To buy a house loan, we must first understand several loan methods, such as provident fund loan, commercial loan and portfolio loan. Before buying a house, you can consider your own loan method. We use the provident fund to pay the least interest, but the loan amount will be determined according to the payment of our provident fund. The interest rate of commercial loans is generally the interest rate stipulated by the state. Some banks will choose to float, and the overall interest rate is relatively high.
For most people, there are many business loans. At this time, how to get a discount on the loan interest rate is the most critical. Interest rate discount can reduce interest expenses and achieve the purpose of saving money. We will start to brush our own running water six months before we plan to buy a house. At this time, we will try our best to brush our running water higher, so that the bank will think that we have strong repayment ability and are willing to lend us money, which is also the premise of obtaining interest rate concessions.
Buying a house with a bank loan, if you want to get a discount, you can become a customer of the loan bank. Usually you can buy some wealth management products in the bank, so that the bank can get some benefits from us. Only in this way can we get a lower interest rate in the bank and save money by buying a house. However, it is very important for us to consult the bank in advance about what level of wealth management products to buy in order to get preferential treatment.
After we get the preferential loan interest rate, we have to choose the appropriate repayment method. At present, commercial loans provide two repayment methods: average capital and equal principal and interest. In fact, the monthly repayment amount of equal principal and interest is certain, but we paid more interest in the early stage and less overall repayment amount. The monthly repayment amount in average capital is decreasing, and the initial repayment amount is relatively large, but the monthly repayment amount is also relatively large.
You can choose the above two repayment methods according to your actual situation. If your income is getting higher and higher, you can choose average capital. If your income is relatively low, you can choose equal principal and interest, so that your quality of life will not be affected after the loan.
The last thing I want to tell you is the loan term and loan amount. In fact, if we have a financial management method that outperforms the loan interest rate, we can borrow more. If there is no best loan, we will decide the loan term according to our income. For example, the same loan amount, 30 years is definitely less than 20 years, and our pressure is also small. These are the choices we make according to the actual situation.