Is it worth buying a house with a loan for 30 years?
Buying a house with a loan for 30 years is worth it. The first is the risk of the big environment, such as inflation. If the inflation rate is relatively fast, then your long-term mortgage is appropriate. A simple criterion is the inflation rate, whether it exceeds the interest rate you pay off your mortgage every year. When a country and a society develop normally, the inflation rate should be controlled below 5%, and if it exceeds 5%, it will be a bit high, but the interest rate of mortgage is basically 5.9%, that is to say, it is higher, so there is no need to consider so many inflation factors in this respect. It is said that the inflation in our country is not so serious and the risk is not so high.
Secondly, personal economic ability is very important. Why choose 20 or 30 years? Because you think your financial pressure can be reduced, you earn 5000 a month, and you have to pay back 2000 mortgage, leaving 3000. If you earn your own money at home, your life is very tight, and there is almost no entertainment expenses, especially when your children have to go to school and there are all kinds of people at home. This economic income is not good, and it will take 30 years. But if you can earn 20,000 yuan a month, why not choose 10 year? 10 pay off, and the rest time is free. Whether you buy a car or make other investments, it will be your free time, but your financial ability is different and not entirely subjective.
What are the benefits of buying a house with a loan?
1, spend tomorrow's money to round today's dream.
Mortgage is a loan, that is, borrowing money from the bank. You don't have to spend a lot of money to buy your own house right away, so the first advantage of mortgage to buy a house is that you can buy a house with less money.
2. Use limited funds for multiple investments.
From the perspective of investment, mortgage buyers can invest their funds separately, borrow money to buy a house and rent it, and then invest again, so that the funds can be used flexibly.
The bank will check it for you.
Borrowing money means borrowing money from banks, which naturally care about the quality of real estate projects. In addition to auditing yourself, banks will also help you audit developers and help you check, with a high degree of natural insurance.
Is it worth buying a house with a loan for 30 years? What are the benefits of buying a house with a loan? After reading it, you should already know something about it. In fact, there are many places to pay attention to when buying a house with a loan. You need to know the interest rate of the loan and the mortgage that needs to be repaid every month, combined with your repayment ability and monthly income. Buying a house with a loan actually has many advantages.