Today's headlines: Can you continue to borrow if you repay in advance?

To pay off the mortgage, Wang Peng mainly thanked his parents for their financial assistance. After all, they paid the down payment for the house. Wang Peng has been communicating with his parents recently. Considering the uncertainty of the epidemic, he thinks that paying off the mortgage in advance may be a better investment.

In fact, there are not a few young people in Peng Like who repay their mortgages in advance.

The discussion on whether to repay the mortgage in advance has recently become a hot topic on major social platforms. After careful consideration, Wang Peng still insists on repaying the mortgage in advance, and the reason is not so complicated: considering the current economic environment and low income expectation, repaying the mortgage in advance can reduce the monthly repayment pressure; Secondly, some buyers have higher interest rates when buying houses, and the recent reduction in mortgage interest rates has prompted them to repay their mortgages as soon as possible. In addition, the scarcity of quality investment targets has also become an important reason for buyers to repay idle funds in advance.

The April financial data released by the central bank on May 13 showed that housing loans decreased by 60.5 billion yuan, a year-on-year decrease of 402.2 billion yuan. The financial data released by the central bank in February showed that household loans decreased by 336.9 billion yuan, of which personal housing mortgage loans accounted for 45.9 billion yuan of medium and long-term loans. The demand for personal housing-related credit is weakening.

Post-1995: Saving money to repay the mortgage is "really fragrant"

As a post-1995 generation, Wang Peng doesn't mind that the outside world thinks that they "gnaw" their parents, nor does it reject the label of "Buddhism" and "lying flat". In fact, the "post-95" and "post-00" around Wang Peng really enjoyed more care from their parents materially.

This house under Wang Peng's name has always been his parents' concern. Shortly after he went to college, his parents began to plan to look at the house and make reservations in his hometown of Wuhu. The down payment is basically made by his parents. In the summer of 20 18, Wang Peng's parents took a fancy to a commercial house near the municipal government, which also meant that Wang Peng took on the mortgage before graduation.

Around Wang Peng, there are many peers like him. After all, for most families in China, buying a house a few years ago was a good investment. In addition, the monthly fixed repayment plan also allows young people who have just entered the society to use funds reasonably and avoid extravagance and waste.

Wang Peng has worked in Shanghai for two years, and now her monthly salary is 9000 yuan. Excluding the mortgage part, the surplus salary covers the rent and daily living expenses, with a slight surplus.

Last year, Wang Peng put all the money he saved every month into his bank account. There were 30,000 to 40,000 at the end of the year. At that time, he was considering buying a fund or buying bank financing, but the fund income was not good, and bank financing did not protect the principal and interest. It happened that a classmate said that he couldn't stand such a high interest rate because the loan interest rate was nearly 6% when he bought a house. Recently, the mortgage was repaid in advance, and the result was more suitable than other investments. Wang Peng also wants to try.

In the past, Wang Peng has been told that if you have money, you should never pay your mortgage. You should consider inflation and save money for money. However, after paying off the 50,000 yuan mortgage in advance at the end of 20021,Wang Peng realized that it was "sweet" to save money to pay off the mortgage in advance.

According to Wang Peng, the commercial house he bought is a pure commercial loan, with a loan amount of 600,000 yuan, an interest rate of 5%, equal principal and interest, and a monthly repayment of 3,200 yuan with a repayment period of 30 years. If the repayment period remains unchanged, pay off the mortgage 50,000 yuan in advance, directly saving interest 40,000 yuan, and reducing the monthly repayment to 2,900 yuan.

According to the original plan, Wang Peng wanted to save money step by step and pay off the mortgage in advance. Therefore, a recent news prompted him to discuss with his parents immediately and pay off all the remaining mortgages directly in advance.

On May 15, the central bank issued the Notice on Issues Related to Adjusting Differentiated Housing Credit Policies, clarifying that the lower limit of the interest rate of the first set of commercial personal housing loans should be adjusted to not less than the quoted interest rate of the loan market minus 20 basis points. According to a report released by cente, a think tank

Wang Peng won the support of his parents after calculating an economic account. "My parents have transferred the rest of the mortgage money to me. The next step is to start communication and pay off the mortgage. Since the policy of' housing and not speculating' has been set, there is limited room for appreciation of non-first-line houses, otherwise the money saved will be used to buy new houses. " Wang Peng said.

Wang Peng hasn't finally decided whether to stay in Shanghai for further development or go back to Wuhu to build his hometown. At present, the most important thing is to make money and give back to your parents.

Shanghai Wanderer: Buying a house is the biggest investment, and I am not afraid of losing the opportunity cost.

Or buy a car and pay off part of the mortgage in advance? During the two months when Shanghai was blocked, JD.COM and his wife began to think about it.

JD.COM, a graduate of Shanghai Normal University, has been working and living in Shanghai for eight years. JD.COM decided to take root in Shanghai after his classmates left the city one after another, and bought a commercial house in Songjiang, Shanghai in 2020.

Even in the suburbs, it is not easy to buy a house in Shanghai. In addition to emptying all the savings of himself and his wife, he also borrowed a lot of money from his parents.

