At present, most people buy houses with loans. However, the down payment must be paid, not a loan. Therefore, we have to see whether we can settle down before the mortgage is paid off, because only when we settle down can we prove that we are urban people, otherwise we will be rural hukou and our children will not be able to go to school. In addition, we also need to know the calculation methods of mortgage.

Can I settle down if the mortgage is not paid off?

The house could not be settled during the loan repayment period, but now it can be sold by refinancing. Sub-mortgage is a personal housing mortgage loan. Personal housing mortgage loan refers to a loan in which the borrower who has applied for personal housing loan in the bank requests the original lending bank to extend the loan term or sell or transfer the personal housing mortgaged to the bank to a third person, and applies for personal housing loan to change the loan term, borrower or collateral.

The essence of remortgage is that the borrower of the purchased property changes. In other words, in the case that the loan is not paid off, the purchaser can transfer or sell the property; People who buy real estate can apply for second-hand housing loans from banks. Property buyers can also buy cheaper housing when their income is low and their repayment ability is insufficient. After their income increases and their repayment ability increases, they will resell their first suite to others and then buy better housing.

Calculation method of mortgage loan

1. repayment method of equal principal and interest: monthly repayment amount = [repayment months of loan principal at monthly interest rate (1+ monthly interest rate) ][( 1+ monthly interest rate) repayment months-1], and monthly interest payable = monthly interest rate of loan principal [(/kloc-]

2. Interpretation of the equal principal and interest repayment method: the equal principal and interest repayment method refers to the equal repayment of the loan principal and interest every month during the loan period, that is, the total amount of mortgage principal and the total amount of interest principal are added and evenly distributed to each month of the repayment period. At present, many people choose this repayment method. Features: In the monthly repayment amount, the proportion of principal increases month by month, while the proportion of interest decreases month by month.

3. Interpretation of average capital Repayment Law: average capital Repayment Law refers to equal repayment of the loan principal every month, and the loan interest decreases with the principal month by month. That is, the principal is allocated to each month, and the interest between the last repayment date and the current repayment date is paid off. Characteristics: With the passage of time, the repayment burden will be gradually reduced, and the pressure in the early stage of repayment is greater. The advantage of this repayment method is that it can save more interest than the interest paid in advance with equal principal and interest. The disadvantage is that the pressure of prepayment is great.

After the introduction of this article, we mainly look at whether the mortgage has not been paid off, and we have written all the relevant introductions on it. We already know that the house can't be settled during the loan repayment period, but we can take the form of refinancing, so that we can leave our hukou in the city and let our children go to school. At the same time, we also know how to calculate the mortgage.