Buy a house in full:
Buying a house in full is, as the name implies, a one-time payment of the cost of buying a house. After payment, then the goods belong to you. Unlike other commodities, this may be the most valuable commodity you buy.
Advantages: worry-free, money-saving and time-saving.
1. Buying a house in full can save all kinds of complicated procedures, as well as handling fees and bank interest charges. For developers, a one-time purchase of such a large product will definitely have a certain degree of discount, and generally you can get a discount of about 5%.
2. For people who are afraid of owing money, the advantage of being light without debt is enough to make up for all the shortcomings.
Disadvantages: unfriendly to the poor.
Since buying a house in full is a one-time payment, the pressure is certainly not to be underestimated for some property buyers with tight economy.
Because a large sum of money needs to be raised before buying a house, if it is an auction house, the developer may not pay the house on time for various reasons, resulting in the loss of economic benefits, so this payment method still has certain risks.
Loan to buy a house:
Simply put, buying a house by loan is installment payment, which is popular at present, mainly to attract people who just need to spend and exist for people with weak economic income.
Advantages: Solve the short-term economic pressure.
Its advantage is that it can alleviate the economic pressure caused by one-time payment, make good use of working capital, such as renting out to support loans, and then use the money to invest in other projects, so the funds can be used flexibly.
Of course, the most important thing is that you only need to pay a small sum of money to realize your lifelong dream of buying a house.
Disadvantages: paying high interest.
Because it is an installment payment, it needs to be repaid at the corresponding time within this period. And some office workers may be cut off from the source of economic income because of job changes and transfers, which will of course lead to their inability to repay the loan.
Because it is installment payment, a lot of interest will be accumulated during this period, which will cause a certain economic burden, and the procedures for buying a house with loans are cumbersome and restrictive.
Of course, not all property buyers who are short of funds can get loans smoothly, and the approval of loans is influenced by factors such as the credit history of property buyers, the assessment of family repayment ability, and the details of the source of the houses purchased. Some people who meet the loan application choose to buy a house in full in order to enjoy other housing policies (for example, some cities have preferential interest rates for first-time borrowers, etc.) ).