Point 1: it's better to have a long house loan
'I bought a house in Neijiang, with a total price of 380000 Yuan. I am fully capable of paying off all the houses, but I chose to pay 180000 yuan as the down payment. I chose 30 years as the loan term, so my monthly supply is about 1000 yuan. It feels like renting a house in Neijiang, and the pressure of monthly housing loan is very small. "Han Ping, a citizen, said that the remaining 200000 yuan can be used for investment and other things.
Han Ping thinks that in many people's eyes, a large amount of interest needs to be paid to the bank for the extension of service life, but the money is also constantly depreciating. Ten years ago, in 2005, when pork was about 4 yuan a Jin, now it's 12 yuan a Jin, and the price is almost three times the original. In ten, twenty, or thirty years, 1000 yuan will be worthless by that time.
'I always have a mortgage. My house is all mortgaged by the bank. Then I go to buy the facade and use the facade rent to repay the loan. Cao Jun said that buying a house is also an investment. The ultimate goal of investment is certainly to hope that money can generate money and profits. Many of his friends have invested in three or four houses or shops, and have made a lot of profits after several trips and rentals.
Cao Jun, a citizen, thinks that the bank's money is very difficult to loan. It's a good opportunity to buy a house loan. He doesn't need to invest all his belongings in the real estate. He thinks that if he can lend more, he should try to borrow as much as possible. Making money is the best way.
Point 2: tighten your belt and pay off the mortgage as soon as possible
'the total price of the house is 350000 yuan, and the down payment is all borrowed. I borrowed 200000 yuan. I chose to pay off in 10 years. The monthly house loan is 1800 yuan. I need to pay back not only the loan but also the loan every month. In this way, the monthly living expenses are only a few hundred yuan. When relatives and friends get married on national day and Spring Festival, I need to borrow red envelopes. 'Zhang Wen, a citizen, told the author that there was a lot of pressure to join the work just now, but he always felt that he owed a lot of money. If you tighten your belt, you should pay back the money as soon as possible.
'it's always uncomfortable to carry the bank's money, and it's not worth paying tens of thousands or even hundreds of thousands more for the loan. 'when Guo Yong, a citizen, bought a house, he wanted to pay it in lump sum, so he borrowed 100000 yuan from his relatives.
According to your actual situation
If the loan is 200000 yuan and the interest rate is 6.9%, the interest to be paid is about 77000 yuan if the loan is 10 years and the principal and interest are equal; if the loan is 20 years, the interest to be paid is about 169000 yuan; if the loan is 30 years, the interest to be paid is about 270000 yuan. The longer the term, the greater the total interest gap.
Borrowing money to pay down or shortening the term of repayment will increase their pressure invisibly. Citizens should keep this pressure within a moderate range. If the pressure is too great, they will still reduce their living standards, which is not very desirable. Extending the loan repayment period will indeed pay tens of thousands, even hundreds of thousands, but if this money is used for other investments, the investment profit is greater than the interest paid to the bank, which is a good choice.