1. If the mortgage is repaid in full in advance, it is not necessary to pay off part of the interest in advance, but a penalty (handling fee) of 1% is required;
2. Partial prepayment. Interest is not required for prepayment, only 1% penalty is required, and the remaining loan interest is recalculated.
3. If it is a credit card prepayment, the handling fee will still be deducted, so prepayment is not recommended.
Extended information:
20 13 Calculation Method of Housing Mortgage Loan
Which is the cheapest bank housing loan? My answer is that no one saves money, mainly to see which repayment method is more suitable for you.
Now more and more young people will buy houses. If they need commercial loans, the latest mortgage calculator 20 13 has become a compulsory course for buyers. However, many buyers still don't know how to use the mortgage calculator. Commercial housing mortgage loan calculator Do you know that the interest rate of individual housing loans is far lower than that of ordinary loans? Is it cost-effective to repay the loan in advance?
At present, the latest housing loan calculator provided by this website also provides two repayment methods: average capital repayment method and equal principal and interest repayment method. When using, you only need to choose the corresponding loan method, fill in the corresponding loan amount, choose the loan term and choose your own repayment method.
The monthly mortgage payment can be calculated according to the latest loan interest rate. After the calculation of mortgage calculator is completed, you can also view the detailed repayment information.
According to the comparison between the average capital repayment method and the equal principal and interest repayment method, the most suitable repayment method can be selected. If necessary, you can also modify the annual interest rate according to the actual situation.
Property buyers must sign relevant mortgage contracts with banks when applying for mortgages. One of the important clauses in the contract is the agreed interest rate clause.
Mortgage contracts are mainly divided into monthly interest rate adjustment and annual interest rate adjustment. The monthly interest rate adjustment is to implement the new interest rate standard from the next month after the central bank's benchmark interest rate changes; Annual interest rate adjustment refers to the implementation of the new interest rate standard on New Year's Day next year after the central bank's benchmark interest rate changes.
1 10,000 loan for 20 years, and the monthly payment decreased by 297.83 yuan. If oral calculation is troublesome, you can use the latest housing loan calculator version 20 13 to solve your problem easily.
Due to different loan interest rates and different preferential discounts, the actual reduced monthly supply will be different. Calculated an account with the latest mortgage calculator. The loan is 6,543,800 yuan, with a loan term of 20 years, and the repayment method of equal principal and interest is adopted.
If you enjoy the benchmark interest rate, the monthly payment is now 7783.03 yuan (the interest rate before adjustment is 7.05%), and from next month, the monthly payment will be reduced to 7485.20 yuan (the adjusted interest rate is 6.55%), that is, 297.83 yuan per month.
Is it worthwhile to prepay now?
At present, the annual interest rate of mortgage loans for more than five years is 6.55%, which is 4.585% after 30% discount; The corresponding five-year deposit has an annual interest rate of 4.75%, and the deposit and loan interest rates are upside down. Therefore, if the latest mortgage calculator is used to calculate, prepayment is not cost-effective.
Experts remind everyone that many old mortgage customers have consulted about the change of monthly supply, and some customers have calculated it themselves. However, before figuring out the repayment amount, the customer had better repay according to the previous amount, so as to avoid the insufficient repayment amount and affect the personal credit record.
Can the mortgage be paid off in advance?
The mortgage can naturally be repaid in advance. You can choose to pay off the remaining money in full in advance, or you can choose to pay back some money in advance.
But if you want to repay in advance, many banks have regulations that you must repay for more than one year before you can repay in advance.
To repay the mortgage in advance, you must first apply to the bank for early repayment. There is no way to repay the mortgage in advance without an appointment.
After making an appointment, you need to bring your ID card, repayment bank card and loan contract to the bank to fill in the prepayment application form, go through the prepayment application procedures, and then transfer the prepayment money to the repayment bank card.
If you choose to pay off in full in advance, because the mortgage needs the house as collateral, you have to go to the Housing Authority to which the house belongs to handle the mortgage cancellation procedures after repayment. After the mortgage cancellation, the property right of the house will be completely owned by you.
Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract.
housing loans
Personal housing loan refers to the loan issued by the bank to the borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. entrusted loan
Entrusted loans for individual housing refer to loans issued by banks to individuals who purchase ordinary housing according to regulations, and the source of funds is housing provident fund deposits. Also known as provident fund loans.
Self-operated loan
Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan.
Consortium lending
Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc.
Loan amount: 80% of the value of the loanable property after being audited by the bank.
Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan.
Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old.
Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.
way
There are three ways of housing loans, namely, bank commercial loans, provident fund loans and portfolio loans.
Can the mortgage be repaid in advance?
Of course. According to the requirements of different banks, some can repay one month or one year in advance. Loan contracts generally have prepayment clauses, so we should pay attention to whether there are liquidated damages.
Usually, the terms of commercial loans will stipulate the minimum repayment amount. You have to apply to the bank a few days in advance (usually 15 days), but the bank will only deduct your prepayment principal on the day of your monthly repayment. Early repayment usually means that the interest generated by the bank will not be returned to you, but the interest generated by it is equal to the interest payable by you and will not overcharge you.
Repayment procedures:
1. Submit a written application for prepayment to the loan bank in advance.
2. The borrower goes to the bank with his ID card and repayment card.
3. Fill in and submit the prepayment application form and deposit the prepayment amount in the counter. The repayment period can be determined according to individual circumstances, and the monthly repayment amount can be adjusted according to the repayment period.
Extended data
First, don't forget to surrender the loan in advance.
When the lender handles the loan, the bank will cancel the pledge. For example, if it is necessary to go through the prepayment procedures, Hefei Small Loan Bank normally requires the lender to submit a written or telephone request 15 working days in advance, and the bank will accept the loan. If it is a lender who settles the full balance, Hefu Microfinance is prepared to make a remaining loan line after the bank, so that the lender can take out the remaining money and repay the loan in advance.
Second, we can't ignore the oath.
The danger of the owner's falling price after the down payment is paid off. After the borrower settles the full amount in advance, the bank will show the settlement confirmation, and the lender will plan after keeping the copy of the loan settlement confirmation issued by the bank and the original system of each bank.
Third, prepayment needs preparation.
At present, some banks will release the pledge by themselves. After the pledge is released, the lender himself needs to go to the bank to get a house book. There will be changes. Banks stipulate that early repayment should be several times of 65,438+0,000, and some banks still need to charge a certain amount of non-repayment. If the depositor pays off the loan, he must not forget to pledge a certain loan and cannot ask for surrender.
References:
Baidu encyclopedia: mortgage