In China, mortgage loans are now the payment method chosen by many ordinary families to buy a house. The mortgage loan ranges from hundreds of thousands to millions. So, the longer the loan repayment time, the better, or the shorter the loan repayment time, the better. What about short? Regarding this issue, many home buyers have said that of course the shorter the better, it is better to have spare money to pay off the mortgage in advance, so that the interest will be much lower, which not only saves money, but also makes it easy to be debt-free. However, many people don’t agree. They think that the longer the mortgage period, the better. Even if you have spare money, don’t rush to pay it off. Why do some people think that the longer the mortgage period, the better? 1. Resist the currency devaluation caused by inflation

Everyone with a mortgage should pay attention to inflation, and in the future, our country may be in "high inflation, low interest rates" for a long time status. What does this mean? To put it simply, money may become less and less valuable in the future, and the depreciation ability of currency is far greater than the value of monthly payments. At this time, the long-term mortgage loan can resist currency depreciation.

For example, 5,000 yuan may be worth 5,000 yuan now, but in a few years, 5,000 yuan may only be worth 4,000 yuan. By then, prices will rise, wages will rise, and the pressure to repay loans will also increase. correspondingly smaller.

2. It is easy to save money for financial management

Nowadays, people who know how to save money are far inferior to those who know how to manage money. In fact, when the interest rates on housing provident fund loans and commercial loans are very low, the longer the loan, the less pressure you have to repay each month, and it will be easier for you to save money. This spare money can be used for financial management to achieve a rapid increase in wealth.

Some friends may say that financial management involves risks and the possibility of losing money. In fact, as long as you do not manage financial products with high-risk products, most of the time your annual income will exceed the mortgage interest rate of the housing provident fund. 3. 25% or commercial loan and home loan interest rate of 4.9%.

Of course, it is recommended to borrow as long as the loan period is, because in today's financial management, except for housing loans, it is difficult to borrow such a low amount or such a large amount. If you don’t have a loan, it’s better not to pay off the loan in advance and go directly to financial management.

3. Less monthly payment, more spare money, better quality of life

After taking out a loan to buy a house, it is conceivable that the house slaves will save money almost every month. They don’t dare to get sick or travel, and their quality of life is severely reduced. Extending the mortgage period can relieve the pressure of housing slaves and can also provide the next generation with a better life and education.

Only the longer the loan period, the quality of life of home buyers will not be affected. Moreover, the bank’s mortgage interest rate is currently the lowest financing interest rate, and any financing interest rate for developers is much higher than that of housing loans. , a mortgage can be said to be a financing benefit provided by the state to everyone.

The above is the entire content of this article. Why is it best to choose as long as the loan term when buying a house with a loan? The reasons are above. Finally, to popularize the science, the maximum term of personal housing loans is 30 years; the maximum term of personal business loans is 10 years; the age of men is not more than 60 years old, and the age of women is not more than 55 years old. However, some banks now The age of the borrower has been relaxed, so you can ask the bank before applying.