First of all, the advantages of full payment
1, one-time payment, saving money and trouble.
One-time payment, in the long run, saves money and trouble, and can avoid various handling fees and bank interest. And you can also bargain with developers to save money further, and you don't have to run around because of loans, saving some trouble.
2. Being light without debt
After paying the full amount, there is no financial pressure on the mortgage, so you don't have to worry about the mortgage every month, and you can also make other financial investments. At the same time, it also saves time, and does not need any credit certification, loan review, etc. Today's work is finished today.
3. Easier to change hands
From the perspective of investment, it is more convenient to buy a house in full and then sell it, without being bound by bank loans. Once the house price rises, it will change hands quickly and exit easily. Even if you don't want to sell, you can mortgage the property to the bank if you have financial difficulties.
Second, the disadvantage of paying in full.
1, the financial pressure is too high.
If the funds are insufficient, after all, a large one-time investment may affect other investment projects of consumers.
2. The investment risk is a bit big.
Unless you are very familiar with its real estate projects, including building quality, developer technology, financial strength, etc., buyers need to have a considerable level of technical expertise, which is generally beyond the reach of ordinary people.
First, the advantages of mortgage loans
1, spend tomorrow's money to round today's dream.
Consumers don't have to spend a lot of money to buy their own house right away, so the first advantage of buying a house with a mortgage loan is that they can buy a house with less money.
2. Use limited funds for other investments.
From the perspective of investment, mortgage to buy a house investors can invest their own funds separately, borrow money to buy a house and rent it, and then reinvest, so that the use of funds is more flexible.
3, the bank will help you check, and the insurance is higher.
When making mortgage loans, banks will pay special attention to the merits of real estate projects. In addition to reviewing the relevant information of buyers, they will also help you review the developers and help you check, which is naturally safer.
Second, the shortcomings of mortgage loans
1, heavily in debt
Speaking of shortcomings, first of all, psychological pressure is great, which is not suitable for conservative people to borrow money to buy a house. Second is economic pressure. It is not easy for anyone to bear heavy debts. Moreover, if you don't repay the loan on time, the bank is likely to repossess your house.
2, it is not easy to realize quickly.
Because the property itself is mortgaged, it is difficult to sell the house again, which is not conducive to the delisting of buyers.