Most people buy houses now. As a prospective house slave, you should carefully consider the loan term before buying a house. The repayment amount of a loan in one year varies according to the limits of different people. So is it appropriate to borrow money to buy a house for 30 years? How to choose the loan term?
A 30-year housing loan is appropriate.
At present, the loan to buy a house, most friends choose the loan period between 30 and 20 years. Of course, they may choose 15 and 10.
Take the total house price of 6,543,800+0,000 as an example, the first 10,000. According to the current benchmark interest rate, the total interest of the loan for 20 years is 399,466 yuan. Loan for 30 years, monthly repayment of 37 15, total interest of 63743 1 yuan.
As can be seen from the above data, the repayment pressure of 866 yuan per month is 30 years less than the loan of 20 years, and the price paid is 30 years more money. Whether it is suitable or not depends on how the buyer chooses between decompression and interest. Bian Xiao thinks that the loan term is more appropriate when the monthly income is not high and the repayment pressure is high.
How to choose the loan term?
1, depending on family income
When buying a house, the buyer should deduct the expenses according to the monthly income of the family, leaving the necessary expenses, medical expenses, travel expenses and people to see how much can be used for financial management. For example, if you can stock futures and expect a relatively high income, then in this case, I suggest that you can completely outperform the bank loan.
2. Look at the age of the borrower
Although he is 20 years old, not everyone can choose a risk consideration of 30. The bank will take the borrower's house age as one of the bases for granting the loan period. If the house is over 20 years old, banks usually choose to refuse a longer loan period.
3. Accounting for the current month
If the monthly payment does not exceed 50, it should be controlled within 30% as far as possible, otherwise, 30 years will be chosen if the monthly payment pressure is small; If the economy is rich enough to withstand the pressure of monthly payment, you can choose 20 years.
4. Look at the nature of the property.
Different properties will get different loan conditions. The nature of Baiyin Real Estate provides loans with different years, such as the longest loan period for auction houses is 20 years, and the longest loan period for commercial and residential houses and commercial houses does not exceed 10 years.
5. Is there a plan for prepayment?
Generally speaking, commercial loans have prepayment business. After the payment is made in advance, the interest on the remaining amount will be recalculated. Therefore, Bian Xiao suggested that when the economic conditions are poor, you can choose a 30-year loan first. When the economic conditions are good in the later period, deposit100,000 in hand, and then choose to repay the loan in advance.
Therefore, at present, commercial loans are still the main way to buy a house. Most of them have the ability to buy a house in full, and they will also choose loans to buy a house. The rest of the money will be used for some financial projects. Therefore, it is necessary for friends to know the loan knowledge before going through the loan formalities.
Second, how many years is the appropriate loan period for buying a house in China?
It's all the same depending on your salary!
3. Is there a standard for buying a house loan for several years?
Legal analysis: according to the different loan methods, the term of housing loan is also different. Generally, no more than 30 years is the appropriate standard. On the one hand, the longest period for banks to lend personal housing is 30 years, on the other hand, they can consider their own economic ability.
Legal basis: Article 11 of the General Principles of Loans states that the loan term shall be determined by both the borrower and the lender through consultation according to the borrower's production and operation cycle, repayment ability and the lender's capital supply ability, and shall be specified in the loan contract. Generally, the term of self-operated loans shall not exceed 65,438+00 years, and those exceeding 65,438+00 years shall be reported to the People's Bank of China for the record. The longest discount period of bill discount shall not exceed 6 months, from the discount date to the maturity date of the bill.