Which is more cost-effective, mortgage or mortgage

Generally, the repayment method of mortgage loan is a five-year credit, and the interest is repaid every month. When the principal needs to be returned in one year, the bank will reissue the loan within the limit. This repayment method requires a lot of money. Every year, when the principal is returned, you need to prepare the principal and return it to the bank at one time. It is difficult for ordinary families to come up with such a sum of money. At the same time, the annual repayment will involve the annual loan, and the bank cannot guarantee that the annual loan will be issued smoothly. In case the bank's policy is adjusted and the loan cannot be realized, the pressure on the borrower is very great. Housing mortgage loan is different. As long as the borrower pays the loan on time after buying a house, then the bank will not ask for the loan in advance. Because the term of housing mortgage loan is long, the monthly repayment pressure of the borrower is small.

2. From the perspective of loan purposes

The original intention of different loan products is to have corresponding use considerations. For example, mortgage loan, because the term of mortgage loan is short, is designed for business operation when developing this product. Because the business will generate certain cash flow, the business has the ability to repay the loan principal after the maturity every year. There are great risks in the operation of enterprises, so the product term of mortgage loans is short, which means that there are unpredictable risks in the operation of enterprises in the next few years, which will affect the subsequent repayment. The purpose of the mortgage loan product itself is to buy houses for buyers. The mortgage loan has a long term, which makes the borrower's repayment pressure small and meets the actual needs of buyers.

which is the interest base, mortgage loan or real estate license mortgage loan?

Generally, the interest rate of mortgage loan is lower, but this is not comparable, because the mortgage loan for buying a house (mortgage) has national preferential policies, while the mortgage loan for real estate is generally a commercial loan, so there is no way to compare the two!

The purpose of real estate mortgage loan is different. Generally, the real estate is used as collateral to obtain funds, while the mortgage loan for buying a house is a loan for buying a house. The two cannot be compared.

Extended information

Difference between mortgage loan and mortgage loan

1. Different loan conditions

Mortgage loan is a personal housing loan business in which buyers use the purchased houses as collateral and the real estate enterprises that purchase houses provide phased guarantees.

Mortgage loan refers to a loan obtained from a bank with a certain amount of collateral as a guarantee.

2. Loan uses are different

Mortgage loans are mainly used for buying houses

Real estate mortgage loans are mainly used for business and consumption purposes.

3. Different application materials

The borrower applying for housing mortgage loan must provide the down payment certificate, purchase contract and other materials;

The borrower applying for real estate mortgage loan needs to provide real estate license, state-owned land certificate, loan use certificate and other materials.

4. Different loan periods

The longest loan period of housing mortgage loans can reach 3 years;

the longest loan term of real estate mortgage loan shall not exceed 2 years.

5. The loan interest rate is different

The housing mortgage interest rates can be discounted, of course, it can also go up, or it can be implemented at the benchmark interest rate; Real estate mortgage loans generally float on the benchmark interest rate. Generally speaking, the mortgage loan has a lower interest rate than the mortgage loan.

mortgage or mortgage

mortgage or house loan depends on the annual interest rate to determine which is more cost-effective. Usually, the interest rate of house loan is lower, so house loan will be more cost-effective.

about buying a house loan.

house purchase loan refers to the loan business in which the buyer applies for a loan from the bank with the building traded in the house as collateral to pay the house purchase price, and then the buyer pays the principal and interest to the bank in installments. Also known as mortgage loan. The process of buying a house by loan is: preparation before house inspection-field house inspection-numbering, house selection-subscription, deposit payment-online signing, contract signing, down payment-loan-house inspection-tax payment-housing book. The following will introduce these processes in detail.

the specific process of buying a house with a loan

① Before you look at the house, you must first determine the type of real estate you want to buy, and then allocate funds reasonably according to the type of house you want to buy.

② Visit the house on the spot to know the specific situation of the whole building. If you buy an existing house, you can directly see the structure and apartment type of the house, and you can also ask the property consultant about the surrounding facilities and planning and construction. If it is an auction house, you can only understand the structure of the house by looking at the floor plan. As the surrounding facilities are still under planning, buyers can inquire about the surrounding planning documents.

(3) Rank and select houses. The developers will ask the buyers to rank the houses, and wait until the real opening day to select houses according to certain rules. When choosing a house, buyers can make a backup plan in advance, mainly from the following six aspects, including: location, price, surrounding municipal planning, environmental support, housing structure and orientation and property management.

④ Before subscribing and paying a deposit to select a house for subscription, the buyer needs to prepare the materials for the qualification examination of the house purchase in advance, and hand them over to the staff of the developer after signing the subscription letter. At the same time, at the time of subscription, a part of the deposit will be paid, and the deposit will have a receipt (UnionPay receipt), and the deposit payment amount will not exceed 2% of the total house price indicated in the contract.

⑤ After the online signing, contract signing and down payment are submitted to the house purchasing qualification audit, the audit results will be issued within 1 working days. If approved, the developer will inform the buyers to sign the purchase contract. (Xianfang: Xianfang sales contract; When signing a house purchase contract, we should pay attention to whether there are blank clauses in the contract, whether the rights and obligations in the supplementary agreement are equal, whether the liability for breach of contract and compensation are clearly written, and whether the delivery date and delivery standard are clear. Pay the down payment, generally there will be pos machines in the sales office, and the UnionPay receipt paid by credit card should be kept away, waiting for the down payment invoice issued by the developer. Usually you can get it on the same day.

⑥ loan If there are bank staff stationed in the sales office, the buyers can hand over the prepared materials to the bank. The lending time is related to the speed of bank processing and the capping of buildings. Take Beijing as an example. In the case of auction, after the loan time of commercial loans and municipal provident fund loans is capped, the mortgage time of state-managed provident fund loans has nothing to do with whether it is capped or not.

⑦ house-closing and house-inspection buyers need to wait for the developer to inform them of the house-closing, and pay attention to the time of house-closing. When inspecting a house, you should carefully check every detail of the house, or you can find a professional to inspect the house. Check the "three certificates, two books and one form". If the developer can't produce these documents, he can refuse to accept the house.

⑧ After paying taxes and taking over the house, you need to go to the local tax bureau to pay taxes. Generally speaking, commercial housing needs to pay deed tax and residential special maintenance fund, and then pay property fees, heating fees, parking spaces and other fees.

pet-name ruby for housing loans, buyers only need to hand over the preparation materials to the developer. Under normal circumstances, the housing will be issued within 18 days (existing house) to 27 days (forward house) from the date of occupancy.

Precautions for buying a house with a loan

① Personal credit record is very important. If there is a record of overdue for three consecutive months for six months, the bank will basically not lend you a loan.

② proof of income. The proof of income should cover twice the liabilities in the name of the individual, and it should be issued according to the requirements of the specific bank in the month when the bank is running.

③ Keep the purchase invoice. The purchase invoice for loan includes the down payment invoice and the loan invoice. If you buy an existing house, you need to pay taxes with these two invoices when you pay taxes; If the purchase is faster, there is a difference in area, developers will generally re-open a down payment invoice and recycle the previous invoice. If the down payment invoice is accidentally lost, the developer will not change the invoice, and the buyer needs to go through the formalities of missing the invoice, because there is no way to make up the invoice.

④ provident fund loan It should be noted that the provident fund loan needs to be paid in full for 12 consecutive months, and it is still being paid before applying for the loan. Compared with commercial loans, provident fund loans take a relatively long time.