First, one-time full payment
(A) Advantages
1, which can be appropriately discounted. At present, the one-time payment for buying a house will give preferential treatment, but the intensity is different. For example, if you buy a house with a price of 1 10,000, the developer will give you a 30% discount, which is 97% discount, saving 30,000 yuan.
Step 2 save money. Compared with bank mortgage procedures, one-time payment saves a lot of handling fees and does not have to pay bank loan interest.
3. The process is simple. It is time-saving and convenient to buy a house in full and sign a house purchase contract directly with the developer.
4, easy to shoot. From the perspective of investment: the full amount of money is convenient to buy and sell, and is not bound by banks. Once the house price rises, it will change hands quickly and sell easily. In case of financial difficulties, you can mortgage your house to the bank.
5, psychological pressure is small. Compared with the pressure of monthly mortgage repayment, I will feel much better, and the saved loan interest will be used to improve my quality of life.
(2) Disadvantages:
1, the financial pressure is high. It is possible to spend all the remaining money on buying a house, and insufficient funds will affect the quality of life.
2. There are many variables. After many one-time payments, the developer may not handle the online signing filing procedures in time. During the transaction, there are five incomplete certificates in the pre-sale of real estate. Although it promises to complete the formalities within a certain period of time, it is full of unknown variables for property buyers.
3. The risk is high. For buying an auction house, the developer fails to deliver the house on time, or the funds are insufficient, so it is impossible to deliver the house, and some of them end up as unfinished buildings. The full amount may be paid for the water drift, or the principal may be repaid after much trouble, but the loss of interest is more.
Second, bank mortgage loans.
(1) Advantages:
1, with less capital burden in the early stage. Limited funds have done a great thing, and there is still a little money left, so we can make more investments.
2. File in time. Pay the down payment, go through the filing formalities directly, and provide the materials yourself.
3. Less risk. Borrowing money from the bank to buy a house, in addition to caring about the quality of the house, the bank will also review it, so that the insurance for buying a house is high.
(2) Disadvantages:
1, less discount on buying a house.
2. High bank interest. For example, for a house with a price of 1 10,000, the down payment is 300,000, the loan is 700,000, and the repayment is 25 years. Basically, the interest will catch up with the down payment
3. Heavy debts. It is not easy for anyone to buy a house with a loan and bear heavy debts.
This process is very complicated. The cumbersome process is reflected in a series of processes such as applying for loans, submitting materials, bank review, and lending after approval.
5. The loan period is long and it is not easy to realize it quickly. Real estate mortgage loan, and the loan time is about 20 years, which is not conducive to the sale of houses.
6. Life is stressful. Many people are forced to pay back by mortgages, need monthly payments, and cannot pay freely financially.