There is a lot of pressure to repay the mortgage every month! What should I do? You can only study hard and increase your income.

Second, must the mortgage be paid back every month? Can I return it once a year?

For individual housing loans handled by China Merchants Bank, if the loan term exceeds 1 year, it is usually repaid monthly in the form of "equal capital" or "equal principal and interest". The specific loan method you apply for needs to be determined by the handling agency through consultation according to your actual needs, repayment ability, credit history and other comprehensive conditions. You can contact the handling bank directly for confirmation.

Third, in addition to paying the mortgage every month, do you have to pay the bank interest?

There is no need to pay extra bank interest, because bank interest is already included in the monthly mortgage.

For example, for a house with a total price of 50w, the down payment is 20w, the loan is 300,000 yuan, the annual interest rate is 4.9%, and the monthly repayment amount is 2058.34 yuan. The calculation method is: monthly repayment amount of mortgage = annual interest rate of loan principal% 12 loan principal% loan months, and the total repayment amount is 74 100.

Fourth, is it necessary to pay the mortgage every month?

Yes, I have to pay the mortgage every month. The mortgage must be repaid every month, and the repayment of the mortgage is calculated on a monthly basis, which is often called monthly payment. The monthly repayment amount of the mortgage should be determined according to the repayment method and the total loan amount selected by the lender. If we say that when signing a mortgage contract, the user chooses equal principal and interest, then the monthly repayment amount is fixed. The average capital is selected, and the repayment amount decreases from more to less. Two repayment methods, the former is suitable for people with fixed income, and the latter is suitable for people with strong repayment ability in the early stage and weak repayment ability in the later stage. Mortgage repayment process: when repaying a mortgage, the borrower needs to transfer the repayment funds to the repayment account agreed in the mortgage contract, and the bank will automatically deduct the money, as long as the funds are sufficient. Usually, when signing a contract, a lender's bank card with the same name will be bound as the repayment account, so before the deduction date, the monthly payment will be fully deposited into the current account of the debit card, and it will be ok to wait for the system to automatically deduct the money.