how many years can I borrow to buy a house at the age of 4?
1. There is an age limit for bank loans. Generally speaking, when a borrower applies for a housing mortgage loan or mortgage loan, the loan term plus the current age shall not exceed the bank loan age limit, that is, men are 6 years old and women are 55 years old.
2. Therefore, a 4-year-old man can borrow for 2 years and a woman can borrow for 15 years.
3. At the same time, lending institutions also have certain restrictions on the age of borrowers, and different lending institutions have different requirements.
4. Generally speaking, the borrower must be at least 18 years old and have full capacity for civil conduct. However, compared with loan companies, banks have slightly lower age requirements for borrowers.
second, which is cost-effective, buying a house in full or buying a house with a loan?
buying a house in full and buying a house with a loan have their own advantages and disadvantages, but from the perspective of the cost of buying a house alone, if the buyers choose to buy a house in full, the general developers will give some discounts, but the financial pressure for buying a house in full is great. If you buy a house by loan, you generally can't enjoy the discount of buying a house. In addition, the loan still needs to pay the loan interest, but the financial pressure of buying a house by loan is small.
Third, the advantages of buying a house in full:
1. No need to pay bank interest: buying a house with a loan requires paying a large amount of bank interest, which is called "working for a bank", and the longer the loan time, the higher the interest.
2. There are discounts for buying a house: for buyers who pay in one lump sum, the developers will give certain discounts with different ranges.
3. The process is simple: you can directly sign a contract with the developer to buy a house in full, without going through the complicated process of bank loans, providing complicated materials such as income certificates, and eliminating bank mortgage fees such as mortgage registration and insurance fees.
4. Easy to sell: A house bought in full can be sold at any time, regardless of the bank's release of the mortgage. Once the house price rises, it can be quickly cashed in. If you encounter financial difficulties, you can also mortgage loans to banks.
5. Feel comfortable: This is the most important point. The interest on buying a house with a loan is high, and the monthly repayment pressure is very high. Once the family economy has problems, the house may face the risk of default, resulting in a loss of blood. It's a lot easier psychologically to buy a house in full without getting into debt.