In terms of loan interest rate, it is cost-effective. As we all know, when banks apply for loans, the loan interest rates of different products will be different. The mortgage interest rate is definitely higher than the mortgage interest rate. The average interest rate of 202 1 first home loan is above 5.8%, while the mortgage interest rate is generally around 5%. Suppose A wants to buy a house with a price of 6,543,800 yuan. If A chooses to buy a house loan, A is prepared to make a down payment of 300,000 yuan and needs to apply for a mortgage of 700,000 yuan. According to the loan interest rate of 5.8%, if the loan term is 30 years, the loan interest that Party A * * * needs to bear is about 1.2 million. And if A buys a house in full and then mortgages the house, the high probability is that the loan amount is about 700,000, and the loan interest rate is about 5%. Of course, the bank will not allow A to apply for a 30-year mortgage loan. According to the calculation of 10 year, A * * * needs to bear the interest of about 350,000 yuan. In addition to saving interest, if you buy a house in full before mortgage, you can also save a tax, and because the buyer buys a house in full, you can also negotiate the price of the house with the developer. And the general approval period of mortgage loan is 1-2 months, and the approval period of mortgage loan is 2-3 working days. Mortgage loan, also known as mortgage loan. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the registration and notarization of real estate mortgage according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract. Housing loan Personal housing loan refers to a loan issued by a bank to a borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. Entrusted loan Personal housing entrusted loan refers to the loan granted by banks to individuals who purchase ordinary housing with housing provident fund deposits as the source of funds according to requirements. Also known as provident fund loans. Self-operated loans Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan. Portfolio loan Personal housing portfolio loan refers to a loan issued to the same borrower from the housing provident fund deposit and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loan and self-operated loan. In addition, there are housing savings loans and mortgage loans. Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc. Loan amount: 80% of the value of the loanable property after being audited by the bank. Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan. Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old. Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times. There are three ways of housing loans, namely, bank commercial loans, provident fund loans and portfolio loans.

Second, for example, I borrowed a car loan for two years and paid it back for about a year. I can pay the rest of the money in one lump sum. Is it better to pay in one lump sum or on the first day of every month?

Are you interested? If there is interest, change it once and save money.

3. Is it appropriate to pay off the remaining loans in one lump sum?

There is a little penalty, but it doesn't affect your monthly repayment. A lot of it is interest, and I will give it to you as soon as I pay it off.

4. Is it appropriate to pay off the remaining loans in one lump sum?

Pay it off if you can. okay

Let's see what others say.