I believe that friends are more concerned about buying a house. Of course, it involves a wide range, especially on how to handle the house loan and how many years to handle the house loan. I believe that many property buyers are entangled in this problem. Now many property buyers buy houses through loans. After all, it is impossible for ordinary families to return some money at one time. So how many years will it take to get a good housing loan? Let's have a look.

How many years is it cost-effective to buy a house with a loan?

First, just need to live.

If it is used for self-occupation and there is no intention to sell the property or replace the new house, the shorter the suggested period, the better. Under normal circumstances, it is suggested that the repayment period of owner-occupied houses is 15-20, which is more suitable for buyers, and the total interest paid is more reasonable, and their normal living standards will not be greatly affected.

Second, just consider

For some small partners who may change their houses in the medium and long term, the longer the suggestion period, the better. Of course, the specific situation should be analyzed in detail. For example, if you have other channels, you can get a higher loan interest rate than a house loan, and the longer the loan period, the better; But you are just an ordinary office worker with few financial channels. You just want to buy a house as a way. In order to save interest, it is suggested that the loan term should be as short as possible.

Third, invest in buyers.

At present, many people buy houses for investment. At this time, when choosing the loan term, it is best to see how much you can get from it. If you think that real estate will continue, house prices will continue to soar, and you can get high returns, then the longer the loan period, the better; If we think that the real estate era is over and the future growth is at a low speed, such as around 8% or lower, then the shorter the loan period, the better.

How to get a cost-effective housing loan?

If conditions permit, it is best to choose provident fund loans, with lower interest rates and less interest payments. For example, taking the benchmark interest rate of loans with a term of more than five years as an example, the benchmark interest rate of commercial loans is 6.55%, while the benchmark interest rate of provident fund loans is 4.5%, which is about 2 points lower than that of commercial loans. Calculated by loan of 500,000 yuan, loan time of 20 years, and equal principal repayment. If commercial loans are used, the total interest will be 328,864.59 yuan. However, if you use provident fund loans, you only need to pay interest of 225,937.48 yuan.

Summary: Well, that's the introduction of how many years of housing loans are cost-effective. I hope I can give you some help. I believe that in the process of understanding how many years of housing loans are cost-effective, friends will be more handy and get their own satisfactory answers.

How many years is the most cost-effective mortgage?

For most working-class families, the best way to buy a house is to borrow money, but many people are struggling with how many years it will take to pay off their mortgage when applying for a loan. So how many years of mortgage is the most cost-effective? How big is the summary of the rejection of mortgage application? Keep reading if you want to know!

First, how many years of mortgage is the most cost-effective?

Considering the loan interest and other issues, it is recommended that buyers set the repayment period as 15-20 years, which is the most cost-effective. Not only will the total amount of interest paid be less, but it will not have much impact on their daily lives. Of course, the economic conditions of each family are different, and the specific repayment period needs to be decided according to the actual situation of the individual.

Second, what is the probability of applying for a mortgage being rejected?

1. When applying for a mortgage, the bank has three criteria for examining the applicant, namely, the applicant's income level, credit status and the status of the house purchased. Once any one of them has problems, it may lead to the rejection of the mortgage application by the bank.

2. Under normal circumstances, as long as the applicant's income level and credit status are no problem, the mortgage application can be passed. In addition, many real estate developers now have cooperative relations with a bank, and buyers who apply for mortgages in cooperative banks will have a greater chance of success.

3. If the money borrowed by the applicant is used to buy a second-hand house, the bank needs to evaluate the second-hand house and then determine the down payment and loan amount after the evaluation. However, when banks receive real estate-related regulations such as restrictions on purchases and loans, the review of mortgages will be very strict, and the materials provided by everyone must be complete and true, so the chances of applying for approval are greater.

Summary: The most cost-effective related content about how many years of mortgage is introduced here for everyone, hoping to help everyone. In short, applying for a mortgage is not as much as possible, so the pressure of repaying the loan in the future will be very great, and before applying for a mortgage, I suggest you know the local mortgage policy first and make full preparations!

How many years is it cost-effective to buy a house loan?

1. Generally, the term of house loan is 5 years, 10 years, 15 years, 20 years and 30 years. The shorter the loan term, the less the loan interest, the more cost-effective, but the individual's repayment ability should be considered in detail.

2. If the lender's income is high and stable, and he can bear a high monthly payment, then he can choose a short-term loan; On the contrary, if the borrower's income is low or unstable, extending the loan term can reduce the monthly repayment pressure, but the total loan interest will be much higher. In short, how many years a house loan is cost-effective depends on your repayment ability.

3. In addition, the mortgage term is also limited by the age of the lender, and the final repayment period cannot exceed the longest term of the lender stipulated by the bank. For example, if the lender is over 50 years old, the loan term cannot exceed 10 years.