Having mastered the housing loan technique can save you ten years of hard work

On the Internet, I often see the house slaves posting so bitter that since I bought a house, my mortgage has been overwhelmed, and I want to get up in the morning and owe my bank 100 yuan, not only does the house slaves greatly reduce their living standards in material terms, but also causes their mental distress and their mental health to be greatly affected.

It can be seen that housing loans are currently the biggest expense of most home buyers, and many netizens are housing slaves. Every move in the housing loan policy affects everyone's nerves. Although housing loans suffer, but how to handle the mortgage is very exquisite, master the mortgage technology, often can make thousands of yuan, let you struggle for less than 10 years. The following describes different loan repayment methods for your reference and learning. (Some references are provided in time)

Select a suitable mortgage repayment method

1. The staged repayment method is suitable for young people. As young people and college students have just joined the work and have insufficient funds at hand, this repayment method allows customers to have a grace period of 3-5 years. The amount of monthly repayment starts to be several hundred yuan. After five years, as the income increases and the economic foundation is consolidated, the repayment will also increase into the normal repayment method.

2. The same amount of principal repayment method is suitable for high-income groups. The borrower can gradually reduce the burden as the year of repayment increases. This repayment method is to allocate the principal to each month, and pay the interest between the previous repayment date and the current repayment date. Under the same conditions, the total interest paid by this repayment method is less than the same amount of interest, and the repayment burden will gradually decrease over time, but because the interest is decreasing, in the first few years, the monthly payment amount is higher than the same amount and interest, and the pressure is high. Therefore, this payment method is suitable for people with high incomes and low repayment pressure.

3. The same amount and interest repayment method is suitable for stable income groups. The same amount of principal and interest refers to the sum of the total amount of the mortgage loan and the total amount of interest, and then evenly spread to each month of the repayment period. As the payer, the fixed amount is returned to the bank every month, but the proportion of the principal in the monthly repayment amount increases by month and the proportion of interest decreases by month. It can be seen that families with stable incomes and economic conditions cannot invest too much in the early stage can choose this method.

4. The one-time pay-as-you-go method is applicable to business activities. One-time repayment of this interest refers to the repayment method of one-time repayment of all loan interest and the principal fund on the loan expiration date. Small enterprises or individual operators can reduce the repayment pressure.

5. Mortgage transfer. A mortgage transfer refers to a loan bank that helps customers find a guarantee company, clear the money of the original loan bank, and then apply for a loan in the new loan bank. If your current bank cannot offer you a discount on the mortgage rate, you can find the most affordable bank. Due to fierce competition, some banks are quite willing to serve you.

6. monthly interest adjustment. Under the current interest rate cut trend, if the public used to choose a fixed rate for housing loans, it would be worthwhile to change to a floating rate. However, a certain amount of liquidated damages must be paid for "fixed" to "floating.

7. Two-week interest saving. The two-week period has shortened the repayment cycle, which is more frequent than the original monthly repayment. The result is that the loan principal is reduced faster, which means the loan interest returned during the entire repayment period, it will be much less than the loan interest returned on a monthly basis, and the reduction of the principal will speed up. Therefore, the repayment cycle is shortened and the borrower's total expenditure is also saved. For people with stable work and income, it is appropriate to choose a two-week supply.

8. prepayment and shortening of the term. You have to settle accounts before repaying loans in advance, because not all loans in advance can save money. For example, if the repayment period is more than half and the monthly repayment amount is greater than interest, the prepayment is of little significance. In addition, after partial prepayment, the remaining loan users should choose to shorten the loan term, rather than reduce the monthly repayment amount. Because the bank collects interest mainly based on the loan amount that occupies the bank's time cost, shortening the loan term can effectively reduce the interest expenditure. If the loan term is shortened and can be classified into a lower interest rate, the effect of interest saving is more obvious. In addition, short-term loan interest rates often fall more sharply during interest rate cutting.

9. provident fund transfer and loan repayment. When applying for a portfolio loan for purchasing a house, on the one hand, we should try our best to use a provident fund loan and extend the loan life as much as possible. While enjoying the benefits of low interest rates, we should minimize the amount of the monthly Provident Fund repayment; minimize the length of commercial loans and increase the amount of commercial loans paid per month to the maximum extent possible for the household economy. In this way, the monthly repayment amount structure will show the status of a small share of the Provident Fund and a large share of the business. After the provident fund account is paid for the monthly amount of the Provident Fund, the balance can be credited to commercial loans, which saves a considerable amount of interest.

Therefore, for mortgage owners, selecting the appropriate method of repayment can save a lot of money. In addition, choosing the right bank can also make you quite affordable.