With the gradual increase of income, life is getting better and better, and people are getting richer. At this time, I was wondering if I could return all the money in advance. In fact, there are many doorways here, and you still need to know if you have the money to repay the mortgage in advance. What kind of repayment method is good knowledge.

Many people are under great pressure to buy a house at first, and the down payment is borrowed from scratch. The pressure in the early stage is still relatively large, but with the gradual increase of income, life is getting better and better, and more and more money is in hand. At this time, I was wondering if I could return all the money in advance. In fact, there are many doorways. Do you want to know if you have money? What kind of repayment method is good knowledge.

Should I repay my mortgage in advance if I have money?

1. Repay the mortgage in advance, that is, pay off all the remaining loans at one time. After repayment, the remaining interest is saved, but the paid interest is not refundable.

2. Some mortgages are repaid in advance, and the monthly repayment amount of the remaining loans remains unchanged, shortening the repayment cycle.

3. If part of the mortgage is repaid in advance, the monthly repayment amount of the remaining loans will be reduced and the repayment period will be shortened. These two situations are relatively common, and the choice can be calculated according to the specific economic ability, the amount to be repaid and the interest rate, both of which can save a sum of interest. Partial prepayment will reduce the monthly repayment amount of the remaining loans and keep the repayment period unchanged. This way can reduce the monthly payment burden, but the interest saving degree is slightly less than the second way. The remaining loans keep the total principal unchanged and only shorten the repayment period. The latter case will increase the monthly payment and reduce some interest, but it is relatively uneconomical.

Which repayment method is good?

1. Compared with the two repayment methods in the average capital, the repayment method of equal principal and interest will pay more interest than the repayment method in the average capital after borrowing the same loan for a period of time, but the interest paid in the early repayment will not be refunded, which will pay a lot more interest that should not have been paid in advance. Therefore, if there is a plan to repay loans in advance, it is more cost-effective to choose the "average capital repayment method" loan.

2. According to the repayment calculation method of equal principal and interest, the loan period is over half, that is to say, all loans and interest have been paid off by 50%-80%, and the remaining monthly principal accounts for a large proportion, with little interest. At this time, there is not much money saved by prepayment, and most of the money and pressure have been carried forward. There is no need to deliver all the rest at once.

3. If the repayment method of equal principal and interest exceeds half, it is not cost-effective to repay the mortgage in advance. Then, according to the calculation method of average capital, generally speaking, if the repayment time exceeds one third, it will be uneconomical to repay the mortgage in advance. Because there is not much interest left at this time, the rest is basically the principal, and the principal will not be less.

If we follow me, should we repay the mortgage in advance if we have money? After knowing what kind of repayment method is good, we know that if we buy a house with a loan, we should choose the appropriate repayment method. Different repayment methods determine that early repayment is not cost-effective, so you should determine your own repayment method before lending. I hope my introduction above can help you.

Should the mortgage be paid in one lump sum or slowly?

Depending on one's ability, there are certain conditions for being rich and there is no need to generate interest. It takes three or five thousand, but you gave the bank a lot of interest! A mortgage like mine is 654.38+0.5 million, with a monthly interest of about 20,000, almost 2. 1 10,000. Together with the principal and interest, I borrowed it for eight years, and now I earn 200 thousand a year, and the number of loans is decreasing. People in the world who don't have enough money to buy a house or a car depend on your operation. A loan is better than no loan. Self-motivated, it's good to live for a few years. There must be a stable income premise. I am not afraid to borrow money under my own affordability, so I should treat my generation and personal views rationally. All my friends have the ability to mortgage. If it is out of touch with the mortgage, the pressure is getting bigger and bigger, so I have the ability to accept the mortgage interest rate.

I also bought a house for two years, because there is no provident fund, so I have to use a commercial loan. The interest rate of commercial loans is really high, almost 6%. I borrowed 320,000 yuan for 30 years. According to the calculation, if there is no previous repayment, it will be almost 700 thousand in 30 years, and the interest paid is really too much. If you pay it back slowly, 30 years is more than the principal. Now we also know that banks are the most profitable industries, especially those without provident fund can only buy houses with commercial loans, with high interest rates and long time. The interest will be more than the principal.

This is the case of using software to calculate the loan of 320 thousand, 30 years, repayment.

I often wonder when I can pay it off. I really don't want to give the bank so much interest. If conditions permit, I will definitely pay off the loan in advance.

Whether the mortgage is paid slowly or in advance, I think it should be paid in advance according to my own situation. If we don't have a lot of money, as I do now, we should wait until we have money. If conditions permit and there is no urgent need for money, I think it is better to pay off the mortgage in advance. If you use the provident fund to pay back the money, I think it may not be much different between slowly and in advance. After all, the interest rate is not very high.

People who want to buy a house only by commercial loans can only bear such interest rates silently, and there is no way out. After all, many people have to have a house and a car to find a partner and buy a house. After buying a house, they can only work hard to pay the mortgage every month.

If I have money, I think it's better to pay it off in advance. If you own a house, if you need money in the future, such as buying a car, you can continue to borrow money. It will be easier to borrow money if you have a house. If you really need money urgently, it is ok to find a bank loan. I guess it's also the interest rate of commercial loans.

It's actually quite simple. If you invest in financial management, pay it back slowly, leaving enough cash flow to earn money in areas with high mortgage interest.

Without a good investment path, we can repay the loan and improve the quality of life.

Look at your own economic situation. If you have enough money in your hand and there are no other investment and wealth management projects, you can consider returning it at one time; On the contrary, you can only pay it back slowly, so as to ensure that your life will not be affected.

It's up to you. If conditions permit, you can return it all at once.

Is it better to pay back the mortgage slowly when buying a house with a loan, or to pay it back in advance as soon as you have a loan to buy a house?

This depends on two environments: external economic environment and personal earning power. If the external economic environment is inflation, slowly repaying the loan will make you less stressed, but the interest rate of the bank may rise with the market. If you have a good investment project or excellent investment ability, you might as well pay it back slowly and let the present money create more money. Here is a simple criterion: whether the income you get from your investment exceeds the loan interest rate, if it is high, pay it back slowly, if it is low, pay it back in advance.

For a family, the happiness index depends on the asset growth rate or debt ratio. To increase assets or reduce liabilities, if the future is uncertain, it is still recommended to repay the loan first. After all, debt-free is the most certain thing.