The ways to buy a house are mainly divided into two ways: buying a house with a loan and buying a house with full payment. For most home buyers, they will choose a loan to buy a house when they buy a house by themselves. In addition to the down payment, you also need to pay taxes. So can you get a tax refund when buying a house with a loan? How to choose a bank for a house loan? Next, let’s learn about this together.

Can I get a tax refund for buying a house with a loan?

Tax can be refunded for buying a house with a loan, but the loan must be paid off before the tax can be refunded. After paying off the entire loan principal and interest, you can get a tax refund from the bank Please go to the real estate trading center in the district or county where the property is located to cancel the mortgage.

How to choose a bank for a house loan

1. Choose a big brand

There are many banks that can handle house loans. When applying for a loan to buy a house, it is best to choose a big brand. A brand bank provides loans. For customers, a brand bank means that the bank has a good reputation in the world for many years, a variety of financial products, professional, efficient and high-quality services, and later services are more guaranteed. It is best for home buyers to choose brand banks with high reputation, guaranteed financial security and good service quality, such as the five major banks.

2. Look at the bank interest rate

When taking a loan to buy a house, the interest rate of the loan is very important to the home buyer. The interest rate of the loan is related to the amount of loan interest. Although the bank’s benchmark The loan interest rate is 4.9% for more than 5 years. However, due to the different popularity and policies of real estate developers in different cities, home buyers will face the problem of interest rate increases when purchasing commercial houses or second homes. Therefore, home buyers should Compare more and choose the one that suits you better.

3. Look at the liquidated damages

After the loan is taken, if the lender fails to repay the loan according to the agreed time, then liquidated damages will definitely be incurred, but in addition to the overdue penalty, liquidated damages will be incurred. In addition, some banks even charge liquidated damages for customers' partial prepayment, which puts great pressure on customers who want to save interest through partial early repayment. Therefore, when comparing banks, be sure to ask clearly about the limits on liquidated damages, so as not to suffer a boring loss.

4. Look at the discount threshold

Different banks have different requirements for loans, so the thresholds for loan discounts are naturally also different. Usually, banks have certain requirements for customers who want to obtain preferential interest rates for loans, but not everyone can enjoy the preferential rates or the lowest interest rate discounts.

Can I get a tax refund for buying a house with a loan? How to choose a bank for a house loan? The previous article introduces you to the relevant content in this aspect. If you purchase a house through a loan, you can also apply for a tax refund after purchasing the house. Applying for a loan to buy a house is a very important matter, and everyone should also pay attention to the bank they choose to lend money to.