NO 1, and strive to improve credit.
Usually pay more attention to your credit in the bank and try to improve your credit. Especially for second-time home buyers, in addition to enhancing their credit, they can also concentrate their personal savings, treasury bonds, funds and other financial assets in a bank, and become VIP customers of the bank after reaching a certain amount, so they can enjoy certain interest rate concessions when lending. At the same time, provide as many preferential conditions as possible to obtain more loans, such as self-owned assets and so on.
Second: choose the repayment method flexibly.
There are two common repayment methods, one is equal principal and interest, and the other is average capital. Matching principal and interest, the repayment amount of each period (month) is the same, the principal is repaid first and then the interest is repaid, and the total interest is high. In average capital, interest is paid first, and then principal is paid. The early repayment pressure is great, and it will gradually decrease in the future. Average capital's repayment method is more suitable for high-income people, while average capital's repayment method is more suitable for people with stable income. Some mortgage owners either don't understand the doorways of the two repayment methods, or think that the monthly repayment amount of equal principal and interest is the same, so they choose the repayment method of equal principal and interest. In fact, the average capital repayment method can save a lot of interest for mortgage borrowers compared with the equal principal and interest repayment method. Taking the loan of 300,000 yuan with a term of 20 years as an example, the repayment method of equal principal and interest is adopted, and the monthly repayment is 654.38+0.988 yuan, with a total repayment of 477,000 yuan and interest payment of 654.38+0.77 million yuan. However, if the average capital repayment method is adopted, the repayment will be 25 12 yuan in the first month, and the total repayment will be 452 10000 yuan, and the interest will be paid 15 12000 yuan, which is more than 20,000 yuan less than the former.
NO3: Try to shorten the repayment time.
Biweekly mortgage is one of the ways to shorten the mortgage term.
Biweekly payment is 26 times a year, and monthly payment is one year 12 times. In fact, biweekly payment is one month more than monthly payment. From the interest calculation method, because "biweekly payment" shortens the repayment period and improves the repayment frequency, the proportion of principal in each repayment period is more, the proportion of interest is correspondingly reduced, and the rate of principal reduction is accelerated, thus saving the borrower's total interest expenditure.
In addition to biweekly repayment, the lender can also choose to repay the loan in advance, but experts suggest that if the loan is repaid in advance, the repayment cost and opportunity cost must also be considered. Repaying the loan in advance means giving up part of the working capital, which may disrupt the normal investment rhythm and reduce the quality of life. If there is a better way to invest, there is no need to rush to repay in advance. It is also possible to obtain a return higher than the loan interest rate through reasonable investment.
Fourth place. Loan financing products
In order to help mortgage owners save interest, many banks have launched a series of wealth management products to save mortgage interest. The basic idea is to offset mortgage interest with deposit interest. For the mortgage family, it is equivalent to prepayment, leaving a working capital on hand. Mortgage owners may wish to compare the mortgage financing products of various banks and choose a product that suits them.
Reasonable planning of mortgage will certainly achieve the purpose of financial management and saving money to a certain extent. Have you learned all these tips?
(The above answers were published on 20 16-07-04. Please refer to the actual situation for the current purchase policy. )
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