First, strive to improve credit.
Usually pay more attention to your credit in the bank and try to improve your credit. Especially for second-time home buyers, in addition to enhancing their credit, they can also concentrate personal financial assets such as savings, treasury bonds and funds in one bank, and become VIP customers of the bank after reaching a certain amount, so as to enjoy certain interest rate concessions when lending. At the same time, provide as many preferential conditions as possible to obtain more loans, such as self-owned assets and so on.
Second, choose the repayment method flexibly.
There are two common repayment methods, one is equal principal and interest, and the other is average capital. Matching principal and interest, the repayment amount of each period (month) is the same, the principal is repaid first and then the interest is repaid, and the total interest is high. In average capital, interest is paid first, and then principal is paid. The early repayment pressure is great, and it will gradually decrease in the future. Average capital's repayment method is more suitable for high-income people, while average capital's repayment method is more suitable for people with stable income. Some mortgage owners either don't understand the doorways of the two repayment methods, or think that the monthly repayment amount of equal principal and interest is the same, so they choose the repayment method of equal principal and interest. In fact, the average capital repayment method can save a lot of interest for mortgage borrowers compared with the equal principal and interest repayment method.
Third, borrow wealth management products
In order to help mortgage owners save interest, many banks have launched a series of wealth management products to save mortgage interest. The basic idea is to offset mortgage interest with deposit interest. For the mortgage family, it is equivalent to prepayment, leaving a working capital on hand. Mortgage owners may wish to compare the mortgage financing products of various banks and choose a product that suits them.
Fourth, repay the loan in advance reasonably.
There are five main ways for banks to repay loans in advance, namely, one-time repayment; Partial prepayment, reducing monthly payment, and the repayment period remains unchanged; Partial prepayment, constant monthly payment, shortening the repayment cycle; Partial prepayment, increasing monthly payment, shortening repayment period, partial prepayment, reducing monthly payment and shortening repayment period. Generally speaking, the first three are more common. Moreover, different ways of repaying loans in advance can save a lot of interest, and the one with less interest can be paid off at one time, but this way is obviously not acceptable to everyone. As for the other two repayment methods, interest expenses can also be reduced, and even the spread can exceed100000 yuan. However, if the monthly payment is increased, it will increase the pressure of life. The method of reducing monthly payment and fixed number of years at the same time, if the amount of prepayment is not much, the reduced interest is also limited. Comparatively speaking, bank mortgage lenders still advise customers to adopt the method of "keeping the monthly payment unchanged and reducing the number of years".