How to buy a house loan?
1. When we mortgage the house, we need a lot of procedures. First of all, we need the ID card of the buyer, the original account book of the buyer, and six copies of these documents.
In addition, when we are in mortgage to buy a house, we need to prepare the original price of our marriage certificate and a copy of the marriage certificate of the other party.
3. You need loan qualification when you are in mortgage to buy a house, so you need to prepare your original income certificate when you buy a house. In addition, if there is no unit, you need proof from the relevant departments in your community or area. Marriage requires the documents of both husband and wife.
In addition to the above documents, we also need to prepare a bank running bill for at least half a year, which is generally more than twice the monthly payment. You can provide driving license, stocks and other materials that can prove repayment ability, which is convenient for banks to check and verify.
We need to apply for a property certificate that we bought a house. This requires your originality. We can go to the Housing Authority in your area when applying. The Housing Authority will issue a certificate to you soon after general verification.
6. We have basically completed the mortgage application now. Finally, we need some original certificates of down payment for house purchase, so that the bank can check with relevant departments. We also need three copies of down payment certificates for house purchase.
What are the repayment methods?
1, repayment method of equal principal and interest:
Monthly loan amount = [loan principal × monthly interest rate ×( 1+ monthly interest rate )× repayment months ]=[( 1+ monthly interest rate )× repayment months]
Monthly interest payable = loan principal × monthly interest rate ×[( 1+ monthly interest rate) repayment months -( 1+ monthly interest rate) (repayment month serial number-1)] ÷ [(1+monthly interest rate) repayment months -650.
Monthly repayment principal = loan principal × monthly interest rate ×( 1+ monthly interest rate) ÷ (repayment month serial number-1)÷[( 1+ monthly interest rate) repayment months-1]
Total interest = repayment months × monthly repayment amount-loan principal
2, the average capital repayment method:
Monthly payment = (loan principal ÷ repayment months)+(loan principal-accumulated repaid principal) × monthly interest rate.
Monthly repayable principal = loan principal ÷ repayment months
Monthly interest payable = residual principal × monthly interest rate = (loan principal-accumulated principal repayment) × monthly interest rate
Monthly decreasing amount = monthly repayable principal × monthly interest rate = loan principal ÷ repayment months × monthly interest rate.
Total interest = [(total loan ÷ repayment months+total loan × monthly interest rate)+total loan ÷ repayment months ×( 1+ monthly interest rate) ]> 2× repayment months-total loan.
Monthly interest rate = annual interest rate12