If it is a provident fund mortgage, there is no best time to repay it early because it should not be repaid in advance. If it is a commercial loan, repay the principal and interest in equal amounts, the sooner the better, and if possible, try to choose a part to repay in advance. There is no need to wait until all the money is saved before repaying in advance. If the repayment period exceeds 15 years, you can choose not to repay it in advance. If it exceeds 20 years, there is no need to repay it in advance. You also need to consider the comparison between your bank loan interest rate and the financial market interest rate. Compared with the 15% off bank loan interest rate you applied for three years ago, the current interest rate should be 4.165, so there are many relatively stable investments in the market now. The annual interest rates of financial products are higher than this.

So I think it is less cost-effective to repay in advance than to invest in projects. However, if your interest rate is higher than 5 and you cannot find suitable investment and financial products, then you can repay in advance. It is more appropriate to save loan interest. You can get a loan for 30 years. First of all, you must be around 30 years old. As the first home of the family, you will most likely buy a house within 10 years. Buying a house means paying off the loan. In this case, Don't think about repaying the loan in advance, just pay it off step by step. Since the repayment of equal principal and interest is compared with the repayment of equal principal, in the early stage of repayment, the repayment amount is smaller and the work pressure is less. Since the market liquidity is not particularly abundant,

it cannot be alleviated in the short term, so at least the loan is in the early stage and does not have the ability to repay in advance, so there will be no immediate early repayment. Let’s talk about equal principal repayments. In the loan repayment method of equal principal repayment, the amount of the loan must be divided evenly within the repayment date, and the amount of the loan repaid each month is fixed. So at this time, we need to make a calculation. In fact, for equal principal repayments, the interest on the repayment amount in the first ten years accounts for more than 60% of the total interest. We all know that for your early repayment amount, 60 to 70% is all loan interest. , if you plan to repay in advance, the sooner the better. There is no need to repay in advance after ten years. Why, because after ten years, inflation will generally occur, which is the same as ten years ago. Compared with the income, then it is not the same grade. The repayment amount accounts for the family's annual income is getting smaller and smaller. It can be understood that this is also a benefit of inflation. Inflation not only needs to increase the price level, but also needs to increase wages, and our repayments The quota has not increased, and the same resistance is achieved through expansion. Compared with other loans, the interest rate of a mortgage is extremely low. If you want to repay it early and the standard is met, repaying it all at once is the best way. If you only repay half of it, you will have to pay it back in equal amounts later. The principal and interest repayment method is recalculated, and you will still pay the interest first.