Whether buying a house loan is cost-effective depends on the financial situation of your house at that time. If you can buy a house in full, you don't need a loan, and you save a high loan interest. If you are eager to buy a house, but you are unable to pay the full amount, it is undoubtedly a very cost-effective choice to buy a house with a loan.

First, the advantages of loans to buy a house

1, less capital investment

The advantage of buying a house with a loan is that you can buy a house first and have less money.

2. Capital activities

From the investment point of view, the loan buyer can separate the funds, such as renting out the house and then buying other projects, so that the use of funds is more flexible.

3. Less risk

Mortgage loan is to borrow money from the bank to buy a house. In addition to buyers concerned about the quality of the house, the bank will also review it. In this way, the insurance for buying a house will increase.

Second, the disadvantages of buying a house with a loan

1, in debt. Speaking of shortcomings, first of all, people are under great psychological pressure, because the traditional habits of China people do not allow people to make ends meet and pay attention to savings, so it is not suitable for conservative people to borrow money to buy a house. And in fact, buyers do bear heavy debts, which is not easy for anyone.

2, it is not easy to realize quickly. Because the property itself is mortgaged, it is difficult to resell the house, which is not conducive to the delisting of buyers.

3. What information do I need to prepare for the mortgage?

1. If you need to prepare a loan application, you can go directly to the bank and fill in the relevant information truthfully.

2. My ID card, including your ID card and your household registration book, can be fully prepared if you have a passport or a police officer's card.

You also need to prepare a personal proof of marital status. If you are married, you need to prepare a marriage certificate. If you are not married, you need to go to the civil affairs department to issue a single certificate.

It is important to prepare personal income certificate, because the bank should consider whether you have repayment ability, such as your salary running bill. To start a company, you need to provide a tax payment certificate.

5, but also provide proof of the purchase contract and down payment.

6. If this house belongs to someone else, another person also needs to provide his own identification and so on.

Is mortgage a good deal? !

In terms of loan interest rate, it is cost-effective. As we all know, when banks apply for loans, the loan interest rates of different products will be different.

The mortgage interest rate is definitely higher than the mortgage interest rate. The average interest rate of 202 1 first home loan is above 5.8%, while the mortgage interest rate is generally around 5%.

Suppose A wants to buy a house with a price of 6,543,800 yuan. If A chooses to buy a house loan, A is prepared to make a down payment of 300,000 yuan and needs to apply for a mortgage of 700,000 yuan.

According to the loan interest rate of 5.8%, if the loan term is 30 years, the loan interest that Party A * * * needs to bear is about 1.2 million.

And if A buys a house in full and then mortgages the house, the high probability is that the loan amount is about 700,000, and the loan interest rate is about 5%.

Of course, the bank will not allow A to apply for a 30-year mortgage loan. According to the calculation of 10 year, A * * * needs to bear the interest of about 350,000 yuan.

In addition to saving interest, if you buy a house in full before mortgage, you can also save a tax, and because the buyer buys a house in full, you can also negotiate the price of the house with the developer.

And the general approval period of mortgage loan is 1-2 months, and the approval period of mortgage loan is 2-3 working days.

Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.

housing loans

Personal housing loan refers to the loan issued by the bank to the borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. entrusted loan

Entrusted loans for individual housing refer to loans issued by banks to individuals who purchase ordinary housing according to regulations, and the source of funds is housing provident fund deposits. Also known as provident fund loans.

Self-operated loan

Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan.

Consortium lending

Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.

Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc.

Loan amount: 80% of the value of the loanable property after being audited by the bank.

Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan.

Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old.

Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.

way

There are three ways of housing loans, namely, bank commercial loans, provident fund loans and portfolio loans.

Is it cost-effective to borrow money to buy a house and mortgage?

My opinion is that mortgage loan is the best way to manage money for first-time home buyers.

First, buying a house by loan is a kind of loan supported by the state, and the interest rate is low. At present, the annual interest rate of housing loans for more than five years is 7.05%, and the interest rate of provident fund loans is 4.9%. During the same period, the highest five-year interest rate of bank deposits was 5.50%, and the highest spread was 1.55%. In other words, if a part of the house payment is to be used as a bank time deposit, then the actual annual interest paid to the bank is the total loan. Because the funds saved by using housing loans have a lot of room for use, they can be deposited in banks regularly and used as futures, gold, wealth management products or other investment methods, and the yield will be high. If you don't want to bear the bank interest. You can repay at any time in the bank.

Second: at present, house prices have risen sharply for many years. In the long run, affected by land price and urbanization, housing prices will always be on the rise, and the increase may be eased, but the upward trend will not change, especially the real estate in central cities. Therefore, buying a house is the best investment product at present, which has increased by more than 20% every year in previous years. This year, governments at all levels have set the highest growth rate, and the lowest is above 10%. In June, the national consumer price level rose by 6.4% year-on-year. Cpi is usually used as an important indicator to observe the level of inflation. Generally speaking, when CPIgt3% increases by 3%, we call it inflation; When CPIgt5% increases by 5%, we call it SeriousInflation, which means serious inflation.

So the currency keeps depreciating and prices keep rising. Since the date of the bank loan, the purchasing power of the loan has been depreciating, and the interest to be paid for the loan is pitiful compared with the utilization rate of the saved funds.

Third, at present, with the rapid economic development, people's lives have been greatly improved, social mobility is huge, and the demand for bank loans is increasing day by day. Therefore, it will be normal for bank loans to be tight, mortgage loans will become stricter and the handling fees will become higher and higher. So handle it early and save money early. For example, in the past, the minimum discount for housing loans was 30%, and there was no relevant formalities. Now the lowest benchmark interest rate can only be 8.5%, or individual small banks or foreign banks.

Therefore, the loan to buy a house is still very cost-effective.