First, stay rational and avoid "impulsive consumption"
Buying a house is a big expense in the family, so we must be fully prepared. First of all, we should choose the price and area of the house according to our own economic strength. Secondly, when handling bank mortgage loans, we should accurately estimate our economic affordability to determine the loan life. Many people think that the shorter the loan period, the better, and that it can get rid of the repayment pressure as soon as possible. However, if we do not consider the actual situation, we are likely to bear heavy repayment pressure. Third, don't use all available assets to pay the down payment. It is necessary to reserve a part of the risk reserve.
Second, know the economic strength of the developer in advance.
There are many pre-sold houses in the market. Property buyers need to make a good evaluation when buying a house pre-sold by a developer. Understand the strength and reputation of the developer, and avoid the failure to deliver the house as scheduled or other quality problems due to the poor liquidity of the developer, which leads to the uninterrupted repayment of the buyers but the inability to move into the new house smoothly.
Third, don't worry about paying the deposit.
After accepting the mortgage application of buyers, banks will review the loan qualifications of buyers. If they do not meet the requirements, banks will not lend. If you don't evaluate your loan ability, blindly sign a house purchase contract with the developer and pay the down payment, it is easy to cause your own losses. Therefore, property buyers must have an accurate understanding of their credit status, financial ability and income before deciding to pay the down payment.
Fourth, make clever use of provident fund.
If property buyers meet the conditions of provident fund loans, they should put provident fund loans in the first place, because the down payment ratio and expected annualized interest rate of provident fund loans are low. Property buyers who use commercial loans to purchase houses can also withdraw the provident fund with the purchase contract or invoice after paying the house price.
5. Early repayment has advantages and disadvantages.
If many buyers can pay the remaining balance of the mortgage, they can use the funds to repay the loan in advance. However, prepayment has advantages and disadvantages. Generally speaking, because the repayment interest expenditure is usually concentrated in the initial repayment period, it is cost-effective for borrowers in the initial repayment period to repay in advance. In addition, property buyers should fully understand the detailed regulations of banks on prepayment before repayment, and each bank has different conditions, restrictions and regulations on whether to charge liquidated damages.
Six, the loan can be extended.
What if the buyers encounter difficulties in the repayment process and cannot repay in time? Although at the beginning of the loan, the buyer and the bank have agreed on the loan term and the expected annualized interest rate of the loan, this does not mean that it cannot be changed. Property buyers can propose to change the loan term, and if the loan bank agrees, it can be extended. Of course, it should be noted that under normal circumstances, the loan term can only be changed once.
Pay off the loan and don't forget to cancel the mortgage.
Don't forget to cancel the mortgage after paying the principal and interest of the loan. The specific steps are to cancel the mortgage at the real estate trading center in the district (county) where the house is located with the bank's loan settlement certificate and the mortgaged real estate title certificate.
Eight, don't lose the contract
In the process of handling bank loans, a series of materials will be signed, the most important of which include loan contracts and IOUs. Property buyers should take good care of it, especially the loan period can be as long as 30 years, and it is easy to lose it if you are not careful.