Some people may think that it is not cost-effective to repay too much interest, but is this really the case?
In fact, this level of loan is very cost-effective, the main reasons are as follows:
However, two preconditions need to be met, that is, the purchaser has the ability to pay the down payment and the monthly mortgage payment will not affect his daily life. If these two premises are met, then it is more cost-effective to buy a house with a loan. Interest cannot be judged from the total amount, but from the interest rate.
Exactly. Don't worry. Go back slowly:
Let's calculate and you'll know why.
Let's look at the rate of currency depreciation: 654.38+ 10,000 yuan. If you save 654.38+00 years, how much interest can you have? If calculated according to the annual compound interest of 3%, it is 654.38+0.34 million yuan! In fact, what is its depreciation rate? Let's have a look. From the perspective of housing price, the housing price of my home in Shanghai was about 7000 yuan per square meter 10 years ago. At that time, everyone was too expensive. Now, the house price is 42,000 ~ 45,000, which means that the house price has increased six times in 10! For other projects, if comprehensively calculated, the depreciation rate of the currency should be between 2.5 and 3 times that of 10. In other words, your current money is worth 250,000 to 300,000 yuan after 10, 625,000 to 900,000 yuan after 20 yuan, and 30 years later 156.25 to 30 years. In other words, let's look at the situation 30 years ago, that is, in 1988,10,000 yuan and the current value of 200,000 yuan may be more than that! Maybe 270,000 to 300,000 yuan is more reasonable!
The national currency interest rate is generally low, the provident fund may be 3.25%, while the interest rate of commercial loans is higher, at 4.9%. If you borrow from the provident fund for 30 years, you need to repay a total of 654.38+0.567 million yuan after 30 years! For commercial loans, you need to repay 19 1 10000 yuan after 30 years. In this way, if you buy a house with interest rate and discount, you will have less money! That is to say, after 30 years of provident fund loans, you need to change 1.567 times of money, and you need to pay1.91times of commercial loans!
At first glance, we think that the bank has made our money. In fact, let's look at the depreciation rate again! 1 10,000 yuan, 30 years later, we will calculate by 20 times, then 30 years later, it is equivalent to 50,000 yuan! Because you have been paying back, after careful calculation, you paid back 660,000 yuan in the first 10 year, 660,000 yuan in the middle 10 year and 660,000 yuan in the last 10 year! So what is the total conversion, 66/2+66/4+66/8? Simply calculate by 10. Although it is bigger than this, what is the total equivalent? 33+16.5+8.25 = 572,500 yuan, which means you have borrowed from the bank. What's your hurry? Let the provident fund pay back the money slowly! Don't worry, pay back as much as you need every month. Don't rush to pay back the money. Don't feel uneasy about refinancing. The bank can't wait for you to replace it as soon as possible. He's so happy! Because the more anxious you are, the more valuable the money you give him!
So, what are you worried about for us young people? Pay it back slowly, tow the bank, don't worry! Moreover, real estate is an asset. Of course, the first set is a necessity. When you have a second apartment, your house is your asset. You can constantly collect rent, and you can constantly improve your assets through price increases!
My friend's mortgage is 840,000 yuan, the loan is 30 years, and the interest is nearly 700,000 yuan. Is his choice right or wrong? Whether your friend's choice is correct depends mainly on what your friend got with 700 thousand interest, the value of which is not more than 700 thousand. If the value of something exchanged exceeds 700,000, it is correct; If the value is less than 700,000, it is an error.
According to the current loan interest rate of 4.9%, if the total loan amount is 840,000, the interest to be paid will reach 760,000. At first glance, this is a very scary data.
But let's not worry, measure the real value of this 760 thousand.
First of all, we must be clear that as long as a country is not in turmoil and its economy is developing steadily, it will be in a cycle of currency depreciation for a long time. This is the truth proved by the history of economic development in various countries. At present, China's economy is in a period of transformation and upgrading, so it is likely to be in the cycle of currency depreciation in the next few decades, and the only difference is the rate of depreciation.
How much will the interest of friends depreciate? At present, the average inflation rate in China is 3%-4%. If we measure by the minimum standard of 3%, it may drop by 90% after 30 years. However, our interest will be recovered within 30 years. We conservatively estimate that the interest of 760,000 yuan will drop by 50% after 30 years, that is, the actual value is only 380,000 yuan.
The subject did not describe the overall value of the house, so I estimated the value of the house according to the current 30% down payment. First of all, the total value of 840,000 mortgage houses is about 6.5438+0.2 million. Let's first predict the current increase in house prices. The inflation rate is 3%, and the price increase will certainly not be lower than this level. It is conservatively estimated that the house price after 30 years will be 65438+200,000 *(3% * 30 years) = 2.28 million. After deducting the down payment of 360,000 yuan, the final value is 6.5438+0.92 million yuan.
