Although we chose 30 years for the loan period, with the improvement of the economic level and the rise of wages, if we look at the current monthly payment in 10 years, we may feel that the pressure is very small and it will not be the same as now. So much pressure. No bank requires 30 years of repayment for a 30-year loan. Most banks require early repayment after one year of repayment. In real life, most home buyers with 20- or 30-year mortgages will choose to pay off the mortgage in one lump sum in advance, or pay off part of the mortgage in advance. So we should not think that after 30 years of mortgage, it will definitely be repaid for 30 years. Most people may pay off their mortgage in more than 10 years. By that time, they will be 3 or 4 years old, and they will still be repaying it when they are 5 or 6 years old. Home loans are rare.

Although buying a house and renting a house do not affect living, there are more choices for renting a house, and the living experience of renting a house may sometimes be better than buying a house, but there is still an essential difference between buying a house and renting a house. When we buy a house and pay off the mortgage in the end, the house belongs to us and is our asset. We can transfer the property to our children or sell it. At the end of the rental period, we had nothing. All the rent went to the landlord. After 30 years, we still had no house. We had paid rent for decades and in the end, we had nothing. Moreover, the rent will change with the market conditions. Most of the time, the rent will rise, which means that the longer the time, the higher the rent we pay. Basically, there will be no big increase in the monthly payment of the mortgage during the loan period. Changes, so it is still better to buy a house than to rent a house.

For those who dare to take out a 30-year loan at the age of 40, only civil servants and state cadres have the courage and courage. Most bosses either buy the house in full. A few years at most, and it’s impossible to do it for 30 years. If you are not a boss or a civil servant. There is really no need to take out a loan to buy a house. It is better to support the children and grandchildren. Or do something within your ability and make some investments. Just make your own home a little better. Because apart from stable jobs, most working people have no way to be stable. And after the age of 40, people's lives are subtracted. Cherish the moment and try to live every day well.