Which is more economical, down payment or loan?

1. Give all the money to yourself, usually divided into several times;

2. Give yourself a down payment (about 30%), and other banks (about 70%) will help you. You will pay it back to the bank monthly in five/thirty years. This is called "loan to buy a house" or "mortgage/mortgage";

3. Down payment is mandatory.

There are two ways to repay, one is to pay the same amount of money every month, and the other is to pay less and less (total monthly payment). In short, if there is no clear plan to repay the bank in advance within two or three years, choose to decrease (average capital) to save some interest.

Verb (abbreviation for verb) loan process:

1. real estate assessment: The appraisal company came to assess the house value for the bank's reference;

2. Apply for a loan: hand in the house sales contract, the first receipt, the identity certificate of the applicant and spouse, income certificate, bank entry and exit flow (copy of passbook/credit card), mortgage passbook, etc. ;

[Generally, it is required that there is no bad record (bank arrears/multiple overdue credit card repayments, etc.). ), the monthly income is two to three times larger than the monthly payment, and there is a certain amount of running water. It is best to have other assets (deposits/houses, etc.). )]

3. The bank recognizes the Loan Agreement, signs a mortgage contract (generally signed in advance), and signs a guarantee for the loan.

4. The buyer and the seller go to the Housing Authority to submit documents, pay taxes and transfer ownership (two or three weeks), and the tax bill should be handed over to the bank.

5. If the loan is made in advance, the bank will give the money directly to the seller a few days after the transfer;

If you don't do it, dozens of jobs will come down, new real estate licenses, bank loans and certificates.

..... It is best to ask the local bank/mortgage company/real estate agent for details. The monthly income is about 4000 yuan, and the monthly payment is about 2000 yuan. The calculation of monthly payment depends on how much you borrowed, how many years you paid it back, and how much the interest rate was implemented. You can see Baidu's "monthly payment of 10,000 yuan".

..... Whether it is better to buy a house with a loan or cash depends on your capital arrangement. If you are short of money/have investment, you can borrow money. Mortgage is the lowest interest rate among all kinds of loans, so you don't lend for nothing. Oh, of course I don't borrow money if I'm idle. After all, there are tens of thousands of interest.