If you have a mortgage of 465438+100000, I will choose a longer loan term, mainly considering the repayment pressure and the adjustment of repayment period. Choosing a longer term can leave me more choices for later adjustment.
According to China's bank's mortgage policy, the longest term of mortgage is 30 years, which is a long-term loan. Due to the high mortgage amount, in order to alleviate the repayment pressure of everyone, the longer the loan term, the lower the monthly repayment amount of the buyers, which will not bring greater repayment pressure to the buyers. Many people will try to choose a longer loan term when choosing a mortgage term to avoid the financial pressure caused by their high monthly repayment.
The loan interest rate in China is divided into several grades. When the loan term is more than 5 years, the loan interest rate is the same, and the bank loan interest rate assumed for 30 years and 20 years is the same. If you are not well off, you can choose a 30-year loan period. A longer loan period can reduce your monthly repayment amount and relieve your repayment pressure. When you are well off after a period of repayment, you can choose to repay part or all of the loan in advance, so that your monthly payment will be reduced and your monthly payment will be reduced.
When you apply for a loan, you choose a longer loan term, and you can adjust the loan term according to your financial situation later. For example, if you applied for a loan term of 30 years before, you can apply to the bank to reduce the loan term to 20 years or 15 years, so as to increase the monthly repayment amount.
When you choose a longer term when applying for a loan, it leaves a lot of room for your subsequent loan changes. You can re-select the repayment amount and repayment period of the loan according to your own needs, but you have chosen a shorter loan period before, so there is less room for subsequent choices.