How many years is the loan still short?

Long-term mortgage loan is suitable, generally 30 years.

The term of mortgage loan shall be determined according to the actual situation of the lender. The longer the term of mortgage loan, the smaller the repayment pressure, but it should be noted that the relative mortgage interest will increase with the extension of loan time. In addition, due to the long-term existence of inflation, the longer the loan term, the more the debt actually depreciates. In this case, the longer the loan term, the more cost-effective.

Finally, the current mortgage interest rate is not high, so the loan cost is not high. If we borrow money from the bank to buy a house, our own money can be used to make some high-yield investments, which is actually equivalent to helping us make money with the bank's money. Therefore, under normal circumstances, the longest loan period is more cost-effective.

Matters needing attention

1. Find out if you are suitable for prepayment. If there are other better investments, there is no need to repay in advance, because after all, the interest rate of housing loans is not high and the loan period is relatively long. If you borrow money when you need it again after returning it, you may not have such good conditions and opportunities.

2. If you want to repay the loan in advance, you should choose the repayment method in the average capital. The repayment method in "Average Capital" is that the principal of each loan is fixed, but because it takes up more funds, the interest at the beginning is larger and the interest paid later is smaller. The advantage is that the total interest is low, and the disadvantage is that the repayment pressure in the early stage of the loan is great.