Of course there is a big difference. Why?
Because of the current mortgage, when you sign a contract with the bank, you will suggest using the model of equal principal and interest. The advantage of this is that the monthly repayment amount is unchanged and inflexible. For the average family, you can plan your family's financial plan well.
The repayment mode of equal principal and interest is more cost-effective for families who repay in advance. Why?
Because, in the monthly repayment amount, the interest of prepayment can account for about 70%, and the principal only accounts for less than 30%. This means that the more years you pay back, the more interest you pay back and the less principal you pay back. To put it bluntly, the interest is paid back in vain;
Even if you repay in advance, the interest will not be refunded to you, so the sooner you repay, the more cost-effective, because the less interest you pay, that is to say, the less money you throw away, otherwise the more money you give to the bank for nothing, understand this meaning?
Two schemes are provided for reference only!
First, users who repay within 2 years can choose to repay in advance at one time, because the interest you pay is still very small, which is more cost-effective. The earlier the repayment time, the more cost-effective, but it is not recommended to repay in advance for 3 years or more.
Second, if the repayment period exceeds 5 years, it is not recommended to repay in advance, because you still have many opportunities to repay the principal. In other words, you borrowed 2 million yuan, with a principal of 654.38+0.9 million, and you haven't paid it back five years later. Previous repayments were basically interest. In the final analysis, it is not cost-effective to guarantee the bottom, and it has inadvertently increased the cost of returning to the house. What can you do?
You can choose financial management. Now the safer financial management is bond funds, money funds and so on. The annual rate of return is also around 5%. If calculated according to the annual compound interest model, 10 years later can reach about 6%, and there is no problem with interest.
Ayong's comments:
First, you should know yourself clearly, whether you will lose your mind, that is, whether you will repay the loan in advance, whether you will be a monster moth, whether you will do other things, such as speculating in stocks and playing futures, and finally you may lose money. If it is gambling, it is better to choose to repay in advance. At least, if you pay back, you will earn less debt.
The second is to repay in advance, the sooner the better, and it is enough to remember this one. As for the bank's penalty, it can be ignored. Now banks can repay in advance as long as they repay for more than one year. Isn't that simple?
(The above answers were published on 20 18-02-0 1. Please refer to the actual situation for the current purchase policy. )
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