Housing loan is a common payment method. When choosing a loan, buyers generally choose a relatively low down payment, and choose as long as the loan period is ok. Even so, when buying a house, you need to choose a suitable repayment method. Different repayment methods are suitable for different buyers, and most banks will not agree to change the repayment method, so buyers have to be re-elected, so how to do housing loans is more appropriate?

How to make a housing loan more appropriate?

Buyers who buy a house by loan only pay less in the early stage of buying a house and need to pay back on time every month. So how can housing loans be more appropriate?

1, in terms of savings interest.

The repayment methods of equal principal and interest and average capital have different results when repaying loans. For buyers, the repayment method of average capital can quickly reduce the repayment pressure and reduce the interest cost, but the amount of repayment in advance will also be high. If the lender can afford it, you can choose this method, which can save repayment interest.

If the lender can't accept the prepayment amount, don't blindly choose the equal principal repayment to avoid the inability to repay. A more appropriate scheme should be to choose the method of matching principal and interest, so that the repayment amount can remain unchanged during the repayment period, and there will be relatively no great repayment pressure.

2. In financial management.

The repayment method of equal principal and interest needs to pay more interest, but for buyers with financial channels, the repayment method of equal principal and interest gives disposable funds a higher time value. Therefore, when the profit rate is greater than the loan interest rate, the repayment method of equal principal and interest is better than the repayment method of equal principal. Moreover, under the same income, most of the matching loan principal and interest are higher than the average capital.

Why didn't the bank agree to change the repayment method?

At present, there are two common repayment methods: equal principal and interest and average principal, so buyers can't change them at will after choosing a good repayment method.

1. Changing the repayment method is a waste of manpower and energy.

In the loan contract signed between the buyer and the bank, the repayment method of the buyer will be clearly agreed. If the repayment method is changed, the procedures will be very complicated, and banks are not willing to spend manpower, material resources and energy on it. Therefore, if you want to change the way of mortgage repayment, banks generally disagree.

2. Affect bank profits.

Most property buyers will choose equal principal and interest when choosing repayment methods, but the average capital is less than the interest of equal principal and interest. If the matching principal and interest is changed to average capital, the bank's profit will be reduced, so it will not change at all. That is to say, from the perspective of income, the equal principal and interest repayment method is higher than the total interest in average capital, and banks get more profits.