Income of 20 million VND/month, want to borrow money to buy a house, what does ChatGPT suggest to pay attention to?

*The information in the article is taken from the answer of AI and is for reference only.

When asked what factors need to be considered with an income of 20 million a month, if you want to borrow money to buy a house, ChatGPT said that users need to consider 5 different factors.

These five factors include repayment capacity, credit score, property value, loan term and interest rate, and type of loan.

Specifically, the text of ChatGPT’s answer is as follows:

“ If you have an income of 20 million a month and want to borrow money to buy a house, there are several important factors you need to consider, including:

1. Ability to repay: You should determine your ability to repay based on your monthly income, living expenses and other debts that you are currently paying. You need to make sure that your repayment does not exceed 30% of your monthly income to ensure future financial stability.2. Credit Score: Your credit score is also an important factor when considering a loan. If your credit score is high, you may be approved for a loan at a lower interest rate. Conversely, if your credit score is low, you may have difficulty getting a loan or incur higher interest rates.3. Value of property owned: The bank will consider the value of the house you want to buy to ensure that the value of this property does not exceed your ability to pay.4. Loan period and interest rate: You should learn and compare the interest rates and loan periods of different banks to choose the best option for you. You also need to factor in other fees such as processing fees, insurance fees, and others.5. Type of loan: You need to pay attention to the type of loan that best suits your needs, including unsecured loans or mortgage loans.In summary, if you want to borrow money to buy a house with an income of 20 million a month, you need to take care of the above factors to ensure that you have the ability to pay and do not contribute too much to the repayment of the debt. .

Previously, when asked if you should buy a house or an apartment with 5 billion VND, ChatGPT compared for users on 5 aspects, including location, utilities, lifestyle, finance and usage needs. use.

ChatGPT offers many aspects to help users get more information and make decisions easier.

The answer text is as follows:

“The choice of buying a house or an apartment building depends on the needs, location, utilities and lifestyle of each person. Here are some points for your reference:

1.Location: Real estate is often searched for in suburban areas or open space areas, while apartments are often located in the city center. Therefore, if you want to live in a location near the center, with many amenities around, you should choose to buy an apartment. On the contrary, if you like a quiet, airy space with a garden, you should buy a house.

2. Utilities: Apartments often have full facilities such as supermarkets, swimming pools, gyms, 24/7 security,… meanwhile, real estate usually doesn’t have these utilities. So, if you want to live in a space full of utilities, safety and comfort, then you should buy an apartment.

3.Lifestyle: If you like a private lifestyle, don’t want to be influenced by your neighbors, you should buy a house. If you like to communicate, connect with the community, participate in common activities, then you should buy an apartment.

4.Finance: Real estate often has a higher value than apartments in the same location, area and facilities. However, when owning real estate, you will not have to pay service fees such as management fees, maintenance, general cleaning, … like when owning an apartment.

5. Demand for use: If you want to use it to stay with your family, you should buy a house. If you want to use it to rent, invest or live alone, you should buy an apartment.”