The interest rate of each installment of a mortgage is not the same, whether it is equal principal repayment or equal principal and interest repayment. The equal principal and interest repayment method is to add up all the principal and interest and distribute it equally to each month. However, in fact, the ratio of principal and interest is not fixed. The interest allocated in the early stage of repayment will account for the majority, and the subsequent principal and interest will account for the majority. The proportion of gold will increase. The monthly repayment of an equal amount of principal consists of a certain principal and the interest generated by the remaining unpaid principal, so that the interest in each period will gradually decrease.

What should you pay attention to when buying a house with a loan

1. The quality of the house

A house will be lived in for decades. Once a house purchase contract is signed with the developer, and After submitting a loan application to the bank and requesting a refund due to quality problems, the procedures and procedures are also quite complicated, which greatly damages the vital rights and interests of home buyers. In order to safeguard their legitimate rights and interests, home buyers must carefully evaluate every detail inside and outside the house during the home inspection process.

2. Developer’s “Five Certificates and Two Documents”

Developers have already consumed a large amount of funds in the early stages of building a house. Some developers quickly withdraw funds and often provide relevant certificates. Without completing all the necessary procedures, the property was put on the market early. In order to avoid disputes after purchasing a house, it is recommended that home buyers focus on checking the developer's "Five Certificates and Two Documents", including the "State-owned Land Use Certificate" and "Pre-sale License".

3. Contents of the contract supplementary agreement

In order to promote the transaction rate of real estate projects, many real estate salespeople will now promise various oral agreements to home buyers. In fact, only when these verbal agreements are written down in black and white into a contract will they have formal legal effect. Oral agreements are generally written into the house purchase contract in the form of supplementary agreements. Citizens should pay attention to the contents of the supplementary agreement when signing the contract.

4. The specific delivery date in the contract

Many citizens believe that the delivery date is the year when the developer hands over the keys. In fact, this is a common misunderstanding about home purchases. In addition to giving home buyers the keys to the house, the developer should also process the right certificate to deliver the house at the same time. When the delivery date in the contract is unclear, it will affect the buyer's move-in time and future transfer procedures. However, the delivery date must be specific to the end of a certain year.

5. Text specifications of the house purchase contract

Once both parties to a house transaction sign a house purchase contract, both parties will be bound by the law. If there are problems in the house purchase contract itself, it will not be legally recognized when a housing dispute arises. A common problem is the textual specification of the house purchase contract. It is recommended that when signing a contract, buyers should pay attention to whether the contract is a uniformly printed text of the real estate department.