If the owner buys a house for self-occupation, he will get a lot of added value of the house, such as the right to settle in the city, the right to enjoy the supporting services of childish education, and the right to enjoy quality medical services. And you don't have to spend time looking for a rented house, move around, and you don't have to be afraid to buy large furniture anymore. These rights are priceless and cannot be evaluated.
Here, we simply convert the use value from the perspective of investment. The house of 654.38+0.2 million yuan should be located in a fourth-tier city. The estimated rent is 654.38+0.200 yuan/month, and the rent is 654.38+ 0.200 * 654.38+02 = 654.38+0.44 million yuan, with an annual increase of 654.38+.
Finally, let's sort it out in detail:
Interest value: Although the subject friend borrowed 780,000 interest, the real value of the final repayment was 360,000.
Property right value of the house: according to the forecast increase of the minimum inflation rate of 3%, the final value is 2.28 million, and the residual value after deducting the down payment is 6.5438+0.92 million.
House use value: According to the simple conversion of rental value, the 30-year use value of the house is about 500,000.
Return value of house: house value (654.38+0.92 million)+house use value (500,000) = 2.42 million.
The interest value of the house is 360,000 yuan, far lower than the return value of 2.42 million yuan.
There is uncertainty in the data here, and the subject can make changes according to the actual situation, and then finally calculate whether the income is greater than the expenditure.
Are you stupid? ...
The person who asks this question looks at it just for work and getting paid. ..
How low is the interest on mortgage?
Don't mention provident fund at three o'clock.
My housing loan is 654.38+200,000 yuan. 4438+0
I think the loan is too small ... think about it. Now I'm just doing financial management casually. Millions of wealth management can reach 5
The loan for your house. You can still earn 0.6 if you manage money. ....
I just bought a house a few years ago. My monthly salary is nearly 8000 yuan.
Shang dynasty. Average capital ... wants to die. It turned out to be wrong.
Use loans to fight inflation ....
Actually, it's just an idea. You have been making money. The money you save is used for financial management. How nice. ..
In case you want to invest, commercial loans are expensive and interest rates will rise by 30%. ....
Housing loans are really cheap.
Loans are only suitable for investment and entrepreneurship, because that is investment, so using loans can solve the financing problem. The essence of loan is investment. Loans have never been suitable for rigid demand. For example, loans to buy a house, such as loans to eat, such as loans to buy clothes, are not suitable for loans. The high leveraged interest on loans will make your life worse and worse. Then a keyboard man said that in the past, people who borrowed money to buy a house made a fortune. What is that? Then the root of the problem is here. In the past, people who borrowed money used their houses not for living, but for investment. The price of his house today is based on the fact that he has to sell it. If he doesn't sell it, he will always live there, and it will be worthless. He has been paying interest for decades.
From the beginning, we were in the wrong direction, thinking that buying a house with a loan would make us rich and rich. The reality for decades has indeed been that real estate speculation can also make us rich. But this premise is that the house is used for speculation, not for living. If your friend uses the house for living and only has one set, there is no chance of trading at all. He pays more interest when he lives in his house.
Nobody knows what will happen in the future. In the future, your house will be old and small. Just like rural houses now, no one lives in them. You have it, everyone has it, whoever you sell it to, you can't sell it, you can only rot in your hands. Real estate speculators are different, their purpose is not to hold, but to wait for the right time to shoot. You've been holding it
All kinds of loans are good, but if your monthly salary is not enough to repay the mortgage, you will have to scrimp and save for the house all your life. Is it worth it? You are not doing business or speculating on real estate. What you measure is whether it is within your tolerance. Many people around you, who bought a house, are reluctant to eat and wear, and are stingy with others. Their children are also the cheapest kindergartens in the world. What's the point of living in a palace like this, but in reality most of us do. Is it more interesting than before? Society is slowly entering a period of stability. Do you think the currencies of the United States and Europe have depreciated by half in a few years?
For this problem, I think the author wants online help.
Houses are also commodities, and commodities will be valuable.
Everyone's housing needs are different.
In the third-and fourth-tier cities, you can buy about 150 flat apartment, three bedrooms and one living room or four bedrooms and one living room, which can meet the ordinary living needs of the elderly and the young, emphasizing family.
