Is it worth buying a house with a loan? Now

Is it worth buying a house with a loan?

My idea is that it is worthwhile to spend your whole life buying a house that really belongs to you.

I have this idea because if I don't have a house and rent a house for a long time, my heart will never be stable. I always feel like I'm floating. Although this kind of life may also make you worry about food and clothing, the thought of a house will always make you feel miserable.

This is why many people choose to buy a house even with a loan. It turns out to be true. Many people bought a house with nothing at first, but it took ten or twenty years to pay off the loan bit by bit. When they have their own real house, they not only have a sense of security, but also a sense of accomplishment.

If you save enough salary before buying a house, your idea is out of date. I once had the idea of saving enough money to buy a house, but it was never enough. You saved enough money to buy a house before, but the house price has gone up again, and it will take many years to save. So if you plan to buy a house, you might as well get a loan to buy a house early. After paying off the loan, there is no pressure and you can enjoy life easily.

Is it cost-effective to borrow money to buy a house and mortgage?

My opinion is that mortgage loan is the best way to manage money for first-time home buyers.

First, buying a house by loan is a kind of loan supported by the state, and the interest rate is low. At present, the annual interest rate of housing loans for more than five years is 7.05%, and the interest rate of provident fund loans is 4.9%. During the same period, the highest five-year interest rate of bank deposits was 5.50%, and the highest spread was 1.55%. In other words, if a part of the house payment is to be used as a bank time deposit, then the actual annual interest paid to the bank is the total loan. Because the funds saved by using housing loans have a lot of room for use, they can be deposited in banks regularly and used as futures, gold, wealth management products or other investment methods, and the yield will be high. If you don't want to bear the bank interest. You can repay at any time in the bank.

Second: at present, house prices have risen sharply for many years. In the long run, affected by land price and urbanization, housing prices will always be on the rise, and the increase may be eased, but the upward trend will not change, especially the real estate in central cities. Therefore, buying a house is the best investment product at present, which has increased by more than 20% every year in previous years. This year, governments at all levels have set the highest growth rate, and the lowest is above 10%. In June, the national consumer price level rose by 6.4% year-on-year. Cpi is usually used as an important indicator to observe the level of inflation. Generally speaking, when CPIgt3% increases by 3%, we call it inflation; When CPIgt5% increases by 5%, we call it SeriousInflation, which means serious inflation.

So the currency keeps depreciating and prices keep rising. Since the date of the bank loan, the purchasing power of the loan has been depreciating, and the interest to be paid for the loan is pitiful compared with the utilization rate of the saved funds.

Third, at present, with the rapid economic development, people's lives have been greatly improved, social mobility is huge, and the demand for bank loans is increasing day by day. Therefore, it will be normal for bank loans to be tight, mortgage loans will become stricter and the handling fees will become higher and higher. So handle it early and save money early. For example, in the past, the minimum discount for housing loans was 30%, and there was no relevant formalities. Now the lowest benchmark interest rate can only be 8.5%, or individual small banks or foreign banks.

Therefore, the loan to buy a house is still very cost-effective.

Is it worth buying a house with a loan?

Whether buying a house loan is cost-effective depends on the financial situation of your house at that time. If you can buy a house in full, you don't need a loan, and you save a high loan interest. If you are eager to buy a house, but you are unable to pay the full amount, it is undoubtedly a very cost-effective choice to buy a house with a loan.

First, the advantages of loans to buy a house

1, less capital investment

The advantage of buying a house with a loan is that you can buy a house first and have less money.

2. Capital activities

From the investment point of view, the loan buyer can separate the funds, such as renting out the house and then buying other projects, so that the use of funds is more flexible.

3. Less risk

Mortgage loan is to borrow money from the bank to buy a house. In addition to buyers concerned about the quality of the house, the bank will also review it. In this way, the insurance for buying a house will increase.

Second, the disadvantages of buying a house with a loan

1, in debt. Speaking of shortcomings, first of all, people are under great psychological pressure, because the traditional habits of China people do not allow people to make ends meet and pay attention to savings, so it is not suitable for conservative people to borrow money to buy a house. And in fact, buyers do bear heavy debts, which is not easy for anyone.

2, it is not easy to realize quickly. Because the property itself is mortgaged, it is difficult to resell the house, which is not conducive to the delisting of buyers.

3. What information do I need to prepare for the mortgage?

1. If you need to prepare a loan application, you can go directly to the bank and fill in the relevant information truthfully.

2. My ID card, including your ID card and your household registration book, can be fully prepared if you have a passport or a police officer's card.

You also need to prepare a personal proof of marital status. If you are married, you need to prepare a marriage certificate. If you are not married, you need to go to the civil affairs department to issue a single certificate.

It is important to prepare personal income certificate, because the bank should consider whether you have repayment ability, such as your salary running bill. To start a company, you need to provide a tax payment certificate.

5, but also provide proof of the purchase contract and down payment.

6. If this house belongs to someone else, another person also needs to provide his own identification and so on.

Is it cost-effective to borrow money to buy a house? Is it worth it?

