Because of the rising house prices, most people will choose mortgage when buying a house, so the mortgage interest rate needs to be clearly understood, such as what the upward adjustment will bring or what the downward adjustment will have. The following small series will introduce you to what it means to raise the mortgage interest rate.

What does it mean to raise the mortgage interest rate?

1, the increase in mortgage interest rate will affect the sales of houses, and may also increase the cost of housing loans.

2. The increase in mortgage interest rate can control house prices very well, which may lead many people to buy houses in large quantities. Once the supply of houses exceeds people's demand, house prices will naturally rise.

What are the types of mortgage loans?

Housing loans mainly include the following:

1. Housing provident fund loans: Housing provident fund loans are subsidized by policies, and the loan interest rate is relatively low, which is not only lower than the loan interest rate of commercial banks in the same period, but also lower than the deposit interest rate of commercial banks in the same period. In other words, there is a spread between the mortgage interest rate of the housing provident fund and the deposit interest rate of the bank.

2. Personal housing commercial loan: If people who have not paid the housing provident fund have no chance to apply for loans, they can apply for personal housing secured loans from commercial banks, that is, bank mortgage loans. As long as the balance of your deposit in the loan bank accounts for not less than 30% of the funds required for house purchase, and it is used as the down payment for house purchase, and the assets recognized by the loan bank are used as collateral or pledge, or the unit or individual with sufficient compensatory ability is used as the guarantor to repay the principal and interest of the loan and bear joint liability, you can apply for using the bank mortgage loan.

3. Personal housing portfolio loan: the housing provident fund loan that can be issued by the housing provident fund management center, then the maximum amount is generally10-290,000 yuan. If the purchase price exceeds this limit, the insufficient part can apply to the bank for commercial housing loans.

Summary: The above is what it means to raise the mortgage interest rate. As can be seen from the above introduction, it will affect the sales of houses and may increase the cost of housing loans. If you want to know more about it, you can pay attention to our Qijia. Com for consultation.

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