First, what kind of loan is cost-effective? Which loan is the most cost-effective? It must be analyzed in combination with everyone's actual situation. If so, provident fund loans are of course the most cost-effective compared with commercial loans. 1. Of course, provident fund loans are the first choice for commercial loans and provident fund loans. The interest rate of provident fund loans is low, the monthly interest paid to banks is low, and the relative pressure is small. 2. Commercial loans and portfolio loans are a mixture of commercial loans and provident fund loans. Generally, in the case that the loan amount is large and the provident fund cannot be met, this method still has advantages over commercial loans. 3. When commercial loans are purely commercial loans, we should pay more attention to banks. Under the same benchmark interest rate, which bank? 1. Don't use the provident fund before applying for a loan. If the borrower takes the balance of the provident fund to pay the house payment before the loan, the balance of the provident fund in your provident fund account will be zero, and your provident fund loan amount will be zero, which means you will not apply for a provident fund loan. 2. Don't repay the loan in advance in the first year. According to the relevant provisions of the provident fund loan, part of the prepayment should be made one year after the repayment, and the amount you return should exceed the repayment amount of six months. Don't forget to find the bank around you if you have difficulty in repaying the loan. Don't insist on it yourself when your solvency drops during the loan period and it is difficult to repay. ICBC customers can apply to ICBC for extending the loan term. According to our investigation, if the situation is true and there is no default in repaying the loan principal and interest, ICBC will accept your application for extension. 4. Don't forget to inform when renting a house after the loan. When renting a mortgaged house during the loan period, the lessee must be informed of the mortgage facts in writing. Don't forget to cancel the mortgage after the loan is paid off. When you have paid off all the loan principal and interest, you can go to the district/county real estate trading center where the property is located to cancel the mortgage with the bank's loan settlement certificate and other real estate rights certificates of the collateral. 6. Don't lose the loan contract and IOUs. To apply for a mortgage loan, the loan contract signed between the bank and you and the iou are all important legal documents. As the loan term can be as long as 30 years, as a borrower, you should take good care of your contracts and IOUs. For different mortgage groups, people who can't unify all say that provident fund loans or commercial loans are the most cost-effective for us. This must be combined with the price of the house purchased, and you can choose the way of loan to make a comprehensive comparison. Sometimes house prices are too high to simply choose provident fund or commercial loans. You can also consider portfolio loans, but compared with commercial loans, commercial loans may have more advantages for yourself.

What kind of loan is good for buying a house?

At present, there are mainly housing provident fund loans, personal housing commercial loans and personal housing portfolio loans.

At present, there are mainly housing provident fund loans, personal housing commercial loans and personal housing portfolio loans. Compared with the loan interest rate, the lowest is the housing provident fund loan, followed by bank mortgage loan, housing provident fund portfolio loan and bank mortgage loan. In fact, the choice of loan method needs the lender to consider whether it is suitable for him or not and whether it meets the loan application conditions.

Advantages of provident fund loans: the interest of provident fund loans is lower than that of commercial loans in the same period, and the total interest can be saved a lot.

Disadvantages: According to local policies, employees can only apply for provident fund loans after paying a certain number of years of provident fund. The loan amount is related to the balance and deposit amount of the employee provident fund account, and the maximum loan amount is limited. Provident fund loans are more complicated than commercial loans in terms of loan processes and procedures, and the approval time is longer. The property nature of loans is limited to ordinary houses, and provident fund loans cannot be used for 40-year and 50-year property rights and villas. There are outstanding provident fund loans before, and you cannot apply for provident fund loans again. Advantages of commercial loans: high loan amount. When buying a new house, the down payment shall not be less than the prescribed down payment ratio, and the rest of the house can be loaned. The process and steps are simple. There is no restriction on the nature of real estate property rights, and non-ordinary housing can also apply for commercial loans. Buyers with unlimited loan targets, good credit and stable income can apply for commercial loans. Disadvantages: high loan interest rate and high total interest. Advantages of portfolio loan: moderate interest, commercial loan interest and provident fund loan interest. Because it is a combination of provident fund loans and commercial loans, its loan amount is relatively high. Disadvantages: It takes a long time to handle, because portfolio loans involve both provident fund and commercial loans, which need to be reviewed twice. Commercial loans can only be released after mortgage registration, which also makes the portfolio loan process longer than pure commercial loans and pure provident fund, which leads to many owners' low acceptance of this loan method.

