If you use the provident fund loan to buy a house, loans overdue will appear when you repay it, and the penalty interest will be deducted according to the loan interest rate 150%. If you buy a house with a commercial loan, loans overdue will appear when you repay it, and the penalty interest will be deducted from 130% to 150% of the interest rate promised in the loan agreement.
For example, if a lender buys a flat with a provident fund loan, and the loan interest rate is 3.25%, but he has to pay back the housing loan of 3,000 yuan every month, then the penalty interest for one day overdue is 3,000× (3.25% mortgage loan is 365× 150%)× 1=0.40.
If calculated according to the commercial loan interest rate, the interest rate agreed in the loan agreement is 3.95%, but he has to pay back the housing loan of 3,000 yuan every month. If the penalty interest is calculated according to the agreed interest rate 130%, the penalty interest for one day overdue is 3000×(3.95% mortgage 365× 130%)×60.
Where are the potential high risks of real estate mortgage? In the past ten years, many people have made a fortune by investing in real estate. In fact, the contribution of rising house prices in the whole country to investing in real estate is only a small part, and most people should benefit from the leverage behind real estate mortgage.
Wang Erhua buys a house 1 10,000 yuan. A year later, the house price rose to 2 million, and Wang Er's return on investment was 100%. If Wang Er chooses a mortgage with a down payment of 300,000 yuan, the return on investment of Wang Er is (200-35)/35 = 4,765,438+0%. The long-term investment of mortgage is not 4.7 1 times of mortgage.
Recently, housing prices in Hong Kong have fallen, and another word often appears in the media: negative assets. Negative equity refers to the situation that the mortgage loan of the owner in the financial institution exceeds the total market value of the property due to the falling house price. Let me give you another example:
Wang Erhua bought a house with a use value of 654.38+0 million and a mortgage of 300,000. A month later, house prices plummeted by 50%. At this time, Wang Er still owes the bank 700,000 yuan, but the house is only worth 500,000 yuan. Wang Er encounters two choices: Option 1, the house is not needed, but Wang Er still needs to repay the financial institution loan of 200,000 yuan; Option 2: I want a house, but Wang Er must immediately make up 20+50 * 30% = 350,000, and then continue the rest of the mortgage. If you can't get enough 350 thousand in time, then Wang Er can only choose scheme one.
Suggestions should still be based on your own investment preferences. If you are a risk-averse investor, buy it in full immediately; If you are a risky radical investor, just make a mortgage and come back. If your stock investment risk is between the two, you can make a mortgage loan, but you still need other assets at hand to hedge the risk of real estate collapse.
Whether house prices will eventually fall is a matter of opinion.