Suggestion: Commercial loans should be approved by banks, and provident fund can be calculated first.

"How much you can borrow in the end depends on your personal situation, and the final result is recognized by the bank." When I first learned about this situation from the intermediary, Ahua, who was planning to buy a house, was puzzled. What should she do if she can't get enough money?

analyse

According to Mr. Zheng, generally speaking, if it is a commercial loan, now the first suite has a down payment of 30% and the loan is 70% upper limit. The final approval depends on income, bank flow, family situation, work unit, etc. These factors ultimately determine whether the bank believes that you have the ability to repay the loan.

If it is a provident fund loan, it depends on the deposit amount of the provident fund. The maximum loan amount of the provident fund is 500,000 for one person and 800,000 for two people (at present, the maximum loan amount of Wuxi provident fund is 300,000 for one person and 500,000 for two people). The approval of the loan amount of provident fund is related to the monthly deposit amount of provident fund, age and house age.

Foundry account

Commercial loan amount: related to the applicant's bank flow and income certificate, subject to the final approval of the bank.

Provident fund loan amount: the minimum value calculated according to the multiple of the storage balance, maximum loan amount and loan ratio of the housing provident fund account is the maximum loanable amount of the borrower. (Suspension of the issuance of housing provident fund loans to the families of employees who purchase the third and above houses. )

The maximum loanable amount calculated according to the balance of the housing provident fund account

The calculation formula is: (the balance of the provident fund account is 2, and the monthly contribution of the provident fund accounts for the number of statutory retirement months) 22. The loanable amount calculated according to the maximum loan amount.

If one person applies for a housing provident fund loan, the maximum loan amount is 500,000 yuan; If two or more people buy the same house and apply for housing provident fund loans, the maximum loan amount is 800,000 yuan.

3. For the loanable amount calculated according to the loan ratio, the down payment ratio shall not be less than 20% for families (including borrowers, spouses and minor children) who purchase the first set of houses with a construction area of less than 90 square meters (including 90 square meters) or purchase affordable housing according to regulations; For families who purchase the first home and have a building area of over 90 square meters in Xing Tao, the down payment ratio shall not be less than 30%; For families who buy a second home, the down payment ratio shall not be less than 60%, and the loan interest rate shall be 1. 1 times of the benchmark interest rate of the same grade in the same period.

2. Choose provident fund loans or commercial loans?

Suggestion: provident fund loans are more cost-effective

"It is very slow to run provident fund loans. The owner wants to get the money early, so he wants you to make a commercial loan. " Xiao Song had heard that the interest rate of provident fund loans was low before, but he didn't know how low it was. Which is more cost-effective, provident fund loans or commercial loans?

analyse

Now provident fund loans have become the first choice for mortgages, because provident fund loans have low down payment. If it is the first home loan, the pure provident fund loan can still be paid down by 20%. In addition, the interest rate of provident fund loans is low. The annual interest rate of housing provident fund loans is 4.45% for less than 5 years and 4.9% for more than 5 years. Generally speaking, there is no maximum loan amount for commercial loans, and the final approval result mainly depends on the lender's situation, which is quick to handle. The benchmark annual interest rate of commercial loans for less than five years is 6.704% on average and 7.05% for more than five years. At present, some banks in Guangzhou have a 15% discount on the interest rate of the first home loan.

Foundry account

Take the purchase of the first suite and the loan of 500,000 yuan as an example. If it is a provident fund loan, the loan is 10 year, the monthly payment is 503 1.42 yuan, and the interest is 103770.4 yuan. If it is a commercial loan, the loan term is 10 year and the interest rate is 15%. The monthly payment is 5549. 14 yuan, and the interest is 165897.05 yuan.

3. Is the down payment more or the monthly payment more?

Suggestion: the rest of the money has more initiative.

In a real estate sales center, a couple born after 1980s are very entangled, and they have different views on the final payment method. In Oda's view, her husband

Generally speaking, if there is no good investment method, it is understandable to take out all the money at hand as a down payment, and the monthly payment is a little lower. However, there is no money at hand. From the perspective of interest rate, if the house transaction is 654.38+00,000, we can borrow 700,000, but the actual loan of 500,000 is enough. If deposited in the bank, the five-year fixed interest rate is 5.5%, and the interest rate of provident fund loans over five years is 4.9%. In other words, if you put the extra money in the bank regularly and use the provident fund loan, you can get an annual interest rate of 0.6%. The interest rate of commercial loans over five years is 7.05%. Of course, the time deposit interest rate is not enough to cover the cost of commercial loans, but if there are other investment returns, it can still be considered. Moreover, interest rates are also changing, and with inflation and other factors, the surplus funds in hand can also play a greater role in the short term.

Foundry account

If the total house price is 1 10,000, and the down payment is 30%, you have 500,000 yuan and the loan is for 20 years. Take the provident fund loan as an example:

If the down payment is 50%, the monthly payment is 3,272.22 yuan, and the interest is 285,332.86 yuan.

If the down payment is 30%, the monthly payment is 458 1. 1 1 yuan, and the interest is 399,466 yuan. If the remaining 200,000 yuan is deposited in the bank, assuming the interest rate remains unchanged, if the interest every five years is included in the five-year time deposit, the total interest after 20 years will be 328,536,5438 yuan +0.33 yuan.

Then, the final income generated by underpayment of 20% = the income generated by bank deposit of 200,000 yuan-the interest generated by down payment of 20% by multi-loan banks = 2 14398. 19 yuan.

4. Which repayment method is more cost-effective?

Suggestion: What suits you is the best.

