The home purchase contract before the mortgage interest rate was reduced does not need to be re-signed. You only need to sign a supplementary agreement with the bank regarding the interest rate reduction and attach it to the contract.

1. Domestic personal mortgage loans are mainly floating-rate mortgages. In the current market, most mortgage contracts signed by borrowers and banks have floating interest rates. Every time the central bank raises interest rates, the borrower's monthly payment will increase accordingly; conversely, there will be a corresponding decrease.

2. Floating-rate mortgages are a relatively common form of mortgages at present. The central bank adjusts interest rates in a timely manner according to the needs of domestic economic development, and the interest rate risk is borne by the borrower. If the loan interest rate is raised or lowered, the loan buyer will have to repay the loan at the new loan interest rate starting from the next year. Since housing loans generally have a long term, the borrower's interest payments will always be in a state of uncertainty.

3. Loan interest is calculated based on floating interest rates. After the bank loan interest is adjusted, the interest rate level for loan interest calculation will also be adjusted accordingly. Of course, no matter how it is calculated, it will have no impact on the interest paid. The adjustment The subsequent interest will be affected. Generally, after the bank interest rate is adjusted, the interest rate of the unpaid portion of the loan will also be adjusted accordingly.

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1. For the majority of home buyers , if the market is generally bullish on interest rates in the future, it will be more cost-effective to choose a fixed-rate mortgage; otherwise, it will be more cost-effective to choose a floating interest rate. Whether to choose a fixed-rate mortgage can be measured through the following aspects:

1) Determine whether the future interest rate level is on the path of interest rate increases;

2) Carefully consider your own income situation ;

3) If you apply for a second or more housing loan, you can consider using a fixed-rate loan to lock in the interest rate of a medium- and long-term housing loan to avoid interest rate and inflation risks.

2. Fixed-rate mortgage refers to a RMB personal housing loan in which the loan interest rate remains unchanged within a certain period of time. That is to say, a fixed interest rate is set when the loan contract is signed. No matter how the market interest rate changes during the loan period, the borrower will pay interest at the fixed interest rate and will not follow the market trend.

3. Floating rate mortgage refers to a RMB personal housing loan in which the mortgage interest rate adopts a floating system, and the medium and long-term loan interest rate is adjusted in a timely manner according to changes in the central bank's benchmark interest rate.