Advantages of buying a house in full:
1. There is no pressure to repay the loan when buying a house in full.
The interest on buying a house with a loan is high, and the monthly repayment pressure is great. Once the family economy has problems, the house may face the risk of default, leading to blood loss. Buying a house in full, without debt, is much easier psychologically.
2. There is a discount for buying a house in full.
If property buyers choose to buy a house in full, the general developers will give certain concessions with different ranges. For example, if you buy a 4 million new house in Beijing and give it a 98% discount, you can save 80 thousand.
3. The whole purchase process is relatively simple.
If you buy a house in full, you can sign a contract directly with the developer. There is no need to go through the complicated process of bank loans, provide complicated materials such as income certificates, and avoid bank mortgage fees such as mortgage registration and insurance fees.
4. Buy a house in full, which is easy to sell.
A house with enough money can be sold at any time, regardless of whether the bank will let it go. Once the house price rises, you can quickly cash out. If you encounter financial difficulties, you can also mortgage loans to banks.
You don't need to pay bank interest to buy a house in full.
As we all know, buying a house with a loan requires paying a lot of interest to the bank, which is the so-called "working for the bank". The longer the loan, the higher the interest. For example, if the commercial loan is 2 million, the loan period is 30 years, and the interest rate is 4.9%, the repayment method of equal principal and interest is adopted, and the total interest is 1.82 million.
Advantages of buying a house with a loan:
1, loan to buy a house to fight inflation
In the long run, inflation is the general trend, and money will become less and less valuable. You pay 5,000 yuan a month now, and in 20 years, you may only be able to buy things from 50 yuan. Using future money to consume present things can not only effectively fight inflation, but also enhance asset value in disguise.
2. You can borrow money to buy a house and save enough down payment.
A loan to buy a house is a loan to buy a house from a bank. You don't need to invest too much money in the early stage, and you can own your own house by saving enough down payment. For example, if you want to buy a house with a total price of 3 million in Beijing, you can buy it if you have 6.5438+0.05 million.
3, the loan to buy a house has liquidity.
For example, if the family assets are 3 million, if you buy a house in full, there will be no liquidity. When you need money urgently, you may have to borrow money at a high price. If you spend 6.5438+0.05 million yuan to buy a house and borrow 3 million yuan, you still have 6.5438+0.95 million yuan at your disposal, which can be used for wealth management and get more income than the bank interest rate.
4. The risk of buying a house by loan is relatively low.
The loan to buy a house is controlled by the bank, which can filter out some risks of buying a house. Banks will review and evaluate developers to confirm the safety of loans, which to some extent excludes some developers with poor qualifications and insufficient strength. If you buy a house in full or the developer runs away, buyers need to spend a lot of time to recover the house payment.