"Is it better to repay the equal principal or the equal principal and interest?" Some time ago, Fu Xiao bought a second-hand house with a loan from Binjiang East, with a total price of 800,000 yuan. Xiao Jun finally chose the average capital repayment method. "This repayment method has the highest repayment amount in the first month and will gradually decrease in the future. In this way, the pressure will become smaller and smaller. " However, some friends say that this is the traditional way of thinking of "bitter before sweet", which is completely out of line with the modern environment.

analyse

Average capital repayment method. This method pays the highest amount in the first month and every month thereafter.

Decrease, so this method is often called "decreasing method". In fact, the principal is the same every month, but the interest is different, from high to low. Equal principal and interest repayment method. This repayment method is to divide the loan principal and interest into several equal parts according to the loan term, and the monthly repayment amount is the same, so this method is often called "matching method". The repayment method of average capital seems to have less interest, but it is because of borrowing money that more interest is generated, which is somewhat similar to the down payment above. If there is a better investment channel, you may wish to use the equal principal and interest repayment method. If you have repayment ability and no other investment channels, average capital repayment method is more suitable.

Foundry account

Take the commercial loan of 6,543,800 yuan as an example. The loan term is 30 years, based on the interest rate. Then, if it is the repayment method in average capital, the maximum monthly payment is 8652.78 yuan in the first month, and at least 2794. 1 yuan in the 360th month, and the interest paid is 1060437.5 yuan.

Then, if the repayment methods of principal and interest are equal, the monthly repayment is 6686.64 yuan, and the interest paid is 1407 189.89 yuan.

5. Is the loan time long or short?

Suggestion: Of course, the longer the better.

"How sad it is to think that I have to pay my mortgage for the next 30 years!" Therefore, Xiao Song thought that if the loan is 20 years, if the monthly pressure is not too great, it is better to be a "house slave" for only 20 years. However, a friend who works in a bank told him that although the interest rate will be higher after 30 years of loan, the value of the same amount of money will continue to shrink considering inflation and other factors. Therefore, the longer you choose a loan, the better.

analyse

Because of inflation, in fact, borrowing money from the bank, the principal remains the same, but the interest is changing. The same is 700 thousand, and the ability to pay is different every year. It's like owing a bank a loan of 50 thousand 20 years ago. A mortgage of several hundred dollars a month feels a lot of pressure, but now it may just be a meal. So the longer the repayment period, the better.

However, some people think that if there is no good investment channel, in the case of high mortgage interest rate, the loan time is too long and the interest paid is also high. It's best to borrow for a short time and grit your teeth at ordinary times. It is worth mentioning that in the first few years of repayment, interest was mainly paid. If there is a plan to repay the loan in advance, it is more cost-effective to choose average capital repayment method, which can save more interest.

Foundry account

Take a commercial loan of 6,543,800 yuan as an example, with a monthly payment of 7,783.03 yuan and interest payment of 867.927 29 yuan for 20 years.

The loan is 30 years, with a monthly payment of 6686.64 yuan and interest payment of 1407 189.89 yuan.

Related Questions and Answers: Related Questions and Answers: How to borrow money to buy a house is more cost-effective? From the perspective of loan interest rate, provident fund loan >; Portfolio loan > pure commercial loan

Provident fund loan:

For the loan with the lowest interest rate, the interest rate is only 3.25% for more than five years, and only 3.575% for the second set after floating 10%. The interest rate is very low, and loans can be made for 25-30 years, and there is no excessive demand on the income of the lender. It is the most favorable loan method. However, there are also some shortcomings. The loan amount is relatively small, which is really not enough for the current millions of real estate.

Portfolio loan:

Portfolio loan combines the advantages of provident fund loans and commercial loans, which can not only enjoy the ultra-low interest rate of provident fund loans, but also enjoy the high amount of commercial loans. It is a very cost-effective loan method. However, due to the merger of the two loans, it is necessary to go through the formalities separately, and the loan approval time will be slightly longer. For those owners who are in a hurry to use money, the other party may not agree to use this loan method.

Commercial loans:

At present, the benchmark interest rate of commercial loans is 4.9%. Generally, the first loan will float 10%- 15%, and the second loan will float 15%-30%. Recently, some cities lowered the interest rate of the first set of loans, which is good news for people who want to buy a house. Although the interest rate is higher than the provident fund loan, it is still the best loan in the market. Apart from housing loans, you may never apply for such a high amount of low-interest loans again.

Let's talk about the repayment method first:

Matching principal and interest repayment:

The monthly repayment amount is the same, which is suitable for users with low previous income and no prepayment plan. The total repayment amount is relatively large.

Equal principal repayment:

The monthly repayment amount is gradually reduced, which is suitable for people with strong repayment ability in the early stage. The total repayment amount is less than the equal principal and interest.

For example:

The same loan is 6,543,800 yuan, which will be paid off in 25 years. The benchmark interest rate is 4.9%, and the matching principal and interest will be repaid at 5,788 yuan per month, with the total interest of 736,336 yuan and the total principal and interest of 654.38+0,736,336 yuan. The equal principal repayment is 74 17 yuan per installment, with a decrease of 14 yuan, and the total interest is 6 14542 yuan, and the total repayment amount is16/4542 yuan, which is less than the equal principal and interest by 1265438 yuan.

In addition to loans, you have to prepare a down payment to buy a house. The down payment varies from city to city, generally between 30% and 40%. Others include taxes, agency fees, etc. You should prepare the money in advance. Click on the avatar to pay attention, and the house purchase transaction will not get lost.