The Civil Code stipulates that houses purchased by mortgage are mortgaged to banks. When mortgaging a house to a bank, the parties concerned shall conclude a mortgage contract in writing and register the mortgage. A mortgage contract generally includes the following clauses: the type and amount of secured creditor's rights; The time limit for the debtor to perform the debt; The name and quantity of the mortgaged property; Scope of guarantee.

How does mortgage to buy a house prepay?

1. When signing the loan contract, you can enjoy the interest rate discount of 30% to 8.5%.

As we have enjoyed a 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 it is implemented at the recent interest rate of 65438+ 10/in June next year, the interest will only be lower than that in the previous period, so it is not appropriate to repay the mortgage in advance.

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. It is not recommended to repay the mortgage in advance.

3. Buyers with equal principal and interest repayment reaching intermediate level.

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 monthly repayment 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, and it is of little significance to repay the mortgage in advance.

How to calculate the interest of prepayment in mortgage to buy a house?

1, divided into two types, one is full prepayment and the other is partial prepayment.

Full prepayment refers to one-time settlement of mortgage principal and interest. After all prepayment, the interest will be calculated from the day when the principal and interest of the bank are paid off. In other words, as long as you borrow from the bank, the interest will be calculated.

2. Partial prepayment means that only a part of the loan principal and interest is repaid, and the remaining principal and interest are not settled. The outstanding loan principal and interest shall be executed according to the loan interest rate agreed in the original loan contract (continued preferential treatment with discount).

3. There are two ways to repay part of the loan balance in advance. One is to shorten the repayment period, and the monthly payment amount is inconvenient; Second, the repayment period remains unchanged, reducing the monthly payment. In contrast, the former can save more interest.

Note: "You can't repay the loan in advance within half a year, and you need to pay 1% as penalty." Property buyers need to check the requirements of early repayment in the loan contract first, and pay attention to whether you have to pay a certain penalty for early repayment.