In the second half of this year, the new house can finally move in. However, due to the distance from the subway station, the husband and wife originally planned to buy a new energy electric car with the recent year-end bonus. However, the epidemic that began in early March completely disrupted the pace of life.

"In fact, since then, there have been many discussions on this topic on major social platforms. For example, in a platform discussion group I participated in, everyone bought a house in debt. Most of the daily topics focus on how to save money to live, and there are many other derivative topics. Probably from the end of last year, many people in the group began to share the story of paying off the mortgage in advance. All in all, it is sweet to pay off the mortgage, even if you are unemployed tomorrow. " Seeing so many examples, JD.COM was naturally excited.

JD.COM calculated an account and used a portfolio loan when buying a commercial house. The commercial loan is 2.4 million yuan, and the interest rate is 4.60%. The provident fund loan is 600,000 yuan, and the interest rate is 3.25%; The total loan is 3 million, with equal principal and interest, and the monthly repayment is10.5 million, for 30 years.

If the repayment period remains the same, paying off part of the loan in advance with the 500,000 yuan saved by the usual year-end bonus can directly save the interest of 430,000 yuan, and the monthly repayment amount will be reduced from 1.5 million yuan.

65438+ less than 0.3 million yuan.

Although JD.COM's mortgage interest rate is not high compared with other property buyers' mortgage interest rates of 5% and 6%, considering the frequent outbreaks in the past two years, especially due to the closure of this epidemic in Shanghai, we can't help but panic. When all walks of life are hit, once a husband and wife lose their jobs, the pressure of life will increase dramatically.

"The overall situation of economic development is not optimistic, involution is intensifying, jobs are hard to find, and the middle-aged crisis has to be dealt with in advance. After discussing with my wife, I have made an appointment with the bank these two days to apply for repaying part of the mortgage in advance. I won't buy this car for the time being, because I heard from other residents in Fang Xin community that it is more convenient to go to the subway station by bus in the surrounding bicycle sharing area. I can wait until I have children. " JD.COM said.

For JD.COM's plan to repay the mortgage in advance, a friend advised him to reconsider. Paying off the mortgage in advance also means that if there is a more valuable investment point in the future, he can only helplessly lose it.

In this regard, JD.COM also knows very well that it is also an ability to ensure that the money in the pocket will not "disappear" inexplicably after the age of 30. Seeing too many friends with spare money around them, they either failed to invest, or they were cheated and their stocks were cut off. For ordinary "Shanghai drifters", buying a house in Shanghai is the biggest investment in life. If there is no long-term stable investment that can outperform the mortgage interest rate, why not pay off the mortgage in advance?

High-quality investment targets are scarce, and the mortgage is paid off, with a deposit of 330,000.

Unlike JD.COM's goal of firmly taking root in Shanghai and working in Shanghai for six years, he finally ended his "Shanghai drift" on 20 19 and settled in Jiaxing, Zhejiang. In the eyes of the target, Jiaxing, a water town in the south of the Yangtze River, is a city that can calm people down. Compared with the fast pace of "Magic Capital", it is obviously more suitable for your chronic temper.

Xiangbiao pays more attention to the living environment. In his eyes, Jiaxing has a high green coverage rate, with green plants and parks almost everywhere. It's comfortable to walk around on weekends and holidays. Of course, another more important reason why he chose Jiaxing to settle down is that the house price here is much lower than that in Shanghai, and the pressure of life will not be so great.

On June 20 19, Xiangbiao bought a house near the central area of Jiaxing, with a total price of less than 900,000 yuan. The loan is purely commercial, with a total loan amount of 400,000 yuan, equal principal and interest, and a monthly repayment of 2 100 yuan, with a term of 30 years. This also means that if the housing loan is settled in one lump sum, it can directly save him 330 thousand interest.

It is also in the process of communicating to repay the mortgage in advance that Xiangbiao knows that each bank in each region has different policies for repaying the mortgage in advance, and some banks need to deduct liquidated damages or meet the repayment period. You need to know these policies before repaying the mortgage in advance. Fortunately, the mortgage of the house purchased from the bid meets the requirements.

Compared with the salary of the target project, the monthly mortgage of 2,000 yuan actually did not put too much pressure on it to repay the loan. Previously, Xiangbiao did not intend to pay off the mortgage in advance.

"As a result, a bank wealth management product just expired recently, and hundreds of thousands of people panicked. I don't know how to manage money. I have suffered from buying stocks before, and I don't want to be harvested in the capital market again. The number of funds purchased this year is also declining. I continue to buy bank wealth management products and worry about losing the principal. " According to the project, the interest rate of time deposits in some banks has also been lowered recently. Take the behavior of large state-owned enterprises as an example, the three-year fixed deposit is about 3. 15%, which is more cost-effective than the mortgage interest rate of 5. 1%.

Xiangbiao is engaged in foreign trade industry. In recent two years, affected by the epidemic situation, the overall operation of the company is not optimistic, which also brings great uncertainty to his expected income. "The environment is not good. If the company says to lay off employees, you may lose your job one day. In this environment, it is inevitable to bear great psychological pressure when you are in debt. It is better to save money and pay off debts in advance. " Say to the standard.

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