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2018 How long to buy a house loan? Do not let mortgages kill your life!

Time: 2018-01-05         Source: Financial 360 original         Author: Jada

Before the Spring Festival early this year, some buyers are very concerned about how long this year to buy a house loan,360 room to meltJun a (fangdai123) a loan officer friend, summed up several factors that affect the length of the mortgage for your reference.

  1, the longest bank loans limit

In general, banks require a maximum of 30 years for the term of a mortgage, but it depends more on the policy requirements of local banks because different banks and even the same bank have different years of service. For example, Beijing last year will purchase two suites of the longest loan life reduced to 25 years, long term loans, buyers have to pay more interest on the total, short duration, monthly mortgage on more.

  for example:

If the loan is 2 million, even if the benchmark interest rate is calculated, the 25-year term will be more than the monthly supply of nearly one thousand yuan per month over the 30-year period. Now the average interest rate of the first-class suites throughout the country will remain above 5%, and the total expenditure will have to pay more , So the bank's limit on the maximum age is very important.

  2, lender age

Lenders' age also affects the life of the loan. Some banks require the lender's age + the loan deadline to not exceed the statutory retirement age for individuals and their spouses. Some banks require the lender's age plus the loan term to be less than 70 years. Specifically, Look at the bank policy. The relationship between the length of the loan and the age of the lender is:Loan period = statutory retirement age - lender actual age, The younger, the longer the loan period.

  3, lenders repayment ability

Loan years are also affected by repayment ability, through the loan years to calculate the corresponding mortgage on the monthly income for the relationship with monthly income is ≤ 50% of monthly income.

  4, housing age

In addition to the maximum age, lenders age limit, the age of the house will also affect the life of the mortgage, especially the second-hand housing. A bank regulations, the length of the loan + housing age does not exceed 30 years, and some provisions of no more than 40 years, there are provisions not exceeding 50 years.

  For example, I understand more:

If the house is 2010, the age of this year is 8 years, the bank's loan life + housing age does not exceed 50 years, that is, loan life = 50-8 = 42; if the lender this year is 35 years old, The statutory retirement age is 60, according to the loan age and the relationship between the lender age formula, the loan life = 60-35 = 25, then take the maximum loan life of 25 years this period.

  A long time to buy a house loan is better or shorter?The main point of view of buyers of the starting point

 For example, people who choose to have a short loan life (within 10 years) will consider two points:

First, prefer to borrow money to buy a house managers do not want to owe bank interest

Second, born do not like the feeling of owed money, want to pay off as soon as possible

  The person who chooses the long point of the loan (25-30 years) considers three points:

First, from the financial planning point of view, in the context of rising mortgage interest rates, rather than investing money in the house, it is better to invest in other financial products, the hands can leave more liquidity for consumption, the elderly at home , Children's families spend a lot of years longer limit can reduce the monthly moon for the burden.

Second, from the perspective of hedging, in the case of a limited wage increase, the house is more advantageous as a fixed asset. This is especially evident in large cities.

Third, its own economic strength is limited, can only choose a long point of the amount of years, so have the surplus funds to pay more points to reduce the monthly burden

Loan officials said that the loan years are affected by the above factors. As we all know, the mortgage interest rates have risen in the recent year. Under the background of tighter credit policies, some banks will adjust the maximum loan life requirement according to their own business conditions.

The rise in interest rates means that the total interest to buy a house to buy more, for a short period of time for the pressure on the large,We consider the starting point is different, and sometimes not like what can be like, the most important thing is to give yourself a set limit, both with the least money to buy a satisfactory house purpose, does not affect the daily life Consumption, do not let mortgages dead of their own lives.

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