I believe everyone has considered buying a house on weekdays. After all, most people will encounter buying a house in their lives. Now the house price is high, and most people can't use the full money to buy it. Therefore, many people choose to use the loan to buy. However, some people think the loan is risky, so they want to use the full money to buy a house, which has triggered a lot of debate, So is it better to buy a house with a loan or with full payment? What are the precautions for buying a house with a loan?
Loan or full payment?
1、 Advantages and disadvantages of paying in full for a house
Full payment saves money. Although it costs more for the first time, it can be exempted from various handling charges and bank interest from the total number of house purchases. And because it is a one-time payment, it can bargain with developers to further save house purchase money. There is no economic pressure in the future, because buyers can no longer worry about the house payment and calmly arrange their future financial plans. At the same time, it also saves time. There is no need to carry out any credit certification. It is done today.
It is easy to change hands. From the perspective of investment, it is convenient to sell the house purchased with full payment without being bound by bank loans. Once the house price rises, it is fast to change hands and cash out, and it is easy to exit. Even if you don't want to sell, you can mortgage your house to the bank in case of economic difficulties.
Capital pressure is large. If it is not abundant, after all, the one-time investment is very large, which may affect consumers' other investment projects. Investment risk is high. Unless they have a good understanding of their real estate projects, including construction quality, developer technology and financial strength, buyers need to have a considerable technical and professional level, which ordinary people can't achieve.
2、 Advantages and disadvantages of buying a house and doing a mortgage
Spend tomorrow's money to realize today's dream. Mortgage is a proxy, that is, borrow money from the bank. You can buy your own house without spending a lot of money immediately. Therefore, the first advantage of mortgage is that you can buy a house with less money. Use the limited funds for a number of investments. From the perspective of investment, mortgage buyers can invest their funds separately, buy houses with loans, rent and maintain loans, and then invest again. In this way, the use of funds is flexible.
The bank checks for you. The loan is to borrow money from the bank, so the bank naturally cares about the quality of the real estate project. In addition to reviewing yourself, the bank will also review the developers to check for you. The nature insurance is high.
When it comes to the disadvantages of debt, first of all, there is great psychological pressure, because the traditional habits of Chinese people do not allow them to live beyond their means and pay attention to saving, so loan house purchase is not suitable for conservative people. And in fact, buyers do bear heavy debts, which is not easy for anyone. It is not easy to realize quickly, because it is mortgaged by the real estate itself, so it is difficult to sell the house again, which is not conducive to the delisting of buyers.
What are the precautions for buying a house with a loan?
Do not use the provident fund before applying for a loan. If the borrower withdraws the provident fund reserve balance before the loan to pay for the house, the provident fund balance in your provident fund account will be zero, so your provident fund loan limit will be zero, which means that you will not be able to apply for provident fund loan. Do not prepay the loan within the first year. According to the relevant provisions of provident fund loan, part of the prepayment should be made one year after the loan is repaid, and the amount you repay should exceed the repayment amount of 6 months.