In fact, 30-year and 20-year mortgage loans have their own advantages. The monthly payment for a loan of 30 years will be less than that for a loan of 20 years, so the repayment pressure of customers will not be great. It takes longer to borrow for 30 years, so when you repay the mortgage, you will have to pay more interest. It is suggested that customers with certain financial resources choose to borrow for 20 years, which can reduce the interest, while customers with average repayment ability, in order to reduce the risk of overdue, suggest that it is best to choose to borrow for 30 years, and then if the funds are sufficient, they can choose to repay in advance.

The loan period of mortgage is related to factors such as the age of the house, the age of the land and the age of the borrower. For example, older people or older people may not be able to get loans even if they want to borrow for 30 years, but the borrower's age plus the loan period generally cannot exceed 70 years.

Whether it is a 20-year or 30-year mortgage, there are two repayment methods: matching principal and interest and average capital. Which loan form is more cost-effective? Different families have different answers. In essence, it depends on your personal income level and repayment ability.

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