I chose a loan to buy a house. Which bank is better?

Hello, I'm glad to answer your question.

Nowadays, buying a house with a loan has become the first choice for most buyers. Of course, this is because house prices remain high, but buying a house by loan is not a simple matter, which involves mortgage interest rate, bank selection, personal credit information, interest and many other aspects.

Take how to choose a bank as an example. In fact, your statement can be modified, because you can't "follow the crowd" when choosing a bank. Different banks have different requirements for buyers. For example, if you have a bad credit record, then the four major banks will generally lend money, and some banks can. Therefore, when choosing a bank, it is not which bank you choose, but which bank can lend it to you.

Let's be specific. How to choose a bank when choosing a loan to buy a house?

I think we should make clear the differences between banks before deciding which bank to choose.

The differences between banks are mainly reflected in the down payment ratio, lending time, mortgage interest rate and so on. As we all know, buying a house with a loan has become the first choice for most people, but many people don't know how to choose a bank. I think the differences between banks are mainly reflected in the down payment ratio, loan time, mortgage interest rate and work.

The first limiting factor: the down payment ratio.

With the rise of housing prices, many banks are slowly "tightening" the down payment ratio in order to reduce risks. For example, 30% down payment was allowed before, and now it is increased to 40%. Therefore, if your purchase budget is limited, only 40% banks are allowed to choose; Of course, if you have a stable job and your monthly salary is tight on time, some banks may also relax the down payment ratio to 30%.

The second limiting factor: the time of lending.

Objectively speaking, if you don't have a credit problem, the bank will generally give you a loan, but there is a problem that needs attention, that is, how long it will take to get the loan. Data show that at present, domestic cities have begun to stop second-hand housing loans. Although this has not happened in the new house for the time being, the time for lending is also extending.

The data shows that the lending time of many banks has been extended to three months, and the longest is more than six months. More importantly, some banks don't even promise to lend money, which means that even if you submit the relevant procedures, the bank will pass the examination, but there may be delays in lending. So when you choose a bank, you'd better know in advance that the lending time of each bank is uncertain.

According to the author's understanding, China Bank, China Construction Bank, Agricultural Bank, China Everbright Bank and Industrial Bank do not promise specific lending time, but considering that each city is different, it is best to find out on the spot.

The third limiting factor: mortgage interest rate.

In this respect, there is no essential difference between most banks. Take Wuxi as an example, the interest rate of the first home loan is generally 5.90%, and the highest is 6%. The interest rate of commercial loans for second homes is generally 6. 15%, with the lowest being 6. 10% and the highest being 6.20%.

It may be said that the mortgage interest rate is not very image. For example, if the mortgage interest rate is 5.90%, you need to repay 593 1 yuan every month. If the mortgage interest rate is 6%, you need to pay back 5995 yuan every month.

According to the same calculation method, if the mortgage interest rate is 6. 10%, it will cost 6059 yuan per month, and if the mortgage interest rates are 6. 15% and 6.20%, it will cost 6092 yuan and 6 124 yuan per month. Generally speaking, the mortgage interest rate has little influence, but it should also be considered.

Which bank to choose for buying a house should be decided according to your own situation. Considering that everyone's situation is different, what suits others may not be suitable for you. For example, the above-mentioned down payment ratio, loan time, mortgage interest rate, work and other banks are different.

In addition, different banks have different requirements for property buyers. For example, some banks are not strict about credit reporting, while the four major banks attach great importance to credit reporting. From this perspective, the loan to buy a house is actually not that you choose a bank, but that the bank chooses you more.

If you have other different opinions, you can comment below!

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