If the loan is repaid with equal principal and interest in 30 years, 15 to 20 years is the most appropriate; If it is the repayment method in the average capital, it is most appropriate to pay it off within fifteen years.

1. What are the skills of equal principal and interest repayment?

Matching principal and interest repayment method, there is a fixed loan principal and interest every month, and the monthly repayment pressure is balanced. However, the principal and interest repaid every month are changing. The interest repaid in the early stage of loan repayment is more, the principal is less, and the principal repaid in the later stage is more.

Pay attention to the choice of equal principal and interest repayment. If the loan is repaid in advance, the one-time repayment amount is the remaining principal and outstanding interest on the day when the loan is repaid. The amount of interest saved by early repayment is related to the time to pay off the loan in advance. The sooner you repay the loan in advance, the more interest you will save. _

2. What is the calculation formula of equal principal and interest repayment?

One of the most important characteristics of the equal principal and interest method is that the monthly repayment amount is the same. In essence, the proportion of principal increases month by month, while the proportion of interest decreases month by month, and the number of monthly repayments remains unchanged. That is to say, in the distribution proportion of "principal and interest" for monthly payments, the proportion of interest repaid in the first half is large, while the proportion of principal is small, and it gradually turns into the proportion of principal and interest is small after the repayment period is over half. The calculation formula is: monthly repayment amount = [principal x monthly interest rate x( 1+ monthly interest rate) loan months ]/[( 1+ monthly interest rate) repayment months-1], monthly interest = remaining principal x monthly interest rate, and total interest = loan amount * loan months * monthly interest rate *.

Note: In the method of matching principal and interest, banks generally charge interest on the remaining principal first and then on the principal, so the proportion of interest in monthly contributions will decrease with the decrease of principal, and the proportion of principal in monthly contributions will increase, but the total monthly contributions will remain unchanged.

Third, what are the precautions for applying for a mortgage?

1, the repayment method is clear: at present, the repayment methods of bank housing loans are mainly equal principal and interest and average capital. Everyone should choose a more suitable repayment method according to their actual situation to reduce the pressure of life. Although the average capital interest is low, the monthly supply is high and the pressure is relatively high. The total interest of equal principal and interest will be higher, but the monthly repayment pressure is small. You can choose the appropriate repayment method based on your own situation.

2. You can apply for deferred repayment: after applying for a loan from the bank, the bank will credit the loan into the account, and then the buyers can start to repay the loan on a monthly basis. Generally speaking, buyers only need to repay the loan on time every month. However, if the loan cannot be repaid on time due to difficulties, the buyer can apply to the bank for changing the loan term, and the loan bank can extend it if it agrees.

3. Define the time of loan: After the bank approves the loan, it will not immediately transfer the money to the buyer's account. It takes time for banks to review the lender's information and loan amount. Buyers who are eager to buy a house should ask the bank clearly, and there is a situation in which the bank is short of funds and waits for a year to lend money.

The average capital loan is 30 years. Which year is better for prepayment? How to calculate?

30 years of equal interest, not as good as 7 years ago. Repayment by installment, monthly repayment, monthly repayment, in which the interest in the loan accounts for more than the principal, and the principal accounts for more than the interest in the monthly repayment. According to the fixed interest rate of 30 years, the monthly interest rate will be lower and lower after 7 years, the ratio will be lower and lower after 7 years, and the ratio will be lower and lower after 7 years.

If you can return it as soon as possible, the sooner the better. If the user's economic conditions permit, the interest rate can be fixed for 30 years, and the repayment can be made in advance after one year, which can save more money, but it will not be good for more than 7 years, because the interest rate is higher than the loan, and there will be more money left.

What is the difference between equal interest and equal interest? 1, with different definitions.

Equal interest rate is also called "fixed interest rate", which means that the borrower pays a certain amount of repayment interest rate every month and calculates the monthly interest rate based on the balance of the month. The most striking feature of this method is to increase the principal every month and lower the interest rate every month. Equal cost is also called cost with interest and unequal interest repayment. The lender distributes the principal on a monthly basis and pays the interest from the previous day to today. In this case, the principal will not change and the monthly interest will increase every month. In this case, the initial payment of principal and interest will be more.

2. The right person

The mortgage interest rate is more suitable for families with stable wages, especially young people. The more work experience they have, the more opportunities for promotion, which represents their salary level, which can reduce their loan burden and improve their living conditions. But if it is equal, then in the early stage, he will face a huge economic burden.

Equal interest is more for those who have fixed savings, have the ability to work and have great expectations for future income, while those who have enough financial resources can pay the same amount of cash.

