It is cost-effective to buy a house in full and then mortgage it to a bank loan.

Let's calculate the loan interest rate first, and the principal and interest will be equal for 20 years, and the loan will be 6,543,800 yuan.

First home mortgage, most banks, the increase BP (basis point) is 1.03 (subject to the updated data of LPR in the current month);

Second home mortgage, most banks, the increase BP (basis point) is1.28;

The mortgage interest rate, taking the 20-year matching principal and interest of China Everbright Bank as an example, is 4.85% annualized;

It is clear at a glance which is higher and which is lower.

The latest LPR 4.65, the first suite implementation interest rate is 5.68.

Calculation:

The deposit before and after is167-156 =110000, and the prepayment policy and loan amount are the same.

This "buy first and then lend" method is more suitable for customers who buy the first set of houses without provident fund.

Comprehensive analysis: It has the following five advantages.

1, bargaining space. Buying a house in full will be more inclined to the seller. On the one hand, he can withdraw funds quickly, on the other hand, he can avoid mistakes in loan (time limit for approval, credit problems, etc. ). So there is more room for bargaining in the purchase price.

2, can save the proportion of taxes and fees. If you buy a house in full, you don't have to care about the price of online signing. Taxes and fees can often save a sum of money.

3. The interest rate is very low. In the current Wuhan market, the annualized interest rate of mortgage (excluding provident fund loans) is generally 5.68, and the second interest rate is around 5.93. The mortgage interest rate has hit record lows this year, ranging from 3.85% to 4.85%. The longest loan period is 20 years (there will be policy subsidies this year).

4. The loanable amount is high. The loanable ratio of mortgage (70% for the first suite and 50% for the second suite) and the mortgage amount (60-70%, 80%, 10%) are ignored.

5, the speed is fast. The general approval period of mortgage loan is 1-2 months, and the approval period of mortgage loan is 2-3 working days. Can help you lock your favorite house as soon as possible.

However, there are advantages and disadvantages:

1, cannot use the provident fund. Because it is a mortgage loan, it is impossible to repay the loan with the provident fund.

2. Not suitable for auction. If you must have an existing house, apply for a real estate license immediately and mortgage it.

Housing mortgage loan interest rate is not high, the longest loan period can reach 20 years:

More importantly, the maximum amount of mortgage loan can be the same as the value of the house. This is equivalent to a white wolf with empty gloves, and a real zero down payment to buy a house. But because of this, mortgage loan has finally become a risk in the real estate market. At the beginning, the down payment was to effectively offset the risks brought by the mortgage. Now the mortgage risk has been amplified.

It is not so easy to apply for a mortgage loan now. Individuals can only apply for a small amount, and a large amount needs the mortgagor to have business to complete. Therefore, although mortgage loans are fragrant, they are very harmful. It is better to buy a house with an honest loan. At the same time, don't always think about investing in real estate, because the era of closing your eyes and buying a house to make money is really over.

Is it cost-effective to buy a house in full and then mortgage it? Analyze from these aspects.

Banks are very strict in reviewing loans to buy houses. Many people will buy a house with a full loan because they don't meet the loan conditions, and then mortgage the house to get funds and return it to others. If it is best to consider the cost of buying a house in this way, is it worthwhile to buy a house in full and then mortgage it? Let's take a look together.

Is it cost-effective to buy a house in full and then mortgage it?

If you buy a house in full and then mortgage it, you can judge whether it is cost-effective by analyzing the loan interest rate, repayment pressure and the use of funds.

1. loan interest rate: the interest rate of buying a house by loan is different from that of buying a house in full and then mortgaging it. The interest rate of the first home loan for commercial loans to buy a house is basically around 6%, and that of the first home loan for provident fund loans in mortgage interest rates is generally around 7%, which is still higher than the interest rate for buying a house by loans.

2. Repayment pressure: the mortgage period of the loan to buy a house does not exceed 5 years, and the loan is hundreds of thousands or even millions. The monthly repayment pressure is high, and there is a risk of overdue at any time. In contrast, the loan period can be as long as 30 years, and the monthly repayment pressure is small. As long as the capital chain is not broken, it will not be overdue easily.

3. Use of funds: the mortgage of loans to buy a house is usually a consumer loan, and this kind of loan is earmarked, especially when the loan amount is relatively large. Banks will track the use of funds at any time and ask borrowers to provide relevant consumption vouchers. If it cannot be provided, the loan can be settled in advance and the liquidated damages can be paid. And if it is a loan to buy a house, there is no such concern.

Is it cost-effective to buy a house in full and then mortgage it? . To sum up, buying a house in full and then mortgage it, and buying a house with a loan have their own advantages and disadvantages. As for how to choose, it depends on the borrower's own actual situation and needs.

Can I mortgage immediately after buying a house in full?

You can mortgage after buying a house in full. But the loan after buying a house in full is a commercial loan, while the housing mortgage loan is a non-commercial loan. The interest rate of commercial loans generally rises by about 20%-30% on the basis of the benchmark interest rate, while housing mortgage loans can enjoy preferential policies on the basis of the benchmark interest rate, and the amount of housing mortgage loans is better than commercial loans. Therefore, it is best not to choose to buy a house in full and then mortgage.

legal ground

Article 13 Determination of loan interest rate: The lender shall determine the interest rate of each loan according to the upper and lower limits of loan interest rate stipulated by the People's Bank of China, and specify it in the loan contract.

