It is a savings card to pay off the mortgage. Because the credit card can only be used for consumption by swiping the card, it cannot be used to pay off the mortgage. Therefore, when a borrower applies for a mortgage, he or she will open a savings card account at the lending bank for repayment and deduction. To repay a mortgage, you deposit cash into a debit account, and the bank debits it on time.

What should you pay attention to when repaying a mortgage

1. Give up the discounted interest rate

I believe that all mortgage slaves know that bank interest rates will change every once in a while. Therefore, at different times, banks often give different mortgage interest rates. For example, when mortgage policies are loose, banks will give borrowers discounted interest rates. If you already enjoy a low discounted interest rate, then you must not repay the loan early. .

Although repaying the loan early can help you reduce a lot of loan repayment pressure, you must know that once you repay the loan early, you will need to re-sign the mortgage contract. In the new contract, the following will be adopted: The latest mortgage interest rates, which means you give up the discounted interest rate and may have to pay more for a car.

2. Repay the loan in advance even if there are liquidated damages

“Once you get a mortgage loan, it is as deep as the sea, and you will be carrying a mountain from now on.” This is the true portrayal of the house slaves, which illustrates Being a house slave is so hard, so in order to get rid of the status of a house slave as soon as possible and to pay less mortgage interest, many house slaves will choose to repay the loan early when they have money. However, you have to know that there are penalty fees for early repayment. .

Of course, different loan banks have different requirements for early repayment. Let’s take a certain bank as an example: If the house slave repays the loan in advance before one year has passed, then the bank will 3% of the early repayment amount will be charged as liquidated damages. According to this calculation, if you repay a loan of 3 million yuan in advance, you will have to pay 90,000 yuan in liquidated damages. This is not more than paying for a car?

3. Borrow usury when you have no money

Generally speaking, the loan repayment process usually takes more than ten years, and can reach up to thirty years. However, no one can guarantee that you will be able to repay the loan within these decades. Something unexpected happened. A friend really couldn't afford to repay his mortgage, so he wanted to borrow money from usury to meet his urgent needs. However, he originally borrowed money to repay his mortgage, so how could he have the money to repay the loan at high interest rates?

Therefore, the consequences are It is conceivable: even people who have never borrowed from usurious loans know that the interest rates are compounding, and the interest rates are so high that in the end, even if you lose the house, you may not even be able to pay back the interest.

4. Not repaying commercial loans first

Generally speaking, the interest rate of provident fund loans is often lower than that of commercial loans, so many home buyers choose provident fund loans when taking out loans to buy houses. . However, in this era of high housing prices, even if a home buyer obtains the maximum amount of provident fund loan, it is often not enough to pay for the purchase of a house. Therefore, many house slaves will choose combination loans to buy a house.

In fact, choosing a combination loan is a good choice. In this way, you can enjoy low interest rates and high loan amounts. However, when repaying the combination loan, many house slaves do not know how to repay the loan first. For commercial loans, instead of paying off housing provident fund loans with relatively low interest rates, wouldn’t this be a waste of money?

5. It doesn’t matter if you abandon your house and cut off the payment

I would like to remind everyone. Home buyers: Abandoning the house and cutting off the mortgage payment is the last resort and should only be done as a last resort. Once some house slaves encounter trouble and need money urgently, they may not be able to repay the loan on time. Some house slaves may even choose to abandon the house and cut off the payment. You must know that once you choose to abandon the house and cut off the payment, your down payment will be in vain. If you pay it, you will end up in the situation of "losing both money and house".