The mortgage was paid one month in advance, and it needs to be paid on time next month.
After all, only part of the repayment was made in advance, not all of it was settled in advance. After that, the remaining unpaid part naturally needs to be repaid in installments on time according to the repayment plan stipulated in the contract.
However, customers may think that they have paid a monthly payment in advance, including principal and interest.
But in fact, the prepayment of mortgage only pays the principal, and there is no prepayment of interest.
So the customer actually paid back the principal equal to the monthly repayment amount. Wait until the repayment next month, and then return to the principal and interest stipulated in the original repayment plan.
However, we also need to note that the customer has repaid part of the principal in advance, so the interest may be calculated not according to the total loan amount, but according to the remaining unpaid principal. Therefore, although the repayment will still be made on time next month, the repayment amount may change.
Of course, after paying off the mortgage in advance, customers can also choose to keep the monthly payment unchanged and shorten the repayment cycle, so that the amount next month will be the same as before.
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the registration and notarization of real estate mortgage according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
housing loans
Personal housing loan refers to the loan issued by the bank to the borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. entrusted loan
Entrusted loans for individual housing refer to loans issued by banks to individuals who purchase ordinary housing according to regulations, and the source of funds is housing provident fund deposits. Also known as provident fund loans.
Self-operated loan
Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan.
Consortium lending
Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc.
Loan amount: 80% of the value of the loanable property after being audited by the bank.
Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan.
Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old.
Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.
way
There are three ways of housing loans, namely, bank commercial loans, provident fund loans and portfolio loans.
Guarantee fee
In order to avoid mortgage risks, general banks need borrowers to provide guarantee certificates from legal persons, other economic organizations or natural persons with sufficient compensation capacity. If you can find friends or relatives who are willing to provide guarantees and have financial strength, you can issue written documents and credit certificates for the bank. If not, you need to go to a professional guarantee company to provide guarantee. The fee paid at this time is the mortgage guarantee fee.
Do you still need to repay the loan of the month in advance?
If you plan to repay the mortgage in advance, you can directly deposit the money that needs to be repaid in advance into the repayment bank card after the application is successful, and the system will automatically deduct the money, so the customer does not need to repay the monthly payment of the current month.
As for the future monthly payment, it will be recalculated. At that time, interest will no longer be calculated according to the total amount of loans, but according to the remaining outstanding loans. Customers can choose to reduce the monthly payment according to their own economic situation and repayment ability and keep the repayment period unchanged; Or shorten the repayment period and keep the monthly payment unchanged.
Personal housing loan is a kind of consumer loan, which refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for personal use. When a lender issues a personal housing loan, the borrower must provide a guarantee. If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral or pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest.
Repayment method:
The way to repay the principal and interest of the loan shall be agreed by the borrower and the borrower, and shall be specified in the loan contract. If the loan term is within 65,438+0 years (including 65,438+0 years), the principal and interest will be repaid in one lump sum at maturity, and the interest will be paid with the principal. If the loan term exceeds 1 year, the principal and interest of the loan shall be repaid monthly in the form of equal principal repayment and equal principal and interest repayment.
Average capital plus interest
Matching principal and interest repayment method means that the borrower repays the loan principal and interest with the same amount every month (commonly known as "monthly payment"), referred to as "matching method" for short.
Repayment characteristics: equal principal and interest, that is, the sum of monthly repayment principal and interest is equal. This repayment method is easy to make a good repayment budget and reduce the initial repayment pressure, but interest accounts for most of the monthly repayment amount in the initial repayment. In the subsequent repayment, the proportion of principal gradually increased and the proportion of interest gradually decreased, thus achieving a relative balance. This repayment method is suitable for ordinary wage earners.
Calculation method of equal principal and interest repayment:
Equal repayment amount of principal and interest (monthly repayment amount) = [loan principal× monthly interest rate× (1+monthly interest rate )× repayment months ]=[( 1+ monthly interest rate )× repayment months]
Average capital
The average capital repayment method refers to the borrower's equal monthly repayment of the principal, and the loan interest decreases month by month with the principal, and the repayment amount also decreases month by month, so it is also called the diminishing method.
Characteristics of repayment: the repayment of principal is the same as monthly repayment, and the interest is calculated on a daily basis according to the loan principal amount. The early repayment is large, and the monthly repayment is gradually reduced. The interest paid by this repayment method is low, but the pressure of prepayment is great. This repayment method is suitable for families with better economic income.
Calculation formula of equal principal repayment:
Monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.
Part of the mortgage has been paid in advance this month. Do you still need a repayment date?
If part of the mortgage has not reached the requirements of this month, it is necessary to repay the remaining mortgage this month on the repayment date. If it is a total partial mortgage, the general situation is as follows:
1. prepayment method of mortgage loan
1. Pay off all the loans in advance, that is, pay off all the remaining loans at one time. After repayment, the remaining interest is saved, but the paid interest is not refundable;
2. Some loans are repaid in advance, and the monthly repayment amount of the remaining loans remains unchanged, shortening the repayment period;
3. For partial prepayment, the monthly repayment amount of the remaining loans will be reduced and the repayment period will be shortened. These two situations are more common, and the choice can be calculated according to the specific economic ability, the amount to be repaid and the interest rate, both of which can save a sum of interest;
4. Partial prepayment, the monthly repayment amount of the remaining loans is reduced, and the repayment period remains unchanged. This way can reduce the monthly payment burden, but the interest saving degree is slightly less than the second one;
5. The total principal of the remaining loans remains unchanged, but the repayment period is shortened. The latter case will increase the monthly payment and reduce some interest, but it is relatively uneconomical.
Two. Precautions for prepayment of mortgage loan
1. Advance appointment: During the loan period and within one year after the loan is issued, with the consent of the bank, you can apply in writing to repay part or all of the loan in advance. General banks need 2-7 working days to handle this business. Banks have different regulations on early repayment of loans, so lenders must make clear the operating procedures of loan banks before deciding to repay loans in advance.
2. The loan documents should be prepared: if the borrower wants to repay the loan in advance, he should generally bring his ID card and loan contract to the bank for approval after telephone or written application. If it is a borrower who has settled all the balance, after the bank calculates the remaining loan amount, it is convenient for the borrower to save enough money to repay the loan in advance. If it is a customer or owner of the sub-mortgage business, it is best to find a professional guarantee institution to do entrusted notarization, so as to avoid the risk that the customer will not buy it after the owner repays in advance or the owner will raise the price after the customer pays the final payment with the down payment.
3. Calculation method of interest rate after interest rate reduction: The new interest standard is calculated at the beginning of the new year. Therefore, even if the loan is to be repaid in advance, the lender should seize the opportunity and strive to repay the loan in advance before the new interest takes effect at the end of the year. After paying off all the loans in advance, the lender should remember to surrender to the insurance company and other departments.