Buying a house is not only a very big expense, but also a very important thing, because you can borrow money. Many people will choose to borrow money to buy a house. How much money can you borrow if you borrow money to buy a house? What should we pay attention to when buying a house with a loan?
1、 How much can I borrow to buy a house
When purchasing a house, the loan amount varies from person to person. You can refer to the following factors affecting the loan amount:
1. Down payment ratio, in fact, the bank loan amount will be affected by the down payment ratio of the loan. Generally speaking, the bank loan amount will not exceed the difference between the total house price minus the down payment.
2. The borrower's repayment ability mainly refers to the monthly income. In fact, the bank believes that the monthly income can reflect a person's repayment ability. The general requirement of the bank is that the monthly income is more than twice the monthly supply of housing loans.
3. The age of the house. If you buy a second-hand house, the age of the house will also affect the loan amount and loan term. Usually, the loan term of housing is 20-25 years, relatively loose will require 30 years, and strictly 10-15 years.
4. Personal credit investigation is an important project for banks to investigate borrowers and a prerequisite for obtaining the expected amount and preferential loan interest rate. Some banks will check the borrower's credit card records within 2 years and loan records within 5 years. The time range for strict Bank review will be longer. Those who do not meet the credit investigation requirements may be reduced and seriously rejected.
2、 What should we pay attention to when buying a house loan
From the perspective of banks, the workload is usually large. When approving loans, it is customary to batch loans according to integer. Therefore, the applied amount should be integer as far as possible, which is relatively easy to pass.
As for the appropriate amount of loan, it mainly depends on the financial situation of the family. We know that 50% of the monthly income is the warning line of loan requirements. Exceeding this limit is due to excessive debt, and then make financial planning.
For example, if there are old people and children at home and pay more attention to the quality of life, it is necessary to divide the income into fixed living expenses, medical education expenses, consumption and entertainment funds, investment and financial management funds and emergency funds, respectively respond to different needs, develop good consumption habits, ensure financial growth while consuming, good financial management and consumption habits, even if there is a mortgage burden, Can also live more calmly.