First, the advantages of buying a house in full
1, it is more economical to pay the full amount.
Although you pay a lot of money for buying a house in full, you can avoid all kinds of handling fees and bank interest from the total house price. And because it is a one-time payment, you can bargain with the developer, so you can further save the purchase price.
2. There is no debt pressure.
If you buy a house in full, there will be no economic pressure in the future, because buyers can no longer worry about the house payment and calmly arrange future capital plans. At the same time, it also saves time and does not need any credit authentication. Save time and effort.
3. Easy to change hands
From the perspective of investment, it is more convenient to sell the house in full because it is not bound by bank loans. Once the house price rises, it will change hands quickly. Even if you don't want to sell, you can mortgage your house to the bank in the future if you have financial difficulties.
Disadvantages of buying a house in full
1, with great financial pressure.
If the funds are not sufficient, after all, a large one-time investment may have an impact on other investment projects of consumers.
2. The investment risk is high.
Unless you have a good understanding of its real estate projects, including building quality, developer technology and financial strength, buyers need to have a good technical professional level, which is beyond the reach of ordinary people.
Benefits of buying a house with a loan
1, spend tomorrow's money to round today's dream.
Mortgage loan, in layman's terms, is to borrow money from the bank. You can buy your own house without spending a lot of money right away, so the first advantage of mortgage purchase is that you can buy a house with less money. In other words, as the saying goes, money is spent.
2. Make full use of funds
From the investment point of view, mortgage to buy a house investors can invest their own funds alone, and they can borrow money to buy a house and rent it, so that they can raise loans by renting and then invest, and the funds can be used flexibly.
The bank will check it for you.
A loan means borrowing money from a bank, so banks are naturally very concerned about the quality of real estate projects. In addition to auditing yourself, banks will also help you audit developers and help you check, and natural insurance will be improved.
The disadvantages of buying a house with a loan
1, in debt
The first is psychological pressure, because China people's traditional habits focus on saving, so it is not suitable for conservative people to borrow money to buy a house. And in fact, buyers do bear heavy debts, which is not easy for anyone.
2, it is not easy to realize quickly.
Because the property itself is mortgaged, it is difficult to resell the house, which is not conducive to the delisting of buyers.