1, select the appropriate bank.
Before applying for a mortgage, I suggest that you visit several banks more, and you should know clearly about the discount of loan interest rate, loan threshold, interest adjustment method, repayment method, liquidated damages, years and other issues of each bank.
2. Changes in interest rates
The interest rate of housing mortgage loan is generally determined by two factors: benchmark interest rate and preferential interest rate. If the benchmark interest rate in the previous year is adjusted, the monthly repayment amount in the following year 1 will also be adjusted; If the preferential mortgage interest rate is adjusted from 30% to 20% in the previous year, the monthly repayment amount will also be adjusted.
3. Repayment method
At present, average capital and equal principal and interest are common, so it is recommended to choose equal principal repayment, and the repayment in the first month is the largest, because the principal is relatively large, which saves interest very much. If you choose equal principal and interest repayment, you will pay most of the interest in the first two years, so it is of little significance to repay in advance.
4. Advance repayment appointment
Note that there is a certain process of prepayment of mortgage. Go to the bank to make an appointment, fill out the application form, agree on the repayment time, deposit the money, and then go to the bank to repay. If it is settled in advance, you need to apply for real estate license, surrender and cancel the mortgage.
5. Calculation formula of repayment interest
Calculation of repayment interest this month:
This month's interest = remaining principal × monthly interest rate;
Repayment of principal this month = monthly repayment amount-interest this month.