The longer the housing loan, the better?
The time of mortgage loan is not as long as possible, which needs to be analyzed in combination with the actual situation, because extending the loan period of mortgage loan has not essentially reduced the pressure on buyers to buy houses. After the mortgage term is extended, the down payment cost will be reduced, but this will only increase the later repayment cost. Moreover, after extending the mortgage term, it seems that the monthly mortgage repayment has decreased, but in fact the total mortgage interest has increased. And with the extension of repayment time, the probability of overdue mortgage will increase. After all, with the passage of time, users' income, physical condition and family structure may change.
What should I pay attention to when buying a house with a loan?
(1) Provide true information to the bank. Providing false information will not only lead to the failure of this loan, but also affect future loans;
(2) Apply for a loan amount according to your own ability. The longer the loan term, the larger the loan amount, and the more loan interest you pay, which will increase your repayment pressure.
(3) Choosing a good loan bank for mortgage, each bank has different loan requirements, and it is necessary to know the relevant standards in advance to avoid the situation that the loan cannot be made;
(4) Choose the most appropriate repayment method. The repayment methods of bank loans mainly include average capital and equal principal and interest. Although the average capital interest is low, the monthly supply is high and the pressure is relatively high. The total interest of equal principal and interest will be higher, but the monthly repayment pressure is small. You can choose the appropriate repayment method based on your own situation.
(5) Repay in full and on time. After the bank successfully handles the loan, you must remember to repay it on time every month. If the repayment is not made on time, the consequences will be very serious. Everyone should repay in full and on time to avoid leaving a bad credit record and causing unnecessary trouble.