What does the first payment date mean?

Hello! The first payment date refers to the date of the first payment after the loan is successfully issued. For example, if Zhang San’s loan application at ICBC is approved, the bank agrees that Zhang San’s first repayment date is the 20th of the next month. In this way, the date when the bank first deducts the principal and interest from Zhang San’s repayment account is next month. On the 20th of the month, every subsequent deduction will be on the 20th of the month. The last deduction is the same as the loan disbursement date. For example, Zhang San has a 20-year loan and the date of loan approval is January 16, 2016. Then, the last repayment date is January 16, 2036. Thanks for reading!

What does the down payment mean when buying a house?

The down payment is the first payment when buying a house. You cannot take out a full loan when buying a house. You have to pay part of it up front and get a loan from the bank for the rest. The current requirement is to pay 30% of the house payment. Because of the risk of loan repayment, relevant departments will require home buyers to provide a part of the down payment, that is, to pay a part of the house payment personally in advance to prove that you have the ability to repay.

The level of down payment directly affects the buyer's decision. This is a fact; but what is low down payment and what is high down payment? In fact, this concept in physics is also applicable to low down payment and high down payment in the property market. Take the housing price of a certain person in a popular area of ??a certain district as an example. In 2003, there were still a lot of houses priced at 3,000 yuan/square meter. A house of 100 square meters cost 300,000 yuan; 20% of the down payment was 60,000 yuan, 30% of the down payment was 90,000 yuan, and 40% of the house price was 90,000 yuan. It is 120,000 yuan; today in Longhua, people still have to queue up to buy a 6,000 yuan/square meter house. The same 100 square meter house is 600,000 yuan, 20% is 120,000 yuan, 30% is 180,000 yuan, and 40% is 240,000 yuan; if the house price is not effective Control, increase to 10,000 yuan/square meter, a 100 square meter house will cost 1 million, and a second building will cost 200,000 yuan.

Just compare and you will know. It is meaningless to say that 40% is higher than 20%. If you want to say it, it must be based on the premise and the comparison is at the same price; otherwise it is really easy to say how much is more or less! Here it comes out, if increasing the down payment can effectively control housing prices, or even bring housing prices down, then 40% is not necessarily more than 20%; the 30% down payment is calculated in this way, using the retail unit price of the house x the total area of ????the house = The total price of the house. The total price of the house More than 30, because banks will not provide loans over 70, and the calculation result will definitely be a fraction.

About the first payment of a mortgage

The monthly payment refers to the total principal and interest for one month. Your first payment is almost two months old, so the monthly payment is of course higher.

How many days are there from July 20th to September 15th? It’s nearly two months? It would be nice if I don’t charge you 6,600.

What do the down payment and the first installment of a loan mean?

Loan is repaid in installments. For example, a one-year loan is repaid in 12 installments. The first month's repayment is also called the first installment.

What does the down payment of a credit card mean?

It means how much you have to pay back by swiping your card. This consumption amount is the application payment!

What does the down payment calculated by the mortgage calculator mean?

If it is your first home, then he will calculate it for you based on 30% of the house price

What does the mortgage and down payment mean when buying a house?

A mortgage loan means to buy a house. Mortgage to the bank and apply for a loan from the bank. The down payment is the first mortgage of the funds to buy a house, which is the installment payment to buy the house. For example: I buy a house for RMB 1 million. According to bank regulations, I must pay at least RMB 30 first, and then repay the rest in installments according to the period agreed between you and the bank. But you have to mortgage the house to the bank. If you can't pay it off on time, the house will be auctioned off for you. The down payment is generally 30% of the house price before you can apply for a loan, and the remaining 70% can be applied for a loan.

Loans are now divided into two parts, commercial and provident fund. The provident fund interest rate is 2 points lower than that of commercial. Although the interest rate difference is 2, the loan for buying a house is 20 or 30 years, which is very considerable. The money paid.

What does down payment mean for buying a house? Be specific!

Post owner:

In commercial housing transactions, the down payment is the initial payment for a home buyer to apply for a mortgage loan. One of the economic conditions.

If a home buyer is unable to pay the entire house payment at one time, he or she needs to apply for a mortgage loan from the bank. At this time, he must prove to the lender that he has the financial ability to repay the loan, which means that he can currently provide a mortgage loan. The total house price is 30 or more in cash, proving that the individual has the ability to repay the loan.

Relatively speaking, after paying the down payment, the remaining part of the house payment will be paid by the bank loan and the home buyer, and the lender will repay the bank loan and its interest on a monthly basis until all principal and interest are paid off.

What does the ratio of installment down payment mean?

The down payment amount is the total price of the purchased product multiplied by the down payment ratio. The down payment ratios are 10, 15, 20, 25, 30, 35, 40, 45, and 50. You can choose according to your own financial situation. The higher the down payment amount and proportion, the lower the repayment pressure will be in the future. On the contrary, the higher the repayment pressure will be.

What does a mortgage ratio of 70% mean? For example, if I buy a house worth 100,000 yuan, the down payment is 30,000 yuan. Does this mean? 10 points

This is true for new houses. Second-hand houses will have an appraisal. For example, if you buy a house worth 100,000 yuan and the appraised value is 90,000 yuan, then your loan limit is 90,000 X 70 = 63,000 yuan, 100,000 yuan. -63,000 = 37,000; now 37,000 is your down payment, not the 30,000 you understand;

The bank determines the loan amount, whichever is lower between your transaction price and the appraised value, execute 70. If it is a second-hand house, it will be the above situation.