Notes on loan 1. Make sure your credit information is all right.
When accepting a mortgage application, the bank needs to check the lender's credit report. If it is found that the lender has a recent record of not repaying on time, then the loan application is likely to fail. Therefore, in order to prevent this kind of trouble, it is suggested that the lender check the personal credit report before applying for a loan, and take timely measures to remedy any abnormality.
2. Understand the bank's loan requirements.
At present, all banks have carried out personal housing mortgage loan business, but the loan requirements of different banks are different. It is best for borrowers to know the loan requirements before applying for mortgage loans to see if they are suitable for loans. It is best to "shop around" when choosing a loan bank.
3. Prepare the loan procedures.
In order to ensure a smooth loan and save the time of applying for a loan, it is best for the lender to prepare the necessary procedures for the loan before lending.
4. Reasonable arrangement of income.
To buy a house with a loan, you must prepare a down payment before buying a house. It should be noted that all the savings can't be used to buy a house, because after you get the house, you will face problems such as decoration and furniture purchase, so at least one-third of the savings should be reserved.
5. Choose a suitable loan bank.
It is very important to get a loan. When applying for a loan, it is more important to consider saving costs. For this reason, borrowers should make more efforts when choosing loan banks. Find more banks to compare, compare which interest rate is affordable, and then go through the loan procedures further.
6. Choose the loan term
You can apply for a loan of up to 30 years to buy a house. The longer the loan time, the higher the interest that the loan applicant needs to bear, but the less the repayment pressure in each period. However, the loan term is not as long as possible, and the lender needs to choose according to the actual situation of the applicant.
7. Choose the right repayment method
At present, there are two ways of mortgage repayment: one is equal principal repayment; The other is equal principal and interest repayment. Among them, the average capital saves interest, but the early repayment amount is large, which is suitable for borrowers with higher income; The monthly repayment amount of equal principal and interest is the same, which is easy to remember, but the total interest expenditure is more. Therefore, friends who borrow money to buy a house must choose the appropriate repayment method in combination with their real economic income when applying for a loan.
8. Choose floating interest rate or fixed interest rate.
Through this interest rate cut, it is not difficult to see that friends who choose floating interest rates have advantages. But it doesn't mean that a fixed interest rate is necessarily bad. Comparatively speaking, floating interest rate is more in line with the law of economic market changes.