Buying a house in full is good. If you have enough funds, enough to buy a house in full, enough to meet daily needs and some emergency funds, the full amount is of course good. Because the bank's interest rate is low, and all kinds of financial benefits are uncertain, it is better to buy a house in full instead of lending interest to the bank.

But if you don't have enough money, or you need to do business, it's of course a loan to buy a house, so it won't affect your daily needs.

2. When is the most cost-effective time to pay off the loan and buy a house?

If the borrower chooses the repayment method of equal principal and interest, it is suggested to pay off the loan within 1/3 of the total repayment period. If the mortgage is 10 years, it is the most cost-effective to pay it off in the first four years of the repayment period. If the borrower chooses to repay the principal with the same amount, it is suggested to repay the loan within the total repayment time of 1/2, and the mortgage of 10 is within the repayment period.

Personal housing loan refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for personal use.

Personal housing loan business is mainly for borrowers of commercial banks, which is used for borrowers to buy houses for the first time (that is, houses developed and built by real estate developers or other qualified developers and sold to individuals).

Personal housing loans mainly have the following three loan forms:

(1) The entrusted loan for housing guarantee refers to the personal housing loan issued by the housing provident fund management center. Housing provident fund loan is a kind of policy personal housing loan, on the one hand, its interest rate is low;

On the other hand, it mainly provides such loans to low-and middle-income workers who pay the provident fund. However, the interest difference between loans and commercial loans exceeds 1%, so both surnames prefer to choose housing provident fund loans.

(2) Personal housing self-operated loans are loans issued to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, personal housing secured loans.

(3) Personal housing portfolio loan refers to the loan issued to the same borrower's house from the housing provident fund deposit and credit funds, which is a combination of personal housing entrusted loan and self-operated loan. In addition, there are housing savings loans and mortgage loans.

Processing flow:

1. loan application: the customer fills in and submits the application form and application materials specified by CCB.

2. Pre-lending survey and interview: CCB survey, etc.

3. Loan approval: CCB conducts loan approval.

4. Signing a contract: the contract after the customer's loan is approved.

5. Loan issuance: CCB will issue loans after meeting the requirements.

6. Customer repayment: the customer repays the loan on time as agreed.

7. loan settlement.

Third, what kind of mortgage is cost-effective?

The repayment method suitable for each customer's actual situation is different. Comparing the "monthly payment" with the "interest" of the final repayment, the repayment method of "equal principal and interest" fixes the monthly payment in advance under the condition of constant interest rate, which is easy to remember. The repayment method of "average capital" is to divide your loan principal into equal parts within the loan period, and the loan principal returned every month is the same. Because the monthly repayment interest is calculated according to the loan principal, the "average capital" repayment method requires customers to have higher repayment ability at the beginning, and the initial repayment pressure will be greater, but the monthly payment will decrease month by month, and the repayment pressure will become smaller and smaller. At the same time, under the condition of constant interest rate and other conditions, the interest paid by "equal principal and interest" repayment method will be higher than that paid by "average capital" repayment method.

4. What kind of loan is the most cost-effective?

If the borrower chooses the repayment method of equal principal and interest, it is suggested to pay off the loan within 1/3 of the total repayment period. If the mortgage is 10 years, it is the most cost-effective to pay it off in the first four years of the repayment period. If the borrower chooses to repay the principal with the same amount, it is suggested to repay the loan within 65,438+0/2 of the total repayment time and 65,438+00 years of the mortgage loan. It is the most cost-effective to pay off the loan in the first five years of the repayment period. Extended data:

Do I need to pay interest for the early repayment of the house loan? Whether the borrower needs to pay interest after choosing to prepay depends on the contract. If you choose to pay off all at once, then the subsequent interest does not need to be paid. If the borrower chooses to repay part of the loan amount in advance, the interest calculated according to the loan interest rate agreed in the original loan contract still needs to be repaid later. The part that needs to be paid attention to in repaying the loan in advance is not the loan interest, but the liquidated damages. For banks, it is a breach of contract for borrowers to choose to repay loans in advance. Generally speaking, the bank will specify the percentage of liquidated damages in the contract. The penalty charged by most banks is 0%-5% of the repayment amount of 65438+. Therefore, when the borrower chooses to prepay, it is best to call the customer service of the bank first and ask for details. If the borrower's repayment time has exceeded 3 years, there is a high probability that there is no need to pay liquidated damages. Process after the approval of the house purchase loan: After the approval of the house purchase loan, as long as the customer signs the loan contract in time, handles the mortgage and other related procedures, and receives the loan funds, there is no follow-up process to go. After the money is paid to the bank card in the customer's name, it is also automatically transferred to the account designated by the real estate developer by the system, and the customer does not need to transfer money manually. At that time, the customer only needs to repay the mortgage on time and in installments according to the repayment plan agreed in the loan contract. After the mortgage is paid off, the customer goes to the bank to handle the loan settlement procedures, apply for the loan settlement certificate, and get back his warrants; Then bring the loan settlement certificate, other warrants and personal identity cards, housing property certificates and other information to the local housing authority to understand the mortgage procedures. When the house is deregistered, it truly belongs to the customer. Simply put, the whole process of mortgage loan can be divided into the following steps: the first step: choose a house, sign a house purchase agreement and pay the down payment; Step 2: Go to the bank to apply for a loan; The third step: the bank conducts an audit, and the evaluation agency evaluates the value of the house; Step 4: approve and verify the loan amount and notify the customer; Step 5: sign a loan contract and apply for mortgage; Step 6: Bank loan.