Many people who buy a house for the first time may not know much about the way of loan and repayment. In fact, at present, the loan methods mainly include commercial loan, provident fund loan and portfolio loan, while the repayment methods include equal principal and equal principal and interest. To choose which one, you need to understand the characteristics of each method first.
1、 Choice of three loan methods
1. Commercial loan
Personal housing commercial loans are self operated loans issued by banks with their credit funds. Specifically, it refers to the housing commercial loan applied to the bank by a natural person with full civil capacity when purchasing urban self occupied housing in this city with the property right housing purchased by him (or other guarantee methods recognized by the bank) as the guarantee for repayment of the loan.
2. Provident fund loan
Provident fund loans are issued by local provident fund management centers using housing provident fund and entrusted to banks. Generally speaking, one of the characteristics of provident fund loans is that the loan interest rate is low. Therefore, for house buyers, trying to use reserve loans has become the best choice to reduce the cost of house purchase.
However, it should be noted that the amount of provident fund loans is limited. The loan amount of provident fund is limited by the deposit years and balance of individual provident fund, which is only used by ordinary houses. The policy also stipulates the maximum loan amount of provident fund, and the policies of each city are different.
3. Portfolio loan
That is, apply for provident fund and commercial loans in combination. Generally speaking, the characteristics of portfolio loans are:
The interest rate is moderate, that is, the commercial loan part adopts the interest of commercial loan and the provident fund loan part adopts the interest of provident fund loan, and the interest rate will not be too high. Moreover, the loan amount will also be relatively large, that is, combined with provident fund loan and commercial loan, the loan amount can also be relatively large, so the number of people used is the largest.
2、 Choice of two repayment methods
1. Equal principal and interest
Definition: add the total principal and total interest of the mortgage loan, and then apportion it evenly to each month of the repayment period. Therefore, the payer repays a fixed amount every month, but the proportion of principal in the monthly repayment increases month by month and the proportion of interest decreases month by month.
Suitable for people: due to the fixed monthly repayment amount, the expenditure of family income can be controlled in a planned way, which is also convenient for each family to determine the repayment ability according to their own income. Therefore, it is more suitable for families with normal expenditure plans, especially young people. The economic conditions do not allow too much investment in the early stage, so they can choose this way.
In addition, civil servants, teachers and other groups with relatively stable income and job opportunities are also suitable for this repayment method.
2. Equivalent principal
Definition: allocate the principal to each month and pay off the interest from the previous trading day to the current repayment date. Therefore, the payer pays more interest in the early stage, and the repayment burden decreases month by month.
Suitable for people: because the monthly repayment principal amount is fixed and the interest paid is less and less, the lender has great repayment pressure at first, but the monthly repayment number is less and less over time. Therefore, it is more suitable for lenders with strong repayment ability some time ago, such as middle-aged people with better economic strength.