The loan is 700,000 yuan, the term is 30 years, and the prepayment is 300,000 yuan, so the principal is shortened to 400,000 yuan. In this case, according to the annual interest rate of 3.5%, 30
Second, the commercial mortgage loan of 700,000 yuan has been repaid with average capital for three years. Is it cost-effective to repay the loan in advance? ...
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3. What is the most cost-effective way to prepay CCB mortgage? In 2005, I borrowed from 10 162000 yuan and paid it off in 25 years. What is more cost-effective to prepay 55438+00000 yuan?
1, equal principal and interest repayment method, that is, the borrower repays the loan principal and interest with the same amount every month, in which the monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled every month. Because the monthly repayment amount is equal, after the monthly interest is settled, the loan amount in the later period is also decreasing due to the continuous reduction of the loan principal. The monthly repayment amount is more and the time is longer. At the same time, it is also convenient for borrowers to reasonably arrange their monthly life and financial management (such as renting a house, etc.). ) For the sophisticated people, it is undoubtedly the best choice. It can be seen that most of the loans you repay in the early stage are loan interest, and the loan principal will be repaid in the later stage. It is not recommended that you repay the loan in advance. You should make use of the existing funds to make money.
Fourth, how is it worthwhile to repay 300,000 yuan in advance with a mortgage of 700,000 yuan?
Suitable.
Basically, it is more cost-effective. It can not only save interest, but also reduce the pressure of repayment.
If the liquidated damages have exceeded the interest that the borrower needs to pay, it is not cost-effective to repay the loan in advance. If the repayment method of the borrower is equal principal and interest, and the repayment time exceeds 2/ 1, it is not very cost-effective to repay the loan in advance. If the borrower wants to repay the loan in advance, he should generally go to the bank for examination and approval with his ID card and loan contract after applying by phone or in writing. If the borrower has settled all the balance, it is convenient for the borrower to deposit enough funds to repay the loan in advance after the bank calculates the remaining loan amount. If it is a customer or owner of the sub-mortgage business, it is best to find a professional guarantee institution to do entrusted notarization to avoid the risk that the owner will increase the price after the owner repays in advance, and the customer will not buy it or help the owner pay off the final payment with the down payment.