In fact, whether the mortgage interest rate is lowered or not, early repayment is beneficial.
After all, loans are supported to be repaid after borrowing, and interest is also accounted for. On the repayment date, the remaining unused principal does not bear interest.
In this way, the sooner the repayment is made in advance, the less time the funds take up and the less interest needs to be paid.
Therefore, it can be said that it is a good practice to deposit interest and repay in advance after getting the mortgage.
However, it is suggested to calculate the remaining interest expenses before preparing for prepayment, and then compare it with the liquidated damages to be paid for prepayment to see which amount is larger. If the remaining interest expense is less than the prepayment penalty, it is not necessary.
There is also an analysis based on the time and method of repayment.
For example, the repayment time in average capital has exceeded the loan term of 65,438+0/3, because interest accounts for a large part of the repayment amount in each installment, and the interest will soon be paid off after such a long time, so there is no need to repay in advance, because there is not much money saved later, so it is better to repay on time.
After all, thanks to the downward adjustment of mortgage interest rate, as long as the mortgage is priced at LPR+ basis points, the mortgage interest rate has been declining, and the mortgage repayment rate will be less and less.
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Will the mortgage interest rate be lowered when house prices fall?
The decline in house prices is not directly related to the mortgage interest rate.
Because the house price is the price set by the developer and the mortgage interest rate is the interest rate set by the bank.
However, the decline in house prices will affect the loan amount, because house prices have fallen, and the loan amount will also decrease under the same down payment ratio.
For example, the price of a house that the borrower originally liked was 6.5438+0 million, with a down payment of 30% or 300,000 and a loan amount of 700,000. Later, the developer reduced the house price by 6,543,800+to 900,000, with a down payment of 30% to 270,000 and a loan of only 630,000.
Of course, it is also possible that house prices will fall and mortgage interest rates will also fall, which can only be said to be a coincidence.
Note that the reduction of mortgage interest rate also depends on the type of mortgage, that is, whether the mortgage is a commercial loan or a provident fund loan. The interest rates of the two loans are different and the changes are different.
The general downward adjustment of mortgage interest rate is aimed at pure commercial loans, because the interest rate of provident fund loans is implemented according to the benchmark interest rate of provident fund loans and generally will not change; The newly issued pure commercial loans are all priced at LPR interest rate+basis point, and with LPR floating, pure commercial loans will also be lowered when LPR interest rate is lowered.