Is it feasible to buy a house in full and then mortgage it? The answer is here.

There are many rich people in life, so there are also many people who buy a house in full, but buying a house is not a small expense after all. If it is in urgent need of special circumstances, many people will think of making a mortgage loan for their house. After all, the house can still be used, so is it feasible to buy the house in full and then mortgage it?

First, it is feasible in operation.

It is certainly feasible to buy the house in full, the property right is entirely your own, and then mortgage it to the bank. It just means that different banks may have different requirements for mortgage conditions, such as:

1, the room age should not be too long, within 35 years;

2. The nature of the land on the property right certificate is land for transfer or commercial use;

3. For married people, the mortgage must be signed by both husband and wife;

4. Other credit, income and use conditions stipulated by the bank.

Pay attention to the money mortgaged by the house, which may only be about 70% of the total amount of the house. If the shop facade is lower, it may.

Second, in terms of interest rates, it may not be feasible.

If it is a house purchase loan, you can choose a bank commercial loan or a housing provident fund loan. At present, the bank loan interest rate is determined by the LPR benchmark interest rate obtained from the market quotation. From the big environment, it is a continuous decline. In 2022, the LPR benchmark interest rate has dropped to zero, and the housing provident fund loan interest rate will be even lower. Because the loan to buy a house is a livelihood issue, the state will support it, especially for the first suite, and the interest rate will be lower.

If you buy a house in full and then mortgage it out, you can only mortgage it to a bank loan, not to live in, and you can only use it for other purposes. Generally speaking, the interest rate of mortgage loan will be higher than that of mortgage loan, and the floating range of bank loan interest rate will be relatively high, so it may not be very cost-effective.

The above is about whether it is feasible to buy a house in full and then mortgage the loan. I hope I can help you.

How to apply for a mortgage loan for a full house?

Full mortgage loan requires the borrower to fill out an Application for Mortgage of Residential Houses before handling the mortgage loan, and submit some relevant supporting materials to the bank: the borrower's fixed income certificate issued by the borrower's unit, the loan guarantor's business license, legal person certificate and other credit supporting documents.

Mortgage means that the mortgagor and the creditor conclude an agreement in writing not to transfer the possession of the mortgaged property, and take the property as the guarantee of the creditor's rights. When the debtor fails to perform the debt, the creditor has the right to discount it according to law or give priority to compensation with the price of auction or sale of the property.

Real estate mortgage refers to the mortgage set with real estate as collateral.

The so-called real estate refers to the property that cannot be moved or will lose its original value or use value, such as land (in China, it is limited to the right to use construction land and the contractual management right of mortgaged land), buildings and other land attachments (such as houses).

Is it a scam to buy a house in full and then mortgage it?

It is not a scam to buy a house in full and then mortgage it. It's just that many people think it will be more cost-effective to buy a house in order to save interest rates. Actually, it's not. Mortgage loans can't last for 30 years at all, and can only be paid off in a short time. If the monthly funds are not too sufficient, it is ok to buy a house with a normal loan. Mortgage loans are still risky.

Is it a scam to buy a house in full and then mortgage it?

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If you buy a house in full, the user has the ownership of the property. At this time, you can use the real estate as collateral and apply for a mortgage loan directly. The advantage of mortgage is that the loan amount is relatively high and the loan interest rate is low. During the mortgage period, the mortgaged property still belongs to the lender. Unless the lender fails to repay the loan on time, the bank can dispose of the mortgaged property.

Therefore, if the user is in good financial condition and has enough liquidity, he can choose to buy a house in full and then apply for a mortgage loan.

Is it appropriate to mortgage the house after buying it in full?

Very uneconomical. In essence, mortgage loan can also be regarded as a kind of mortgage loan, but why do you recommend mortgage loan instead of applying for mortgage loan after buying a house in full? The main reasons are as follows:

The interest rate of mortgage is much lower than that of mortgage.

The mortgage interest rate is generally around 4% to 5%, even if it rises by 20%, the highest is 5.88%. The bank's mortgage interest rate is generally around 8%- 12%, and the interest rate is much higher than the mortgage.

The term of mortgage loan is much longer than that of mortgage loan.

Mortgage loan is usually in 1-3 years, and the longest is 5 years. It will be renewed every year when it expires, with high cost and complicated procedures. The longest term of mortgage loan is 30 years. If you have idle funds, you can repay them in advance at any time. The procedure is convenient, so don't worry about the maturity of the loan.

The difference between mortgage loan and direct loan to buy a house after buying a house in full

1. First of all, the mortgage interest rate must be higher than the mortgage interest rate, the life span should be short, the monthly repayment amount should be high, and the mortgage amount is not necessarily 70%.

2. Mortgage is a loan that individuals borrow from banks for the longest time and the interest rate is relatively low. No loan is more cost-effective than mortgage. At present, the benchmark mortgage interest rate is 4.9, which can reach 70% to 80% of the total house price at most, and can be loaned for 30 years at the longest. The procedure is simple, and you can choose the way of equal principal and interest and average capital to repay. You can repay the loan in advance, you can also pay part of it, and you can adjust the loan term. These are a lot of benefits that the state gives to individuals.

3. Mortgage loan, generally with short time, high interest rate, complicated procedures and high requirements for personal credit information, will definitely choose mortgage loan.