1. Increase the down payment price. For many property buyers, buying a house in full is undoubtedly the most worry-free operation, because buying a house in full means no need for bank loans. Since there is no bank loan, there is no mortgage.
But there are many problems in buying a house in full! In this era of high housing prices, a suite will cost one or two million at a time, not to mention the housing prices in first-tier cities, which can be said to be outrageous! Although you don't need to buy a house in full, you can increase the down payment and reduce the burden of repayment in the future if conditions are sufficient.
2. Borrower's Credit Buying a house to apply for a mortgage now will be decided according to your own credit situation! Generally, the mortgage interest rate given by different borrowers will be different. If your loan application conditions are poor, then the mortgage interest rate may be quite high! For this problem, family members with relatively good family conditions can apply for mortgages, which may lead to a lower mortgage interest rate, which is equivalent to a lower mortgage interest rate in disguise.
With more and more mortgage applications, people are now interested in personal credit information. Therefore, if you need to buy a house, you must always pay attention to keeping your personal credit information good.