At present, housing prices are getting higher and higher, so people can only go to the bank to apply for a mortgage. When you go to the bank to apply for a mortgage, it is inevitable to choose the loan term. For most property buyers, considering the pressure of monthly supply, they can only choose to borrow for 30 years. Is it terrible to have a mortgage for 30 years? Not as terrible as everyone thinks!

Is it terrible to have a mortgage for 30 years?

This depends on different people, because some people think that a 30-year mortgage is more appropriate, and some people think that the interest on the output of a 30-year mortgage is too high.

Judging from the mortgage interest rate, the 30-year mortgage interest rate is actually not high.

For example, suppose you are now 1.5 million yuan. If you buy a house in full, you can only get one suite. However, if you take a house of 6,543.8+0.5 million as collateral, the down payment is 30%, only 500,000, and the remaining 6,543.8+0.0 million can be used to buy low-risk wealth management products or make a balanced combination of stocks and bonds. It is not difficult to expect a compound annualized income of 5%.

So you only need to pay the mortgage every year 13684.

Combined with examples, mortgage to buy a house is indeed the best choice for ordinary families. Especially in years, the longer the better, the maximum use of time.

Secondly, with the change of mortgage to LPR, the interest rate keeps falling, and our monthly payment will gradually decrease. Add time and inflation, and you will find that the less money. For example, if you mortgaged a house 20 years ago, you might only need 500 yuan for one month, which was a huge sum at that time.

And the house belongs to the wealth of value preservation. If there is a real shortage of funds, the house can also play a great role.

The above is "Is the mortgage for 30 years terrible?" I hope I can help you!