According to the regulations of the bank, the mortgage will be deducted in the first month, which is largely because customers choose the repayment method on average funds. Since the payment method in Average Capital is to distribute the principal of the loan equally, the same amount of principal will be paid every month, and the remaining principal will be paid within this month. If property buyers choose mortgage repayment, the reason for the higher interest rate in the first month is that the loan issuance date and repayment date are not the same day, because the repayment amount in the first month refers to the loan principal and interest from the loan issuance date to the next month.
Therefore, the mortgage interest rate in the first month will be slightly higher, because the loan date and repayment date are different, and the bank's interest rate is calculated according to the number of days actually used. At present, most banks will provide two repayment methods, one is equal principal and interest, and the other is average capital. You can choose one.
The mortgage is paid monthly. If the loan amount is not enough, the repayment date of this month will be delayed until the repayment date of next month. During this period, the payment includes all the principal and interest from the loan date to the repayment date of the next month. So, in the first month, you have to pay more. Of course, only mortgage loans will have this situation.
If property buyers choose mortgage loans, the loan amount in the first month will definitely be the highest, and will be reduced every month thereafter. Therefore, the down payment ratio of mortgage loans will be higher, but with the increase of down payment, the pressure on loans will become smaller and smaller.
All of the above are about why the first month mortgage should be paid more. If you want to know why the mortgage should be paid more in the first month, you can learn the above contents in this article. I hope this article can give you some help.