The reduction of monthly payment in the same period refers to a way of repaying loans in advance, whether it is the average capital or the loan form with equal principal and interest. After repaying part of the house payment in advance, the rest will still be repaid by the original repayment method, which will only shorten the repayment period and thus reduce the repayment interest. The monthly repayment cycle is constantly shortened, which is also the most recommended prepayment method in the industry.

One-time repayment, the least interest, but the greatest economic pressure, suitable for people with strong financial resources; Partial prepayment reduces the number of monthly repayment periods. At present, the monthly repayment pressure is relatively small, but the total interest required for repayment is relatively the most; Partial prepayment, unchanged monthly payment, shortened service life, unchanged repayment pressure in the current period, and less total interest required; Partial prepayment, increasing monthly payment, shortening repayment period, increasing repayment principal amount, requiring less repayment interest, but the current repayment pressure is slightly greater; Partial prepayment will reduce the monthly payment and shorten the repayment period, and the prepayment amount is required to reach a large amount.

Mortgage is also called house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract. There are three ways of housing loans, namely, bank commercial loans, provident fund loans and portfolio loans.

Participants in mortgage loans, including commercial banks that provide credit funds, buyers who eventually purchase real estate, and property owners (including developers/second-hand housing owners), also need to participate in the evaluation company and mortgage guarantee company when applying for loans.

Statistics released by Beijing Wancai United Investment Management Co., Ltd., a real estate guarantee company, show that the mortgage utilization rate has reached a high level in major first-tier cities in China at the end of 20 10. In terms of mortgage loans for house purchase, the loan ratio has reached more than 70%, and in recent years, more and more residents have applied for mortgage loans for real estate consumption by using their own names or relatives' real estate. Mortgage has become a way of life closely related to residents' lives.