Two, the following three situations should not be repaid in advance.
1, when signing the loan contract, enjoy the interest rate discount of 30% to 8.5%. As we have enjoyed the lower discount rate, we are now in the channel of interest rate reduction. If the central bank doesn't cut interest rates during the year, even if the latest interest rate is implemented at 65438+ 10/in June next year, the interest rate will only be lower than that in the previous period.
2. Buyers whose repayment period of equal principal has passed 1/3. Since the average capital divides the total loan amount by half of the cost, the repayment interest is calculated according to the remaining principal. In other words, the later this repayment method is, the less the remaining principal will be, so the less interest will be generated. In this case, when the repayment period exceeds 1/3, the borrower has already paid nearly half of the interest, and the later repayment is mostly the principal, and the interest level has little effect on the repayment amount.
3. Buyers who have reached the medium-term repayment of principal and interest. Matching principal and interest repayment adds up the total principal and interest of mortgage loans and distributes them equally every month. The monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled monthly. In other words, the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. By the middle of repayment, most of the interest has been paid off, so it is of little significance to repay the loan in advance.
Three. Precautions for prepayment of mortgage loan
1. Allow banks to repay loans in advance at different times.
Most banks require at least one year before they can apply for prepayment, but some banks say they can apply for prepayment at any time. Among the state-owned banks, China Bank and China Construction Bank need to repay for one year before they can apply for early repayment, while Industrial and Commercial Bank of China needs to repay half a year in advance. In addition, it takes one year for banks such as China Merchants Bank and Bank of Communications to apply for prepayment, while Huaxia Bank said it can apply for repayment at any time.
2. The interest rate adjustment cycle of banks is different.
The general mortgage term is more than 10 years. During this period, it is inevitable for the central bank to adjust interest rates, and the time for banks to adjust interest rates is different. Banks in China, such as China Industrial and Commercial Bank, China Agricultural Bank and China Construction Bank, etc. Generally, from June 65438+1 October1every year, the new repayment interest will be adjusted according to the latest central bank benchmark interest rate.
Foreign banks generally choose to adjust in the current month or quarter. Citibank will implement the new interest rate at the beginning of the next quarter and HSBC will implement the new interest rate on the same day.
For mortgage owners, it is obviously more cost-effective to adjust as soon as possible if they are in the channel of interest rate reduction; If it is in the interest rate hike cycle, the later the adjustment, the more cost-effective.
Don't forget to cancel the mortgage registration after "paying off the mortgage"
Regardless of whether the loan is repaid within the contract period or in advance, citizens should not forget to cancel the mortgage registration after the loan repayment is completed.
See who has the title certificate, and there are several procedures to get it back after the loan is paid. One of the simplest cases is that the original title certificate has been mortgaged in the bank. If this is the case, the buyers will get the repayment voucher after paying off the loan or paying off the loan in advance, and the bank will also return the original real estate license and the original sales contract to the buyers. In this way, buyers can get back their real estate license, which has nothing to do with the bank.
However, due to the different operating regulations of different branches of banks, some branches only need to register the mortgage once, and buyers can hold their own real estate licenses with mortgage registration marks. That is, before the loan is paid off, get the real estate license in advance, and other items on the real estate license will indicate the current situation of the house. If this is the case, after the buyer has repaid the loan, in addition to repeating the above steps, he has to go through the formalities of canceling the mortgage registration. After the buyer and the bank complete the settlement procedures, they can cancel the mortgage registration at the Housing Authority, and then they can affix the cancellation seal to other columns of the real estate license.
Fourth, people who are suitable for prepayment
1, people who don't want to be in debt or bear too much pressure in life.
2. People who just bought a house and are in the early stage of repaying the loan. Because the loan has just been repaid, the principal base is large and the interest is correspondingly high. If you have idle funds on hand and have no good investment direction, it is also a good choice to repay the loan in advance.
I hope to use the house as a financing tool and get more loans from the bank. In recent years, house prices have risen rapidly, and the evaluation value of some houses has risen a lot compared with the initial purchase. If the mortgage loan is paid off, you can often borrow money from the bank with the mortgage and get a larger credit line.
Hope to adopt!