What should I do if I have a down payment for a house, but the mortgage is a bit stressful?

Then you can only tighten your belt to repay the loan, who told you not to choose Yiju Youjia to buy a house, you can spend every month, and you can repay the monthly payment, no pressure.

After buying a house, you can reasonably arrange your consumption behavior and reduce pressure, which can be started from these aspects.

1. Change the repayment method

Most banks have two main ways to repay personal housing loans: equal principal and interest and equal principal. The main difference between the two is that the former has the same repayment amount per installment, that is, the total monthly principal plus interest is the same, and the customer's repayment pressure is balanced, but the interest burden is relatively large.

The latter is also known as the "decreasing repayment method", the monthly principal is the same, the interest is different, and the pressure of repayment in the early stage is high, but the repayment amount in the future is gradually decreasing, and the total interest burden is less. It is worth mentioning that the equal principal repayment method is not suitable for all home buyers, because its monthly payment is an inverted pyramid structure, which means that the early repayment amount is higher, which is not suitable for families with high loan pressure.

2. Make a financial plan

For salaried people with a fixed monthly income, investing in some wealth management products with low risk and high returns relative to deposit interest can also reduce the pressure on housing loans. Such as RMB wealth management products, money market**, etc., the principal of investing in these wealth management products is safer, although the yield given is the expected rate of return, there is no absolute guarantee, but in fact, the yield fluctuation range is not large, higher than the interest on bank deposits.

3. Rental transfer pressure

Buying a home is enjoyable, but if it reduces your quality of life, wastes space and hinders your career development, you may want to rent out your home. If the funds for the owner-occupied house are significantly higher than the rent of the ordinary house, you can consider renting out the house and temporarily sacrifice it for more space for future life.

4. The balance of the provident fund account is large

In many cities, the provident fund is dedicated and cannot be withdrawn, if a large amount of funds have been accumulated in the provident fund account, and the account can only enjoy almost negligible demand deposit interest, it is better to repay the loan in advance.

Notes:

1. If you can't pay the mortgage, don't think crookedly, such as borrowing usury, often some people think that there is no money but they can replace it next month, so they go to borrow usury to repay, you must know that usury is a bottomless pit, which will always devour the house and property.

People's Daily Online-Five Tricks for Reasonable Stress Reduction "House Slave" turns over and becomes a "homeowner".

People's Daily Online-Is it really cost-effective to buy a house and pay off the mortgage early?

Hello, I'm glad to answer your question The answer is as follows, according to your description, you are in an anxious situation, it is recommended that you adjust your mentality, buying a house, work are important things in life, work hard, and work hard to make yourself better and better. Your situation is a psychological problem, because the loan to buy a house has brought a lot of pressure to yourself, resulting in insomnia, anxiety and a series of mental problems. Recommendations:

Relax your mind, now that you have already bought it, then enjoy the feeling of living in peace, think about nothing is useless, work hard, pay off the loan as soon as possible, and make your quality of life higher! You can go to offline psychological counseling to relieve your bad emotions in time and relieve your symptoms.

If you can't afford it, just sell it, it's better than having the bank sue you and auction it. Find someone who can help you pay off the loan, pay off the loan first, release the mortgage and sell it to him.

Not to mention earlier, if you had chosen to buy a house through E-House, there would not have been so much pressure.

After buying a house, you can fix your expenses, find some side hustles, learn financial management, etc., which are as follows

1. Do a good job of fixed expenditure, flexible spending and mandatory savings every month. Once the monthly income arrives, it must be separated immediately, and the fixed expenses include the mortgage and other monthly fixed expenses.

2. If the pressure is really high, then you can find a way to relieve the pressure, such as exercising, such as talking. These are things that need to be adjusted by yourself, your family can only give you the most sincere companionship, you need to relieve your own pressure, and treat your family with a relaxed face.

3. Find some side hustles, and if you have a side hustle, you can choose a job related to the technology you are good at, such as doing project bidding documents.

Ah, drawing design, etc., you can even go to a stall, 4, learn to manage money, you can do ** regular investment.

and other financial management. Mandatory savings deposits and the like must have a reasonable way of financial management, if you can play the ** type of financial management and the like, you can also do it, remember not to be greedy and arrogant.

Notes:

1. Don't reduce the quality of life because of the mortgage. Mortgages are just a part of life, and you can't wake up in the morning and think about how much mortgage you have to pay this month.

2. For a house bought with a loan, the monthly repayment should not exceed 40% of the monthly income.

Now it is very important to buy a house for just need, but the down payment of a house is basically not cheap, but people who buy a house will be more or less under pressure, and the money they have saved for a long time is used to pay the down payment.

The down payment is stressful, and there is no need to worry about buying a house. If you lose the down payment and are stressed, it means that the lender's current financial situation cannot meet the requirements of buying a home. Even if the down payment is sufficient, it will face relatively large debt pressure in the later stage, and it is easy to have a trillion debt crisis.

Once the mortgage is overdue and there is damage to personal credit, the lending bank will calculate penalty interest. If the number of overdue times is excessive, the bank has the right to terminate the mortgage contract early, require the customer to repay the loan early, and even dispose of the collateral.

Only the money for the down payment is not suitable for buying a house, because the cost of buying a house is not only the down payment, but also many other expenses, if there is no fixed job, or the income is unstable, it is impossible to apply for a loan to buy a house, because the income is unstable and the bank loan cannot be repaid on time, so it is recommended to apply for a mortgage to buy a house after the income is stable.