Repayment method

1, features of equal principal and interest: the monthly repayment amount is the same, in essence, the proportion of principal increases month by month and the proportion of interest decreases month by month. With the same loan term and loan amount, the total interest of equal principal and interest is much higher than the average capital. Suitable for the crowd: the repayment amount of equal principal and interest is the same every month, so it is more suitable for families with normal expenditure plans, especially young people, and with age or promotion, income will increase and living standards will naturally rise; If such people choose the principal method, they will be under great pressure in the early stage.

2. The characteristics of average capital: the monthly repayment amount is different, showing a state of decreasing month by month; It divides the loan principal equally according to the total repayment months, plus the interest of the remaining principal in the previous period, thus forming the monthly repayment amount. So the repayment amount in the average capital is more than one month, and then decreases month by month, less and less. Suitable for the crowd: the average capital method has a large repayment amount in the early stage and then decreases month by month, which is more suitable for lenders with strong repayment ability in the early stage. Of course, some older people are also more suitable for this way, because their income may decrease as they grow older or retire.

Which is the most cost-effective way to buy a house with a loan?

There are several ways to buy a house with a loan:

1, housing provident fund loan; 2. Personal housing commercial loans; 3. Individual housing portfolio loans.

Housing provident fund loan: If you are a resident who has paid the housing provident fund, then when buying a house with a loan, introduce a low-interest housing provident fund loan as the first choice. Why? Due to the nature of policy subsidies, the expected annualized interest rate of housing provident fund loans is very low, which is not only lower than the expected annualized interest rate of commercial bank loans (only half of the expected annualized interest rate of commercial bank mortgage loans), but also lower than the expected annualized interest rate of commercial bank deposits in the same period. In other words, there is a spread between the expected annualized interest rate of housing provident fund mortgage loans and the expected annualized interest rate of bank deposits. At the same time, when handling mortgage and insurance related procedures, the housing provident fund loan will be charged by half. ?

Personal housing commercial loans: housing provident fund loans are limited to employees who have paid housing provident fund, so those who have not paid housing provident fund may have to find another way. At this time, it is suggested that they can consider applying for personal housing guarantee loans from commercial banks, that is, bank mortgage loans. As long as your balance in the loan bank accounts for not less than 30% of the funds needed for house purchase, and it is used as the down payment, and the assets recognized by the loan bank are used as collateral or pledge, or the units or individuals with sufficient compensation ability are used as guarantors to repay the loan principal and interest and bear joint liability, then you can apply for using the bank mortgage loan.

Personal housing portfolio loan: do you think that as long as you pay the housing provident fund, you will be able to borrow money to buy a house? Then you broke Tucson, and there were many routines in it. The maximum amount of provident fund loans that can be issued by the housing provident fund management center is generally1-290,000 yuan. If the purchase price exceeds this limit, the insufficient part shall apply to the bank for commercial housing loans. These two kinds of loans are collectively called portfolio loans. This business can be handled by the real estate credit department of the bank. The expected annualized interest rate of portfolio loans is moderate, and the loan amount is large, which is more for the lender to choose.

From this comparison, we can easily see that individual housing entrusted loans (provident fund loans) have the highest cost performance, while individual housing loans (commercial loans) have the heaviest interest burden, but the specific repayment difference depends on the actual situation. Roughly calculated, if there is no provident fund support, you rely entirely on commercial loans, and the monthly repayment burden is still relatively heavy, but the mortgage burden accounting for about 50% of the total income is still acceptable. Therefore, it is suggested that when determining the purchase budget, you may wish to calculate carefully first, list several options for comparison, and then apply for the corresponding loan.

How to borrow money to buy a house is the most cost-effective?

There are four kinds of housing loans, namely provident fund loans, provident fund commercial portfolio loans, commercial loans and other types of loans. Among these loans, provident fund loans are the most cost-effective because of the relatively least interest.

What are the repayment methods for buying a house by loan?

1, repayment by installment. This repayment method is more suitable for young people.

2. Average capital repayment method. This repayment method is suitable for groups with higher income. The borrower can gradually reduce the repayment burden with the increase of repayment period. This repayment method is to allocate the principal to each month and pay off the interest between the previous repayment date and the current repayment date.

3. Equal principal and interest repayment method. This universal repayment method is suitable for people with stable income. Holding equal principal and interest means adding up the total principal and interest of mortgage loans and then sharing them equally every month during the repayment period.

4. Pay interest quarterly and monthly in one lump sum. One-time repayment of principal and interest refers to the repayment method of one-time repayment of loan interest and principal on the loan maturity date.

5. Refinancing. Mortgaging means that the new loan bank helps the customer find a guarantee company, pays off the money of the original loan bank, and then reapplies for a loan at the new loan bank.