installment payment comparison
First of all, in terms of payment finance, the one-time payer finance is less than the total finance of installment payment. This is because the unpaid part of the installment payment is actually equal to the amount paid by the seller to the buyer in the future, including not only the unpaid amount, but also the interest on the funds payable. So the final total expenditure of installment payment is generally greater than the amount of one-time payment.
Secondly, from the perspective of investors' flexibility in mastering funds, the comparison here has a premise that installment payers also hold one-time payment funds, but they are unwilling to use one-time payment. If he doesn't have enough money to buy a house at one time, he can only pay by installment. Under this premise, it can be considered that installment payers have greater flexibility in the use of funds. Because the installment payer can keep a lot of cash in addition to the finance paid in advance, if there is a good investment opportunity at this time, the income he gains may greatly reduce the loss of interest. What should be paid has been paid, so when there is a good investment opportunity, it is possible to lose the opportunity and miss the excellent possibility of making money.
Thirdly, from the perspective of risk, the risk of installment payment is greater than that of one-time payment. Because the total amount of installment payment is higher than one-time payment, the investment cost is high, and at the same time, it is necessary to guard against the fluctuation of interest rate. If the interest rate is raised during the payment period, people who pay by installment will not be as happy as those who pay by lump sum when they mortgage their houses.
In addition, we also need to pay attention to another problem: as far as most of the buildings for sale are concerned, one-time payment will increase the risk of buying a house. If the developer fails to deliver the house on schedule, or even the project is "unfinished", then you may lose more benefits, or even be totally slapped in the face by Shui Piao.
Therefore, the one-time payment is applicable to the situation that the buyers have sufficient funds, the developers have a good reputation and are existing houses. Even in this case, it is suggested that it is best to pay 90% of the total amount in case of emergency.
Three, installment payment need to pay attention to:
1. The auction house suggests installment payment. After the buyer pays the down payment, he will sign a formal house sales contract with the developer. When the house is delivered, he will pay all the house price and handle the transfer of property rights.
2. For the installment payment of existing houses, it is suggested that the house should be delivered first and then the cash should be delivered at the same time as the house payment.
Although installment payment costs a lot more interest than lump-sum payment, from the perspective of inflation, with the "money becoming less and less valuable", the longer the loan time, the less and less repayment pressure in the future.
(The above answers were published on 20 17-05- 16. Please refer to the current actual purchase policy. )
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