More than 28,000 people can buy a two-bedroom apartment of about 80 square meters in second-tier cities, which can only meet the needs of couples and the next generation. If they have two children, they will feel small. Of course, many people think that they will make more money and then turn it into a big bedroom when they have money, but I totally disagree. If everyone is so imaginative, who will live in a small apartment in the future? Everyone wants to use a small apartment as a springboard. Can they jump out from behind? This is a question worth thinking about.
38,000 yuan can be used to build a medium-sized villa in my hometown, but the disadvantage is that shopping and transportation are inconvenient, so it is not worth making such a plan at present.
A statement from Hong Fei
Whether this question is wrong or not depends on which angle to look at it. Just from the title, many people want to borrow 840 thousand yuan, and after 30 years of loan, they will have to pay 700 thousand yuan of interest, which is too high. But if you look at it from another angle, do you still think it is too high?
First, let's think about an idea. If we buy a house in full, can we afford it now? Mortgage to buy a house can move into his own house in advance to improve the quality of living.
Second, as far as interest is concerned, the current benchmark mortgage interest rate is 4.9%. At present, many places restrict purchases and loans, and interest has also risen, with an average of about 5.6%. It looks really high. However, if you borrow money from banks or other financial institutions, the interest will be at least 7% and you need collateral. For ordinary people, even with mortgage or other guarantee, you can't borrow money.
Third, I will talk about some things that have happened around me. For those who are short of money, or those who are well off, how to operate. A colleague had no money before, but needed to buy a house and get married, so he borrowed tens of thousands of dollars and bought a small apartment by mortgage. Then after two years, the house price doubled. He sold the house, and then added some money for a two-bedroom apartment. That is to say, he used tens of thousands of dollars to earn the part of rising house prices through leverage during the period of rising house prices.
There are also many people with abundant funds who can only buy one set of funds in full and two sets, provided that the monthly payment for a period of time in the future will not be affected. With the passage of time, house prices rose, realizing the appreciation of their assets.
The above case is not to illustrate how good leverage is, but also to control risks. Once there is a problem with the monthly payment, the consequences will be very serious. Recently, many online auction houses were auctioned because the monthly payment could not be paid normally and the supply was cut off for a long time.
So, to sum up, for ordinary people, we should be based on our own actual situation, within our own capabilities, and mortgage is a good choice on the premise that we don't have the full amount of housing. For the interest, it seems high, but it should be shared every month, and then we will judge whether it is high or not.
The more you share, the more you gain!
I don't think this question is right or wrong. It depends on whether your friend is willing to buy it.
The mortgage is 840,000 yuan, the loan is 30 years, and the interest is nearly 700,000 yuan. It should be a commercial loan. Repayment for 30 years, about 4300 yuan per month. If your friend's family income is high for one month, repaying 4300 won't cause life pressure, even after a few years, you can consider repaying the loan in advance. I think it is still available for purchase.
If I were your friend, I might not buy this property. Because our family's total income is not high, we owe 4300 yuan a month. We can't say that we are under great pressure, but at least we are a little nervous, so we must advocate saving. I can live in this stressful life for several years or 10 years. But I don't think living for 30 years is worth it. If I want to buy this property, I will try to collect more down payment, borrow less loans, and try to shorten the repayment period (maybe 15, 20 years) because the interest on commercial loans is too high. Whether buying a house or investing, if the monthly repayment of 4300 yuan will not cause pressure on my life and I like its location and apartment type, then I will buy it, because I can save a little in my later life and then repay the loan in advance to minimize the interest.
At present, our M2 wealth and GDP are soaring, and real estate is the pillar. It takes economic construction as the center and promotes economic development, urban development, industrial development and people's prosperity, which is a happy thing for everyone.
Think about where you will find leverage in real estate, and where you will find leverage that has tripled in the past 30 years. Where can you find a lever that has increased by 65,438+000 times? What are you going to do if the RMB depreciates by 20% every year? After ten years of mortgage repayment, the money paid every month is not money. House prices increase by hundreds of thousands a year, where can we make money? Now many rich people are speculating in real estate, including more than half of A-share listed companies, and many of their economic pillars are not even their own industries.
Through policies, we actively create opportunities to get rich first, develop differently in different regions, accelerate urban infrastructure, promote hundreds of millions of farmers to settle in cities, transform shanty towns, buy houses and give away various rights. In today's soaring prices, all these opportunities are created for us, but it depends on the individual. Under the premise of the great development of urbanization economy, some people have to change to more advanced cruise ships in first-class ships.
Life is only a few decades, and most people don't necessarily get it together when they die. Living dead? No house, no right to settle down? How to take the college entrance examination? How to go to school? How to get married? People who don't have a house deserve it if they don't understand these truths! ! !