1. Pay in full to save money. Although the first time to pay more money, but from the total number of houses, can be exempted from various fees, bank interest and so on. And because it is a one-time payment, you can bargain with the developer to further save the purchase price.
2. It's light without debt. There is no economic pressure after paying the full amount for the house, because the buyers can no longer worry about the house payment and calmly arrange the future financial plan. At the same time, it also saves time and does not need any credit authentication. Today's work is finished today.
3. It's easy to change hands. From the investment point of view, it is more convenient to sell the house bought in full, and it is not bound by bank loans. Once the house price rises, it will change hands quickly and exit easily. Even if you don't want to sell, you can mortgage your house to the bank when the economy is in trouble.
Two disadvantages of buying a house in full.
1. The financial pressure is great. If the funds are insufficient, after all, a large one-time investment may affect other investment projects of consumers.
2. The investment risk is high. Unless you are very familiar with its real estate projects, including building quality, developer technology, financial strength, etc., buyers need to have a considerable level of technical expertise, which is beyond the reach of ordinary people.
Benefits of buying a house with a loan
1, you can buy a house without full payment. With the help of loans, people just in need can quickly own their own houses without waiting for the full amount;
2. Use funds other than down payment for investment. The down payment for a loan to buy a house is generally around 30%-50%, and the one-time payment is relatively small. Property buyers with funds can free up funds for other investments. As long as the return on investment is higher than the loan interest rate, it is obviously more cost-effective to buy a house with a loan.
The disadvantages of buying a house with a loan
The transaction cycle is long. Generally, the municipal provident fund loan needs about 1 month, the state-managed provident fund needs more than 2 months, and the portfolio loan needs more than 3 months. Coupled with the cumbersome loan procedures, all kinds of certificates and materials, it is more troublesome to pay off the loan, cancel the mortgage and sell the house when you want to sell it later.
Is it better to buy a house in full or to borrow money? Do you have an answer now? Do not have enough funds, directly choose loans; Those who have the ability to buy a house in full can also choose loans and invest the extra money in wealth management products with higher returns. Let's see what you choose.