1. Advantages of buying a house with full payment

1. The procedure is convenient and fast. Buying a house with full payment eliminates the loan process. The fastest transfer time is 11 days. The transaction cycle is short and saves money. Without the loan appraisal fee, the total cost is low.

2. There is no pressure of regular repayments. Buying a house with full payment eliminates the pain of being a house slave. In addition, you are debt-free and save a lot of interest.

3. There are advantages in negotiating for full payment of a house. When negotiating with the owner, it is relatively more advantageous. The owner or developer considers the capital recovery cycle and is more willing to sell the house to a full payment customer.

4. A house bought with full payment can be easily transferred again. A house bought with a loan can only be sold after the mortgage is released at a later stage. A house purchased with full payment can be sold at any time without being restricted by the loan, making it easy to buy and sell.

2. Disadvantages of buying a house with full payment

The one-time capital investment in buying a house with full payment is too large, which will inevitably affect the investment income of other projects. Moreover, the transaction cycle of buying a house with full payment is short, and there is no house evaluation by the banking system, so it is easy to buy a house that has depreciated in value, which increases the risk for home buyers.

3. Advantages of buying a house with a loan

1. You can buy a house without saving the full amount. With the help of a loan, people in need can quickly own their own house without having to wait hard. Full payment;

2. Use funds other than the down payment for investment. The down payment for buying a house is usually about 30-50%, and the one-time capital payment is relatively small, allowing home buyers with funds to use it for other investments. As long as the return on investment is higher than the interest rate on the loan, it is obviously more cost-effective to buy a house with a loan than with the full payment. Now there are many funds or baby financial products that are higher than the bank loan interest rate, or even twice as much.

4. Disadvantages of buying a house with a loan

The transaction cycle is long. An ordinary municipal provident fund loan takes about 1 month, a state-run provident fund loan takes more than 2 months, and a portfolio loan takes longer. , it will take more than 3 months. In addition, the loan procedures are cumbersome, including various certificates and materials. When you want to sell the house later, you have to pay off the loan and release the mortgage first, which makes selling the house more troublesome.