The consequences of mortgage cuts.
If you can't afford to pay the mortgage, have you lost everything you paid before? If you give up the cut-off supply, will it become a laiss? What should I do when my mortgage is cut off? You see a few days ago, a buddy shared his own experience of mortgage cutoff on the Internet, and the result was a miserable one.
According to his own account, in 17 years, he bought a 140-square-meter three-bedroom apartment in the city. The total price of this house is 4.26 million, and he borrowed 2.98 million, and the monthly payment is 158800 yuan. At that time, this guy's job was not bad, and there was no pressure to pay off the mortgage. However, what is the unpredictable weather? After 4 years of his normal loan repayment, because of his personal reasons, this buddy could not afford to pay the mortgage.
He then cut off the supply for 7 months, and as a result, he was sued by the bank. After the verdict came down, the buddy found that of the more than 800,000 he had before, 640,000 of which were interest, and only 160,000. It is also the principal, which means that there is still 2.82 million in the principal owed. Moreover, due to the default of the supply cut, he also needs to bear the interest penalty interest of more than 40,000 yuan. The case acceptance fee is more than 15,000 yuan, and the preservation fee is 5,000 yuan. The lawyer's fees entrusted by the bank are about 120,000 yuan, a total of nearly 190,000 yuan. What is this called?
As soon as the mortgage is cut off, the loan that should be repaid is a lot, and after the end, you have to pay an additional 190,000, no way, in the end, this buddy can only eat dumb losses, let the bank auction the house.
Some buddies will say at this time, saying that this person is really dead-brained, and he doesn't have a family if he doesn't go to the house, he has to sell the house, right? In fact, whether you sell a house or not depends on the value of the house, and if you think about it, house prices in urban areas may fluctuate greatly in the past decade.
From 11 to the end of 12, the house price rose from more than 6,000 yuan per square meter to more than 9,000, and then fell back to more than six or seven thousand. In 13 to 14 years, house prices rose from more than 6,000 to more than 11,000. Later, when it came to the highest in 17 years, it rose by more than 40,000 per square meter. That is, it has fallen all the way to about 10,000 yuan per square meter.
And the buddies who have broken the mortgage can be said to be quite unlucky, and they just bought at the highest point. If you calculate according to the current local housing prices, the house that was bought for more than 4 million yuan at that time is now only worth 2.35 million, and the loans owed to the bank are more than 2.8 million. To put it bluntly, the value of the house is not as much as the loan, so why not?
Of course, even if the house is sold now, the difference in the loan price will still have to be repaid. In addition, the most serious is because of not repaying the mortgage on time, and also on the blacklist of bank credit. So the question is, what should I do if the supply of mortgages is cut off?
In this case, you can first go to the bank to discuss, whether you can suspend the payment of the principal, only repay interest or apply for deferred repayment, I mentioned in the last video, then when you slow down, then pay it back together. So I have to say: this can actually be avoided before buying a house.
On the one hand, be optimistic about the location, don't follow the trend, buy wherever the fire is, and buy where people buy.
On the other hand, it is to do what you can. Don't you say it all the old saying, how big your feet are how big shoes you wear, don't add too full leverage, because no one can say bad responsibility, which comes first tomorrow and accident?
Pay attention to the cannon to take you to learn more about buying a house dry goods.
