The loan amount is not higher than a certain proportion of the actual transaction price of real estate and the bank's approved evaluation price. The specific proportion is determined by the local bank branch according to the national housing credit policy and the credit status of the loan applicant.
Choosing an appropriate repayment method is an important prerequisite to help reduce the burden of buying and selling second-hand houses. There are two repayment methods:
Average capital plus interest
This is the most commonly used method, and it is also recommended by most banks for a long time. Add up the total principal and interest of the mortgage loan and distribute it evenly to each month of the repayment period. As a repayment, he pays a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.
Average capital
The lender will allocate the principal to each month and pay off the interest from the previous trading day to the repayment date. Compared with the matching principal and interest, the total interest cost of this repayment method is lower, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month.
Extended data
Second-hand housing transaction risk avoidance methods are as follows:
1. When signing a house purchase contract with the owner of a second-hand house, the buyer should consider the possible hidden dangers caused by factors such as rising house prices in advance, stipulate the liability for breach of contract, and go through the transfer formalities as soon as possible to avoid the other party's remorse.
Before buying a house, the buyer should fully understand the various procedures required for the sale of the house. It is best to choose professionals to provide legal advice and then sign the contract carefully.
3. When signing the house purchase contract, the buyer shall ask the other party to provide the certificate that ensures the right to dispose of the house sold or the certificate that the husband and wife and other people agree to dispose of it.
4. Buyers and sellers of second-hand houses should choose formal intermediary agencies when trading, and agree on the contents agreed by both parties in writing.
5. In order to know the real situation of the purchased house, buyers should know the situation from the property, neighbors and developers before buying a house, and it is best to go to the scene to see the house and make a written agreement on how to bear the responsibility for quality problems.
6. The law clearly stipulates that houses built on rural homestead cannot be listed and traded, and it is suggested that urban residents should not buy such houses, which are not protected by law.
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