Many people are hesitant to borrow money to buy a house or bite the bullet and save it all at once. In fact, there are still many advantages to buying a house with a loan. If you list it a little, you can give many examples. For example, the biggest advantage of buying a house with a loan is that it will change you from the proletariat to the bourgeoisie and from a houseless household to a householder. Of course, buying a house with a loan has the following advantages:

1, you can buy a house with less upfront investment and less money.

Now more and more people buy houses through loans. Buying a house with a loan can cost very little money. You only need to prepare a part of the down payment and have a certain repayment ability. The rest of the money is going to be borrowed from the bank.

2. The expected annualized interest rate is low and the use of funds is more flexible.

Judging from the change of the expected annualized interest rate, the expected annualized interest rate of the mortgage benchmark dropped from the same period last year to 654.38+10,000 30-year equal principal and interest loans, which can save about 654.38+10,000 yuan. On the other hand, from the investment point of view, the annualized interest rate is now expected to be in the downward channel, and buyers can use the funds for other investment projects, making the use of funds more flexible and convenient.

3. The risk of buying a house is small.

Because the bank is very strict in reviewing the mortgage and tries to minimize the risk, the bank will inspect the house that you borrowed to buy a house, so that the house purchased by the buyers will generally have no problems and ensure the safety of assets.

Why is it not worth buying a house with a loan?

Do you think this life is worth fighting for a house and a mortgage for 20 or 30 years? At present, there are two views: one thinks that it is not cost-effective to repay the loan in the golden years of life, and it will take 20-30 years. Another view is that as long as the monthly payment ratio is not high, why not repay the loan for 30 years? For example, the monthly salary is 1.2 million, and the monthly repayment is less than 4,000 yuan. This repayment pressure is not great. As long as the loan has no impact on your life and the house improves your happiness index, it is acceptable to repay the loan in 20 to 30 years.

Moreover, we believe that in foreign countries, mortgage is usually only between 10 and 15, and mortgage accounts for no more than 30% of wage income. In this case, it is reasonable to buy a house with a moderate loan. The mortgage has to be repaid for 20 -30 years, which shows that there is a bubble in real estate now, and it is not worthwhile for the majority of buyers to pay for some vested interests. It is suggested that those families who want to buy a house can actually solve the housing problem by renting a house and overdraw their income in the next few decades with a mortgage, which is really not cost-effective.

First of all, even officials of the Ministry of Housing and Urban-Rural Development admit that the quality of domestic real estate is poor, and the life span of a house is generally around 30 years. Therefore, for property buyers, it takes 30 years to repay the loan. Once your loan is paid off, the house will be confiscated. Is it really worthwhile to work hard for such a house in my life? At the same time, the current mortgage interest rate is above 5.6%, and the second home loan interest rate is above 6%, which means that if you borrow for 20-30 years, the interest repaid is almost the money owed to the bank. Originally, you owed the bank 500,000 yuan, but after 20 or 30 years, the interest paid will definitely exceed the loan 500,000 yuan.

Furthermore, in the past, housing prices rose and residents' income increased substantially, mainly based on the background of high economic growth in China. In the future, the era of high economic growth in China has come to an end. Entering the painful period of economic restructuring, the future real estate market is full of variables, and the income growth of residents will definitely slow down. Can you guarantee that you will not be unemployed for 20-30 years? Can you guarantee that house prices will only rise and not fall in the future? Can you guarantee that nothing will happen in the next few decades? I don't know what I will do in the next few decades. Isn't it risky to borrow it for twenty or thirty years? The mortgage term 10- 15 is reasonable. 20-30 years is basically a lifetime, which is definitely paying for high housing prices.

Thirdly, having been a house slave for 20-30 years, you should start to tighten your belt, dare not spend money, dare not jump ship, dare not have children, dare not get sick, and hand over all your property to banks and developers. In the case of high housing prices, it is not valid to say that there has been no pressure to repay loans for decades. What's more, after buying a house in one city, it is impossible for young people to go to other cities for employment and entrepreneurship. Therefore, once you buy a house, you become a house slave, and even the opportunity to start a business does not belong to you.

Is it worth fighting for a suite all your life? The answer is definitely not. At present, domestic housing prices are pushed up by monetary easing and speculative real estate speculators. In the future, house prices will definitely be deleveraging, speculative and return to the residential property. At this time, you can easily repay the loan in just over ten years. For property buyers, the quality of domestic houses is not high, the future economy and income are uncertain, and buying a house will overdraw the income in the next few decades. I'm afraid the bank's interest will be equivalent to the house price when you repay the loan. Therefore, it is really not cost-effective to borrow money for a house for 20-30 years. Therefore, it is the most worthwhile thing to rent a house now and wait until the house price falls to a reasonable range before buying a house.

Is it worth buying a house with a loan?

I don't think people have to borrow money to buy a house.

I don't think the bigger the number of years and the amount of loans, the better.

It is generally recommended that you borrow money to buy a house for the following two reasons.

The first mortgage loan is for us ordinary people.

Obtain the most cost-effective borrowing channel.

The second currency will depreciate.

So I borrowed from the bank for a long time.

We can use it.

Because the risk of inflation has been thrown to the bank, right?

Everyone underestimates the bank.

Yes, this theory actually holds.