Outsiders can also apply for a mortgage loan when buying a house. It’s just that different regions have different requirements for foreigners to apply for mortgages when buying houses. In some regions, foreigners need to provide proof of continuous payment of social security for a period of time, or proof of payment of personal income tax for a period of time. Some areas implement a point-based house purchase and settlement policy. As long as you meet the local house purchase policy requirements, you can prepare your personal ID card, family household registration book, personal work certificate, personal income certificate and other documents, and submit a mortgage application to the bank. After the bank reviews the information and certificates submitted by the individual, you will be notified if it is approved. Sign a house purchase contract.

What are the advantages and disadvantages of equal amounts of principal and equal amounts of principal and interest?

1. The advantages and disadvantages of the equal principal repayment method. As the number of repayments increases, the repayment pressure will gradually become smaller. With the same loan amount, interest rate and borrowing period, Under the conditions, the total amount of interest of the equal principal repayment method is smaller than that of the equal principal and interest repayment method. Disadvantages: Although the interest will gradually decrease and the repayment pressure will gradually decrease, for ordinary people, the pressure of repaying an equal amount of principal is still relatively high at the beginning.

2. Advantages and disadvantages of the equal principal and interest repayment method. The advantage is that you can repay the same amount every month. As a borrower, the operation is relatively simple and there is no particularly heavy repayment pressure. You need to repay the same amount every month. The amount of responsibility is fixed, which means that the expenditure of household income can be controlled in a planned way. Disadvantages: Unlike equal principal repayments, a large amount of money will be paid at the beginning, so the persistence period will be longer, and because the interest will not decrease with the return of the principal amount, the total interest on the repayment will be will be higher.

What are the disadvantages of equal principal amounts?

The disadvantages of the equal principal repayment method are: the pressure in the early stage of repayment is relatively high, many people cannot bear it, and the supply is likely to be cut off. This method is more suitable for those who currently have sufficient funds. Or a lender with relatively strong early repayment ability.