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. As 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 we don't need to buy a house in full, we can raise the down payment under sufficient conditions, which will reduce the burden of repayment in the future.
2. The borrower's credit. Buying and applying for a mortgage loan 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 mortgage loans, which may lead to a lower mortgage interest rate, which is equivalent to a lower mortgage interest rate in disguise.
With the increasing phenomenon of mortgage application, the problem of personal credit reporting is also fancy, so if you have the need to buy a house, you must pay attention to keeping your personal credit reporting good.