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.
The disadvantages of buying a house with a loan
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. We have to pay back the bank loan every month, which makes our life more stressful and we dare not resign at will, otherwise it will affect our economic resources and repayment. At present, the down payment for the first suite of commercial loans in China starts from 20%, but it is 30% in most cities, and the benchmark interest rate of commercial loans is 4.9%. Generally, the interest rate of the first home mortgage will rise, depending on the personal qualifications of the buyers.
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, apply for a loan at the most favorable interest rate, and then go through the loan process. These are not simple things, especially there are many procedures for buying a house with a loan. If you apply for a loan, it just happens that the bank loan amount is tight or the approval is strict, then the waiting time for the loan may be as long as half a year, and the loan will drag on the whole purchase time a lot.
3, not easy to sell
If you want to sell the house you bought with a loan, you must redeem it from the bank first. If you are in a hurry to sell a house, the process of this step will be delayed for a certain time. Therefore, you need to consider such factors clearly. It is generally necessary to mortgage the real estate license to the bank. Therefore, it is more troublesome to resell the house purchased by loan, which is not conducive to the delisting of property buyers.
What should I pay attention to when buying a house with a loan?
1. Make a running account before applying for a loan.
Many people who buy the first suite are young people who have not worked long. Parents help with the down payment, and the bank bill is very small. In a mortgage, the bank will check your current account. Therefore, you must make a beautiful running account for yourself before applying for a loan. There must be a stable amount every month (at least half a year) to pass the bank's audit.
2. Don't change jobs frequently before buying a house with a loan.
If you plan to buy a house with a loan, you must not change companies or jobs at will before buying a house with a loan. At least, don't replace it in the first half of the loan to buy a house. Because stable work and income are also important criteria for banks to examine the personal qualifications of loan applicants.
Banks can judge whether an applicant has repayment ability and bank credit risk through the stability of work and income. If you change your company or job before handling the loan business, the bank will definitely think that your job is unstable, your repayment ability will be affected, and the credit risk of the bank will increase, resulting in the rejection of the loan application.
3. Submit true and effective loan information.
Banks attach great importance to the authenticity of borrowers' loan information. If the loan buyers provide false materials to the bank, it may have a serious impact: it will affect the bank's audit, unable to issue loans, and unable to realize their dream of living; What's more, it may be because individuals provide false materials, which leads to the inability to apply for loans, which leads developers to require buyers to bear the liability for breach of contract for overdue delivery of mortgage materials and pre-sale contracts of commercial housing, and pay a considerable amount of liquidated damages. Therefore, the information submitted when handling the housing loan must be true, effective and complete.
4. The repayment method should be selected.
The repayment method is generally average capital with equal interest. Average capital has a large monthly supply in the early stage, and it is very easy in the later stage. This repayment mode is generally unbearable; The repayment of equal interest is fixed every month, and the monthly payment is relatively small. If the personal economic level is unstable or the family expenditure is large, it is recommended to choose equal interest.
5. Contact the bank in time when the loan is not paid.
If the repayment ability declines during the repayment period, remember not to be stubborn and apply to the bank for an extension of the loan period. Some banks, after investigation, find that the situation is true and confirm that the lender has not defaulted on repaying the principal and interest of the loan, generally accept the application.
6. Don't forget to cancel the mortgage after the loan is paid off.
If all the loan principal and interest have been paid off, you can cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the collateral to the real estate transaction core of the district and county where the real estate is located.