If the borrower chooses the repayment method of equal principal and interest, it is suggested to pay off the loan within 1/3 of the total repayment period. If the mortgage is 10 years, it is most cost-effective to pay it off in the first four years of the repayment period. If the borrower chooses to repay the same principal, it is suggested to repay the loan within 65,438+0/2 of the total repayment time and 65,438+00 years of the mortgage. It is most cost-effective to pay off the loan five years before the repayment period.

Extended data:

Do I need to pay interest for early repayment of housing loans?

Whether the borrower needs to pay interest after choosing to prepay depends on the contract. If you choose to pay off all at once, then the subsequent interest does not need to be paid. If the borrower chooses to repay part of the loan amount in advance, the interest calculated according to the loan interest rate agreed in the original loan contract will still be repaid later.

The part that needs to be paid attention to in repaying the loan in advance is not the loan interest, but the liquidated damages. For banks, it is a breach of contract for borrowers to choose to repay loans in advance. General banks will regulate the proportion of liquidated damages in the contract. The penalty charged by most banks is 0%-5% of the repayment amount of 65438+.

Therefore, when the borrower chooses to repay the loan in advance, it is best to call the bank customer service first and ask for details. If the borrower's repayment time has exceeded 3 years, there is a high probability that there is no need to pay liquidated damages.

Process after approval of house purchase loan:

After the house purchase loan is approved, as long as the customer signs the loan contract in time, handles the mortgage and other related procedures, and receives the loan funds, there is no follow-up process to go. After the money is transferred to the bank card under the customer's name, it is also automatically transferred to the account designated by the real estate developer, and the customer does not need to transfer money manually. At that time, the customer only needs to repay the mortgage on time and in installments according to the repayment plan agreed in the loan contract.

After the mortgage is paid off, the customer goes to the bank to handle the loan settlement procedures, handle the loan settlement certificate and get back other warrants; Then take the loan settlement certificate, other warrants and personal identity cards, housing property certificates and other information to the local housing authority to understand the mortgage procedures. When the house is deregistered, it really belongs to the customer.

In short, the whole mortgage process can be divided into the following steps:

The first step: choose a house, sign a house purchase agreement and pay a down payment;

Step 2: Go to the bank to apply for a loan;

The third step: the bank conducts an audit, and the evaluation agency evaluates the value of the house;

Step 4: examine and verify the loan amount and notify the customer;

Step 5: sign a loan contract and apply for mortgage;

Step 6: Bank loan.

There are several kinds of mortgage loans.

There are three ways to apply for mortgage: provident fund loan, commercial loan and portfolio loan. Property buyers can choose according to their actual situation, and these three ways have their own advantages. Housing loan method. Housing loans are flexible and diverse, and can be selected according to their own needs. As follows: 1. You can mortgage a loan by paying a down payment; 2, housing loans, you can apply for real estate licenses and mortgage real estate loans after paying off all the house payment in advance; 3. You can get a housing loan by applying for a provident fund loan, which meets the conditions for a provident fund loan. No matter what kind of loan, it must meet the relevant conditions of the loan, otherwise any kind of house purchase loan cannot be handled.

There are two kinds of mortgages, both of which are cost-effective. thank you

There are two ways of mortgage repayment: equal principal repayment and equal principal and interest repayment.

1, the average capital refers to a repayment method, in which the total loan amount is divided into equal parts during the repayment period, and the same amount of principal and interest generated by the remaining loans in the month are repaid every month. In this way, because the monthly repayment amount is fixed and the interest is getting less and less, the borrower is under great pressure to repay at first, but as time goes on, the monthly repayment amount is getting less and less.

It is also convenient to determine the repayment ability according to your own income.

The total expenditure of this repayment mode may be reduced relative to the matching principal and interest, but the repayment pressure is greater at first.

2. Matching principal and interest refers to a repayment method of housing loan, that is, the loan with the same amount (including principal and interest) is repaid every month during the repayment period, which is different from the average principal.

That is to add up the total principal and interest of the mortgage loan, and then distribute it evenly to each month of the repayment period. The monthly repayment amount is fixed, but the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. This method is the most common and recommended by most banks for a long time.

Matching principal and interest repayment method refers to the borrower's equal repayment of loan principal and interest 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.

Extended data

Because the mortgage lender who needs to repay the loan in advance needs to carefully check the request for repayment in advance and then review it, and the application also takes some time. If the lender wants to repay the loan in advance, under normal circumstances, he should take good care of his ID card and loan contract to the bank after making a phone call or making a written request. As a trustee, he should take good care of the real estate license, settle other debt documents confirming the pledge at the bank, and personally go to the district construction committees to understand the pledge situation. What is not taken seriously is that if the diners don't have a one-time knot.

The original policy and invoice can be booked by calling the relevant security companies. If it is a depositor and the owner who handles the mortgage refinancing business, it is best to find an amateur guarantee service agency to do notarization, so as to avoid the situation that the depositor does not buy or the depositor reviews the formalities after the owner repays in advance.

First, don't forget to surrender the loan in advance.

When the lender handles the loan, the bank will cancel the pledge. For example, if it is necessary to go through the prepayment procedures, Hefei Small Loan Bank normally requires the lender to submit a written or telephone request 15 working days in advance, and the bank will accept the loan. If it is a lender who settles the full balance, Hefu Microfinance is prepared to make a remaining loan line after the bank, so that the lender can take out the remaining money and repay the loan in advance.

Second, pledge cannot be ignored.

The danger of the owner's falling price after the down payment is paid off. After the borrower settles the full amount in advance, the bank will show the settlement certificate, and the lender will make plans after taking care of the loan settlement certificate issued by the bank and the original system of each bank.

Third, prepayment needs preparation.

At present, some banks will release the pledge in person. After the pledge is released, the lender needs to go to the bank to retrieve the original house. There will be changes. Banks stipulate that early repayment should be several times of 65,438+0,000, and some banks still need to charge a certain amount of non-repayment. If the depositor pays off the loan, he must not forget to pledge a certain loan and cannot ask for surrender.