When we buy commercial housing for bank mortgage, we need to make a choice in the proportion and duration of mortgage. At present, commercial banks provide a wide range of housing mortgage loans, the loan ratio can range from 1 to 70%, and the loan term can range from 1 year, 5 years, 10 year, 20 years to 30 years.
How to choose the proportion and duration of housing loans?
The amount of loan depends on how much money you can take out at one time when you make a down payment, and how much monthly house you can afford in the future. The advantage of a high loan ratio is that the down payment is small, which can solve the problem of insufficient family financial resources at present, but the repayment pressure will be greater every month in the future; On the contrary, choosing a loan with a low down payment ratio requires a higher amount of funds, but the future repayment pressure is less. Secondly, it depends on the current loan interest rate level and the rate of return on funds used for other family investments. If the rate of return on funds invested in other investments is greater than the loan interest rate, we should choose a loan with a higher percentage, so that the return on other investments of the family's own short-term surplus funds is greater than the interest paid by the loan, and the family can obtain excess income; On the other hand, if the return rate of other investments is less than the loan interest rate, it is necessary to increase the proportion of loans, and pay as much down payment as possible according to the actual situation of family financial resources, so that interest can be paid less in the future. Finally, it is necessary to compare the interest rate of bank loans with the inflation rate, because the house itself has the function of maintaining and increasing value. Generally speaking, the value of the house and the price index should change synchronously. When the bank interest rate is less than the inflation rate, that is, the real interest rate is "negative", it is definitely cost-effective to invest in real estate. At this time, we should make full use of the leverage of bank mortgage and choose a large proportion of loans.
The choice of loan term is relatively simple, mainly depending on our monthly payment ability. If the family expects a large monthly income, it is necessary to choose a shorter loan period, that is, the so-called loan period should be short rather than long. With the down payment ratio unchanged, although our monthly repayment amount has been increased in a shorter time, with the reduction of the total repayment time, our working time for the bank has been effectively shortened, and the total interest required for the loan has also dropped significantly. It is more cost-effective to choose short-term loans under the premise of family economic conditions.
(The above answers were published on 20 15-07- 17. Please refer to the current actual purchase policy. )
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