At present, there are two main repayment methods, but many people don't pay attention to it when they go through the loan procedures, and even don't know which repayment method is when they repay the mortgage. Matching principal and interest repayment method means that the borrower pays the same amount every month, that is, the total principal and interest of the loan are added together and then evenly distributed to each month of the repayment period. The repayment method of average capital is also commonly used by banks at present, which is suitable for people with higher income at present, but who have predicted that their income will decrease in the future.
Usually, the monthly repayment amount will change with the decrease of the principal. Buyers should pay attention to the change of monthly payment. Some friends think that it is enough to deposit money into the repayment account on time every month to repay the mortgage. Buyers should also pay attention to whether the bank's benchmark interest rate has changed. Once the bank's benchmark interest rate changes, your monthly payment will also change. So sometimes the monthly supply may increase. If payment is not made in advance, it will be judged as overdue.
I believe that most people have thought about prepayment, but not everyone is suitable for prepayment. At present, the mortgage interest rate is already very high, even on the rise. Therefore, many people want to repay the loan in advance to avoid the risk of excessive interest. But you should know that if the loan is repaid less than one year, you have to apply for prepayment, but you have to pay liquidated damages. In this case, it is obviously not cost-effective to repay the loan in advance.