1. In terms of price
Although buying a house in full will make buyers spend a lot of money at once, or even their savings for most of their lives, compared with buying a house with a loan, it can save bank interest and other expenses, and many developers will give certain discounts to commercial houses with one-time payment. Overall, it costs less than buying a house with a loan, which is relatively more cost-effective.
2. Process
It is time-saving and convenient to buy a house in full and sign a house purchase contract directly with the developer. If you borrow money, you need to sign a contract with the bank. If it is a provident fund loan, it will be more troublesome. Moreover, the provident fund loan will be restricted by the region, and it is necessary to provide complicated income certificates and other materials. If the approval period is long, I am afraid that the buyers who fail to pass the approval will be on tenterhooks all day.
3. Pressure
Buying a house in full requires buyers to pay all the money at once, which is not something that ordinary families can do. Most families have to bear great pressure and work very hard in the early stage in order to collect the money. However, if you choose to buy a house in full, you won't have to bear the pressure of loan in your future life, and you don't need to calculate every living expense every day, so you can calmly arrange future plans.
Buying a house with a loan means borrowing money from a bank. Buyers only need to prepare a small part of the purchase price as a down payment, and then they can slowly repay the bank loan later, so the pressure in the early stage is relatively small. But it is not easy for anyone to bear the debt in the future. After buying a house with a loan, buyers may need to calculate their living expenses every day to ensure that every expense is not overspent.
4. In terms of changing hands
Buying a house with a loan is based on the property itself, and the general loan time is about 2 years, which is not conducive to buyers selling their houses. It is more convenient to resell the house purchased in full, and it is not bound by bank loans. Once the house price rises, it is easy to change hands and cash out. Even if you don't want to sell, when you need a large amount of liquidity, you can mortgage your house to the bank and get a loan with low interest rate and high amount.
5. Risk
The risk of buying a house by loan is also relatively small, because mortgage loan is to borrow money from the bank to buy a house. In addition to the buyers' concern about the advantages and disadvantages of the house, the bank will also review it, and the insurance of buying a house will be improved. For the real estate with faster housing for sale, the one-time payment will increase the risk of buying a house.
If you buy a house in full without the participation of banks, it is easy for buyers to buy houses that are easy to depreciate. In addition, if one-time payment is selected, each building will require the buyers to pay all the house payment in the pre-sale stage and sign the Commercial House Sales Contract. However, in the process of housing transactions, many pre-sale properties have the problem of incomplete five certificates. Although the sales staff promised to complete the formalities within a certain period of time, it is too risky for the buyers.
when choosing the two ways of buying a house in full or by loan, we should not only look at the price, but also consider the risks and financial pressure and choose according to our own situation.