In fact, although the housing prices in most cities are no longer rising, they are still too high for everyone. Similarly, although the current mortgage interest rate has finally stopped rising, it is still high. In this case, how to reasonably choose the mortgage period has become a top priority for the majority of buyers. Many buyers believe that the shorter the mortgage period, the better, so that the mortgage interest can be paid less. In this regard, Xiaobian holds an opposing opinion. In Xiaobian's view, the longer the mortgage period, the better, and it is best to borrow for 3 years.

1. The currency is depreciating

In fact, if you are good at managing money, you will understand the truth of inflation. Quite simply, which is more valuable, 5, yuan 1 years ago or 5, yuan now? The answer is obvious, mainly because the currency has been depreciating constantly. Maybe your current 5, mortgage will only be worth more than 4, or even less in 2 years.

If you understand the truth of "inflation", then I believe you won't choose a short loan period. Also, if you use the loan money for financial management, the profit rate will definitely far exceed the mortgage interest.

Second, reduce the pressure of monthly payment

Yes, although the short loan period can reduce more interest, the loan pressure will increase accordingly. In other words, with the same mortgage amount, the longer the loan period, the smaller the monthly repayment pressure will be, which will be better for the physical and mental health of the house slaves. Therefore, if you are more willing to enjoy life, choose a long mortgage period, which will reduce the monthly repayment pressure.

Third, it is conducive to personal development

As the saying goes, settling down can make you happy, but if you want to be happy, you have to choose a long loan period. Why? Because when the mortgage period is short, the monthly pressure will be greater. In order to repay the loan on time, the house slaves dare not quit easily. After all, once the job cannot be stabilized, they may be fired at any time, thus losing their economic resources.

imagine what would happen if the lender once lost your financial resources. The first question is: how to pay back the high monthly payment? Therefore, it is more conducive to personal development to choose a long mortgage period.

Fourth, ensure the quality of life

In fact, the reason why people want to buy a house is to let themselves live a better quality life. However, if you look at your salary, you will find that in recent years, although the minimum wage has been raised all over the country, the increase is very small, which is a far cry from the increase in house prices. Therefore, in order to ensure the quality of life, choosing a long mortgage period can reduce mortgage expenses.

v. coping with risks

In today's society, every minute is inseparable from money. Obviously, it is obvious that "a penny beats a hero". In a word, "a penny beats a hero" is not uncommon. If you don't have some emergency funds in your hand, once you encounter trouble, I'm afraid it will be difficult to deal with it.

that's all for this article. When applying for a housing loan, most buyers will invariably worry about how to choose the loan period. Therefore, Xiaobian's suggestion is that when choosing the mortgage period, you should not choose a short mortgage period in order to save mortgage interest, but choose the mortgage period reasonably according to your own actual situation. However, in Xiaobian's view, it is better to make the mortgage period as long as possible.