According to national regulations, lpr pricing benchmark conversion refers to converting the pricing benchmark of floating interest rate of stocks into lpr. At present, there are two ways to convert mortgage interest rate contracts: fixed interest rate and lpr plus points, and all existing mortgages must be re-signed from March 2020 1. So, is lpr pricing benchmark conversion good or bad?

Is lpr pricing benchmark conversion good or bad?

The conversion of lpr pricing benchmark is good, which can give buyers the opportunity to re-select the loan interest rate. For users with high mortgage interest rate at present, try to choose the conversion method of lpr plus points. Try to choose a one-year repricing cycle. If lpr drops next year, buyers can also enjoy the benefits of falling interest rates as soon as possible. If lpr does not decrease, users will also calculate according to the converted interest rate.

I have to remind you that you can't change your loan interest rate if you enjoy a big discount when buying a house or using a provident fund loan. Compared with transformation, it is better to follow the previous calculation method.