The bank will check the down payment for the loan to buy the house, and the bank will generally check through the bank statement and credit information. If the user makes a down payment through online loans, credit cards, etc., the bank can easily find out**. The user uses online loans, credit card cashing and other methods to make a down payment, and once the bank detects the misappropriation of consumer loan funds and the illegal use of credit cards, then the user's housing loan application will be rejected.

As long as there is no problem with the user's down payment**, then there is no need to pay too much attention to this problem.

First-hand house: Provide your personal information, real estate information, and apply for a mortgage loan from the bank as a guarantee by the developer. The down payment is 2% or 3 or more of the transaction**. The mortgage of a first-hand house is relatively simple.

Second-hand housing: You must find a guarantee company approved by the bank to guarantee you, and you must also provide your personal information and the personal information and property information of the original property owner. When the mortgage contract is signed, the bank will evaluate the house and make a loan according to 2% or 3 or higher of the appraisal**.

The transfer can only be made after the approval is passed, and the money can be transferred to the seller's account within 3 working days after the transfer.

How to pay the down payment for buying a house When signing the contract, the precautions for buying a house and paying a down payment are as follows:

First, it is necessary to review whether the developer has a pre-sale license for commercial housing.

Second, we must use the standard housing sales contract text printed by the real estate management department, and fill in the clauses listed in the text one by one, and must not be sloppy.

3. Be sure to pay attention to whether the rights and obligations in the content filled in by both parties in the contract terms are equal.

Fourth, the area confirmation and area difference treatment.

Fifth, we must pay attention to whether the payment method for housing sales is standardized.

Sixth, be sure to check whether the delivery date is determined.

7. When signing the house sale contract, it is best to ask a lawyer or expert to review the contract text for you from a legal point of view to reduce some unnecessary losses.

Legal Provisions]:

Interim Regulations on the Registration of Immovable Property:

Article 14 An application for registration of immovable property for sale, creation of mortgage rights, etc., shall be jointly applied by both parties.

In any of the following circumstances, the parties may apply unilaterally:

1) The immovable property that has not yet been registered is applied for registration for the first time;

2) Inheritance or acceptance of bequests to acquire immovable property rights;

3) The establishment, modification, transfer, or extinction of immovable property rights in effective legal documents of the people's courts or arbitration commissions, or effective decisions of the people's courts;

4) The name or title of the right holder or the natural situation changes, and the application for modification of registration is made;

5) The immovable property is lost or the right holder gives up the rights of the immovable property and applies for cancellation of registration;

6) Applying for correction of registration or objection to registration;

7) Other circumstances where laws or administrative regulations provide that a unilateral application may be made by the parties.

Law of the People's Republic of China on the Management of Urban Real Estate

Article 41 A written transfer contract shall be signed for the transfer of real estate, and the method of obtaining land use rights shall be specified in the contract.

There are two main reasons why the mortgage cannot be approved: one is that the house purchased by the buyer does not meet the loan requirements, and the other is that the buyer's own qualifications and conditions do not meet the loan requirements.

Specifically, according to the relevant regulations, houses without real estate certificates, land certificates (such as small property rights houses), affordable houses under five years, and houses that are too old cannot apply for loans. From the perspective of the buyer's qualifications, the lack of qualifications for buying a house, poor personal credit qualifications, incomplete or untrue loan materials, mismatch between personal income and monthly payment, and the age of the mortgage lender may also lead to the "rejection" of the mortgage by the bank.

So, what should you do if you can't get the mortgage approved after paying the down payment?

From a real-life perspective, whether the down payment can be refunded or not depends on which party is responsible. If the responsible party lies with the developer, the down payment can be refunded in full; However, the responsible party is the buyer itself, and the down payment cannot be fully refunded, and some funds will generally be lost, and in serious cases, all will be lost.

For example, if the property is not in compliance and cannot apply for a loan, then the buyer is not responsible and can negotiate with the developer or owner to request a refund of the down payment and deposit;

If the loan cannot be approved due to a sudden change in policy, both parties are not responsible, and the buyer can also negotiate with the developer or owner to request the return of the down payment and deposit;

However, if the buyer's qualification eventually leads to the bank's refusal to lend, the buyer usually needs to bear the corresponding liability for breach of contract, and the developer usually reviews the buyer's qualification in advance, so such a situation is rare.

The user can communicate with the clerk of the corresponding bank to understand the reason why the mortgage cannot be paid. If the user does not come because of his own credit, flow, debt, etc., he can increase the amount of the down payment, reduce the amount of the loan application, and then apply for a loan from the bank after preparing all the materials. At the same time, users can also try to change banks to continue applying for loans.

Housing loan, also known as housing mortgage, is an application form for housing mortgage loan that the buyer fills in to the lending bank, and provides legal documents such as ID card, income certificate, house sales contract, guarantee, etc. The bank transfers the loaned funds directly to the selling unit's account with the bank within the period specified in the contract. The maximum loan term of the loan is not more than 30 years, and the second-hand housing provident fund loan is not more than 15 years. The loan amount is 70% of the appraised value of the house.

The loan interest rate shall be implemented in accordance with the loan interest rate of the same grade for the same period stipulated by the People's Bank of China.