3. For different interests, the total interest paid in the form of equal principal and interest is greater than the proportional principal and interest, and with the passage of time, the difference in interest will become larger and larger. However, because the repayment rate of this method is the same, the interest rate method can be used for the expenditure scheme suitable for families, especially young people, because the older you are or the higher your status, the higher your salary will be.

The amount of equal repayment in the first installment is the highest, and will increase every month in the future, less and less. The interest rate of all fees is lower than that of proportional payment. However, this repayment method has a higher repayment amount in the early stage, which is suitable for the past and has a better repayment ability, while the elderly can choose to repay with principal, because the older they are or the lower their income will be after retirement.

It is the most cost-effective to pay off the 30-year mortgage in a few years.

If the loan is repaid with equal principal and interest in 30 years, 15 to 20 years is the most appropriate; If it is the repayment method in the average capital, it is most appropriate to pay it off within fifteen years. But now the income of ordinary people is generally rising, while the currency is constantly depreciating. For these reasons, some people prefer to invest their surplus funds rather than repay their loans. How to pay off the loan depends on the individual's economic ability. If the wealth management income is higher than the interest, there is no need to pay off the loan in one lump sum for the time being. On the contrary, it is recommended to pay off the loan first.

Choosing a loan to buy a house in this way means living as a "house slave" in the future. Most people will consider paying off the loan in advance after the economic conditions improve to reduce the pressure. Then let's take a 30-year mortgage as an example. How long will it take to pay off in one lump sum? It is popular to plant low-carbon trees to meet the needs of economy. One tree yield 198, 270 yuan cycle 2700, ten trees have different returns. You can learn directly from Baidu (Lin), and it is not a problem to increase thousands a month.

First of all, there are two repayment methods of mortgage, namely, equal principal repayment and equal principal and interest repayment. In general, Bian Xiao doesn't advise you to pay off your mortgage in advance. Because we borrow money to buy a house, the mortgage is fixed, the money is depreciating and the salary is rising. Maybe after twenty or thirty years, your monthly payment will be nothing in your income, so in this case, it is absolutely cost-effective to buy a house with a loan, and the longer the loan, the more cost-effective, so it is not recommended to repay in advance.

So if you really want to pay in one lump sum, here are some suggestions for you:

1. The loan term is 30 years. If the average capital is chosen as the repayment method, because this repayment method belongs to early repayment of principal, the principal to be repaid also decreases with the increase of time. Therefore, under this repayment method, it is recommended that you do not exceed the average loan life, that is, 15 years. It will be more cost-effective to repay in advance. If this time limit is exceeded, it will be unnecessary.

2. After 30 years of loan, if you choose the repayment method of equal principal and interest, because the repayment amount is the same every month, in this case, it is recommended that you pay off the mortgage in one lump sum after 15-20 years. If your current repayment time has exceeded 20 years, the remaining amount is actually paid off slowly, and there is no need to repay the mortgage in advance.

It is most cost-effective to pay off the 30-year mortgage a few years in advance.

Mortgage for 30 years. If you want to repay in advance, the more suitable repayment date is within 4-5 years after the loan. In mortgage to buy a house, many property buyers choose equal principal and interest by default. This kind of loan has a high annual interest rate in the first few years, and then it decreases year by year. When the lender wants to repay the loan in advance, the loan interest has actually been repaid by more than half, so it is not cost-effective to repay the loan in advance.

When is the right time for mortgage 30 years in advance?

Mortgage for 30 years. If you want to repay in advance, the more suitable repayment date is within 4-5 years after the loan. In mortgage to buy a house, many property buyers choose equal principal and interest by default. This kind of loan has a high annual interest rate in the first few years, and then it decreases year by year. When the lender wants to repay the loan in advance, the loan interest has actually been repaid by more than half, so it is not cost-effective to repay the loan in advance.

Precautions for prepayment

1, make an appointment in advance

After the repayment period expires one year, if the bank agrees, it can apply in writing for early repayment. Generally speaking, it takes 2-7 working days for banks to handle this business. Banks have different regulations on early repayment of loans, so lenders must make clear the operating procedures of loan banks before deciding to repay loans in advance.

2. The loan documents should be ready.

If you want to repay the loan in advance, you generally need to bring your own relevant information to the bank for relevant examination and approval procedures after applying by phone or in writing. If you are a borrower who has settled all the remaining loans, after the bank calculates the remaining loan amount, it is convenient for the borrower to save enough money to repay the loan in advance. If it is a customer and owner of the sub-mortgage business, it is best to find a professional guarantee institution to do entrusted notarization.

3. Calculation method of interest rate after interest rate reduction

As we all know, the new interest standard is usually calculated from the new year, so if you want to repay the loan in advance, you must seize the opportunity and try to repay the loan in advance before the new interest takes effect at the end of the year. In addition, after paying off all loans in advance, the lender should remember to surrender to the insurance company and other departments.