When applying for mortgage underwriting, there are two repayment options: "average principal and interest amortization" and "average principal amortization." The average monthly repayment amount of principal and interest is fixed, and the total interest payment is higher; the average monthly principal payment is fixed, and the interest decreases month by month, the total interest payment is small, but the initial monthly payment is higher. Choosing the right one can help reduce your total interest expense.
When applying for a mortgage, you need to understand the concepts of "grace period" and "extended repayment period." During the grace period, you only need to repay the interest, and after the end, you will also repay the principal and interest. For example, for a 10 million yuan loan, the monthly interest during the grace period is about 15,000 yuan, and the repayment amount after the end is about 42,000 yuan. Extending the repayment period to 40 years will shorten the principal repayment period. Home buyers should evaluate their repayment ability to avoid being deceived by low interest rates, consider additional taxes and decoration costs, and make a rational decision on whether to purchase a home.
The Ministry of Interior and Land Management Bureau announced that the application period for housing subsidies in 2024 is from August 1 to August 30. Subsidies include interest subsidies on home loans for self-purchase and renovation, and can be matched with new Qing'an loans. Applicants must meet four conditions: annual household income, average monthly income per person, and household movable and real estate limits. Violations include owning a second home, a spouse owning a house, and inheriting a house. Violators will have to pay back the subsidy. Please note the preferential interest rates and conditions, and the subsidy period can be up to 20 years.
Driven by the New Qing'an Loan Plan, the direct housing market prices soared, and many banks approached the lending warning line of 28%, resulting in stricter lending. This is because Article 72-2 of the Banking Law limits the loan limit to no more than 30% of the total amount of deposits and financial bonds. Now buyers are responsible for higher interest rates and down payments. It is recommended to negotiate with the builder in advance to delay payment or change banks to avoid loan failure.
Sometimes when life is not going well and you want to be alone; or when you have a quarrel with your significant other and want to find a place to relax, you can also find a sister to come over and have a drink together, as if you are in another home. At ease; leisurely.
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I have never wanted to please everyone, but since you want me to speak up for everyone, please call me "1450"!
Recently, I often see people asking questions in the ambiguity area: "I bought a Toten Pure for my own use, and I really live in it. Can I open a shop and do business on that floor?" The result is of course, "No!!!"
Nowadays, with the development of Internet information and the popularization of investment concepts, there should be only a few super domineering people who can pay the full amount at once when buying a house, just to save the extremely low interest of only 2%!
Inflation is an era when everything is rising, except for damn wages, which are not rising at all, and then the abysmal housing prices are simply breaking through the ceiling. It is normal for parents to help their children by paying the down payment when purchasing a house, and it is also a good way.
Everyone has said that after the five-year grace period is over, if you don't find the next buyer and it really hasn't been sold yet, you can just change the loan to another bank, so that you can continue to pay only interest forever like Taiwan's perpetual motion machine.
