1. Matching principal and interest repayment method: namely, the borrower repays the loan principal and interest with the same amount every month. In this way, at the initial stage of repayment, the interest expense is the most, and the principal is relatively small. In the future, with the gradual reduction of monthly interest expenses, the returned principal will gradually increase.
2. Average capital repayment method, that is, the borrower repays the loan principal with the same amount every month, and the interest decreases month by month with the principal, and the monthly repayment amount also decreases month by month. Summary: Under the condition of the same loan time, the interest to be paid by the equal principal and interest repayment method is higher than that by the average capital repayment method. Therefore, if you plan to repay in advance, you'd better choose the average capital repayment method. Depending on the repayment method, the borrower can choose to reduce the mortgage loan according to the term or reduce the mortgage loan in full.
Contract law of the people's Republic of China
Article 201 Liability for breach of contract
If the lender fails to provide the loan according to the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses. If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.
How to determine the main lender when buying a house by loan
1. When husband and wife jointly apply for a loan to buy a house, they pay attention to who gets the main loan and who gets the sub-loan. In the face-to-face interview, the bank loan officer will ask which one of the husband and wife is designated as the "lender" and which one is designated as the "co-lender" to participate in the repayment. When determining the primary lender and the secondary lender, it must be determined according to the actual situation, and can be analyzed from the aspects of income, credit information and age.
2. If the husband and wife jointly borrow money to buy a house, the main lender should choose the one with higher income and stability. The bank will evaluate the repayment ability of the applicant through the income certificate or the running water of the bank, so it is easier for the bank to approve the loan when the high-income and stable party is taken as the main lender during the face-to-face signing.
3. Inquiring about the personal credit information of both husband and wife is an essential link for husband and wife to jointly apply for loans. Generally speaking, the party with good credit information should be the main lender, because when the husband and wife jointly borrow money to buy a house, as long as one party has credit information problems, it will affect the approval of mortgage loans. Generally speaking, banks will not accept loan applications if there is a problem with the credit record of the main lender.
In fact, from the above analysis, we can see that in our country's laws, it is not strictly stipulated that people who jointly repay housing loans must be immediate family members. The key question is whether the buyer has the ability to repay. As for the relationship between buyers and sellers, under normal circumstances, the law will not care.