Which is more cost-effective to buy a house with a credit card or a loan?

Which is more cost-effective to buy a house with a credit card or a loan? We can look at it from the aspects of risk, pressure and transfer.

1. From a risk perspective

Generally speaking, if you apply for a loan when buying a house, the risk is quite small, and the bank will definitely review it. In this way, The insurance of buying a house has been improved. Nowadays, many new houses are off-plan, so if you choose to make a one-time payment, there are still a lot of risks in buying a house.

2. From a perspective

Although you have to spend a lot of money at one time to buy a house, it may be most of your life savings. But compared with bank loans to buy a house, you will save less bank interest, and there are definitely many discounts and discounts from developers who buy the house with full payment.

3. From a pressure point of view

To buy a house with full payment, you must spend all you need to buy a house at once. According to the current housing prices, this is not something ordinary families can do. , so many families have to endure a lot of pressure in the early stage in order to collect this money, and it is also very hard.

4. From the transfer point of view

The loan to buy a house is processed through the bank, so the home buyer needs to mortgage the real estate certificate to the bank when applying for the mortgage, and the mortgage The time is usually 20 to 30 years. If you want to sell the house, you must pay off the balance and obtain the real estate certificate before transferring it. The procedures are cumbersome and the cycle is long. But there are no such procedures when buying a house with full payment, and it can be sold at any time.