Core Viewpoint - The continuous decline in mortgage rates in China, currently around 3.5%, lowers the threshold for home purchases, stimulating interest among first-time and upgrading buyers. The debate between choosing a lump-sum payment versus a 30-year mortgage has resurfaced, with most industry experts favoring the latter as a means to alleviate financial pressure on buyers [1]. Group 1: Advantages and Disadvantages of Lump-Sum Payment - The primary advantage of a lump-sum payment is the elimination of monthly mortgage pressure, allowing homeowners to face life challenges without the burden of loan repayments [5]. - Paying in full avoids long-term interest payments, preventing homeowners from being in a position of working primarily for the bank [5]. - However, the significant financial strain of a lump-sum payment can leave families with limited funds for emergencies, making them vulnerable to unexpected events [8]. - Additionally, opting for a lump-sum payment means missing out on potential investment opportunities that could lead to wealth growth [8]. Group 2: Advantages and Disadvantages of 30-Year Mortgage - A 30-year mortgage allows buyers to make a down payment, significantly reducing the financial burden of paying the full price upfront, thus improving cash flow [11]. - Compared to a 20-year mortgage, the monthly payments are lower, providing more financial flexibility for homeowners [11]. - The remaining funds can be invested to potentially offset some mortgage interest, although this requires a certain level of investment acumen [11]. - On the downside, the long repayment period introduces risks such as income reduction or job loss, which can increase repayment pressure [11]. - Over the 30 years, a substantial portion of income will be directed towards mortgage payments, potentially diminishing the quality of life [11]. - Ultimately, the total interest paid over 30 years could equate to the price of another home, indicating that homeowners may spend a significant part of their lives financially tied to the bank [11].