Housing loans to buy second-hand save money have Miaozhao

I found that the loan to buy new houses, and the only choice for sale by the developer of the project is cooperation between the bank loan, that is, bank loans have been identified can not be changed, and used the loan is different, you can choose different banks, different Mortgage products.



How can I find the situation compatible with their own mortgage products » The industry have pointed out that the operational point include mortgage repayment and interest rates means the choice of two varieties.



Experts said that the current method of repayment of five points, matching a month for principal and interest , matching the principal , biweekly for repayment by the free exercise  bimonthly, quarterly , repayment grace period, occur in equal increments. Each of the repayment methods are based on income customers design, can be summed up in fixed income and not fixed either case.



Experts said that the fixed income and future expected better option, for them, matching the principal and interest on a fixed amount, for financial management; matching the early repayment of principal more, but can reduce interest rates and late pressure, banks can choose For fixed-income and higher-income home buyers, the choice of biweekly repayment for a more appropriate manner, because the equivalent of a year of outstanding fortnight for 13 months, for the repayment pressure on the larger, but can save time and Interest.



A market intermediary in charge of example, a sum of 500,000 yuan to 30 of mortgage loans as an example, the benchmark interest rate by 6.12 percent, for a biweekly repayment than equal monthly repayment of interest on savings 115,186 yuan , Savings ratio as high as 19.42 percent, shortening the repayment period of 64 months.



For the fixed-income home buyers, experts recommend choosing the free exercise of the repayment, occur in equal increments, this repayment grace period of three ways, for example, in less income loans early, but the expected future income, may choose to occur in equal increments of repayment .



Experts also recommended that the buyers can also choose less interest expense, the relative advantage of the obvious commercial loans provident fund loans. He cited as an example of that, Mr. Chang bought a house a total of 600,000 yuan, if the commercial loan for 20 years, the average monthly repayment 2111.4 yuan, 20 payments totalling 506,736 yuan, the total interest payments of up to 206,736 Yuan and the same is 20 years of provident fund loans, the average monthly repayment 1912.5 yuan, 20 total repayment 459,000 yuan, 159,000 yuan of total interest payments. Compared to commercial loans, the monthly payment can be less for 198.5 in January, 20 were saved interest payments nearly 47,736 yuan.