I regret buying a house with a loan. If the user has not signed a mortgage contract, then you can apply to cancel the mortgage application. For the signed mortgage contract, the user wants to terminate the loan and needs to cancel the contract. If he cancels the contract, the user needs to pay a certain penalty. In short, whether to choose a loan or a full purchase, users must consider it clearly.
In addition, buying a house by loan and buying a house in full have their own advantages and disadvantages. After buying a house with a loan, it is best not to cancel the application halfway.
Advantages and disadvantages of buying a house with a loan
Advantages:
1. On the basis of installment payment, the mortgage loan solves the difficulty of raising a large amount of funds in a short period of time, and breaks down a large amount of funds into long-term small funds to repay the loan.
2. The down payment of mortgage loan does not occupy a lot of money, and the repayment period is long, so the limited funds can be used for multiple investments.
The bank will check it for you. Borrowing money means borrowing money from banks, which naturally care about the quality of real estate projects. In addition to auditing themselves, banks will also audit developers to check for you and improve the safety of buying houses.
Disadvantages:
1, heavy debt
Compared with buying a house only by paying the full price of the house itself, the loan also needs to pay extra interest fees to the bank, which is also a lot of money. I have to pay back the bank loan every month, and my life pressure is increasing. I dare not resign at will, otherwise my financial resources will be affected and my repayment will be affected.
This process is very complicated.
If you plan to borrow money to buy a house, you must prepare materials to apply for a loan from a bank, but first you must compare the loan interest rates of various banks and apply for a loan at the most favorable interest rate. Then apply to complete the loan process, these are not simple things. In particular, there are many procedures for buying a house with a loan. If the loan is handled in time when the bank loan amount is tight or the approval is strict, the waiting time for the loan may be as long as half a year.