If you want to buy a house, you should borrow more money from the bank

When Xiao Y was planning to buy a house, an old editor advised him to be more selective. When developers are tight on money, they might get discounts.

An older editor retorted: Diaosi mentality! The developer will only lower the price when it runs out of money. By the time that day comes, the value of your money will also have depreciated!

The two editors couldn’t argue, and Xiao Y was undecided.

As the hardcore editor passed by, he dropped a sentence: We are all "short of money", and we have to get a loan from the bank quickly. The more the better, otherwise you will bear the risk yourself!

Looking at the backs of hard-core editors hiding their achievements and fame, everyone fell into deep thought: borrow more money from the bank? What a cruel proposal. But if you think about it carefully, it makes some sense.

Young people like Xiao Y are indeed in an embarrassing situation. Don't buy a house. With so many new people in cities every year and the urbanization process of 400 million rural people, the possibility of a sharp drop in housing prices is minimal. Even if it falls to cabbage prices, China is short of housing but not short of people. Who can you grab?

Buy a house. Your savings are limited and you will definitely have to "gnaw at your old age". The most reasonable way is to rely on your parents to finance the down payment and work hard to pay off the mortgage. In this way, the pressure on parents is reduced, and the hard work on my own is considered a mercy.

However, Xiao Y is still worried: If he borrows too much, will Yali be unhappy?

This question must have been asked by the first batch of housing slaves in China ten years ago. At that time, many people ridiculed the fact that house slaves worked for banks, but now the monthly payment of several hundred yuan seems like a joke. In the past two years, China has been talking about "monetary liquidity". To put it bluntly, it is the "second money printing machine in the world." Maybe within a few years, thousand-dollar bills will appear.

Speaking of this old editor, there is a history of blood and tears: I recall how when I bought a house, I used pickles for steamed buns and cloth heads for belts. Men can be cruel to themselves as long as they act within their capabilities and are optimistic about their own development prospects.

Little Y gradually became enlightened: How can we get more loans from the bank? How to repay the loan?

Banks have a lot of knowledge about lending, and they have to pay a fixed amount every year. At the beginning of the year, the quota is sufficient, lending is easy, and the discounts are sufficient; at the end of the year and the end of the year are settlement periods, the quota is tight, and no one can lend out when it is used up.

How much you can borrow depends on the house value appraisal, and there are many tricks with second-hand houses. If you want to borrow more, apply for a higher appraisal price. If the house is too old, it is better to buy a new house farther away, and the loan amount is calculated based on the selling price.

When repaying a loan, you must do what you can. Don't just focus on the interest calculations, measure your family's income level and prospects, and just pick a middle value...

Old editors are full of ideas, many of which are based on practical experience. lesson. We have compiled it into this issue of "House Buying Guide", hoping to help netizens like Xiao Y who are preparing to buy a house.

(The above answer was published on 2013-09-13, please refer to the actual relevant current home purchase policies)

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