You want to enjoy low interest rates and save monthly payments, and the financial company wants to earn commissions from you. If the cooperation is successful, you will win, but the risk is not something you and the financial company can determine or guarantee!

(1) Policy risks. Central documents, banking regulators, and banks cannot be sure that these are unchanged. For example, the banking regulator strictly checks the flow of funds, illegal lending, banks reduce loan limits, etc. ;

(2) The risk of circular lending. One "borrow" and one "repay", mortgage, borrow again, and recycle. Most of the risks are caused by problems in the lending process, such as: borrowing You can't pay it back, you can't borrow it after you pay it back.

(3) Interest rate risk, for example: equal principal and equal interest. After a few years of principal repayment, the interest rate will be based on the current interest rate.

Nowadays, operating loans are the best loan product to support small, medium and micro enterprises with real estate as collateral! According to the supplementary description:

(1) "Save 1,000 yuan a month and 600,000 yuan in 30 years." If you are an ordinary home buyer and your mortgage base is not large enough, you cannot save so much; if you have a mortgage loan If the base is large enough, then you already have "experts" in this field, and you may save more than 1,000 per month!

(2) Most financial companies will tell you on the phone that the lowest interest rate is 3.8, which is basically the monthly interest rate. They will first make an appointment with you to chat, and then give you a rate based on your actual situation. plan!

Which types of loans banks grant and to whom they grant loans are governed by national financial laws and regulations. Business loans are for businesses or individual industrial and commercial households, not for individuals to repay their mortgages. Even if you register a self-employed business owner, you obviously do not meet the conditions for business loans for self-employed businesses.

Article 153 of the "General Principles of the People's Republic of China and Civil Law" stipulates: "Civil legal acts that violate public order and good customs are invalid." According to the explanation in the "Minutes of the Ninth National Civil and Commercial Trial Work Conference" issued by the Supreme Court, violating the relevant management regulations of the national financial industry is a violation of public order (public order). Once the bank's management tightens or even changes its leadership, your operating loan contract will bear the brunt. The operating loan contract you signed with the bank will be deemed invalid by the court. If this happens, you must immediately repay the bank's operating credit loan. If you cannot repay it, the house you used to guarantee the loan repayment will be in danger.

Don’t take chances and don’t be fooled by any financial intermediaries.

"There is no free lunch in the world" means that all "lunch" comes with a price, and legal liability is also a price, which is often reflected in the form of money.

I am very happy to be invited by you to answer your question

Seeing that you are from Guangzhou, the annualized interest rate for mortgage loans in Guangzhou can be 4.15, and the monthly interest rate is 3.45. Sorry, this is very unprofessional. The operation process is as follows:

① Get a credit report, confirm that the mortgage interest rate is in line with your plan, and sign a service agreement.

②According to the loan plan, prepare the corresponding loan information, license and other information.

③ Make an appointment with the bank to approve the import application and wait for the approval to be approved.

④After the batch compound contract is signed, the notary office will perform the notarization of the property redemption.

⑤ The guarantee company pays the property redemption money to redeem the property, collects evidence, and goes to the housing management office to release the mortgage (on behalf of the agency). Before issuing the property redemption money, the property redemption fee must be paid in advance for 15 days. The third-party payee and The borrower's bank card and password are kept by the guarantee company.

⑥Mortgage, the bank initiates the mortgage business to the real estate registration center, and you swipe your face on the official account to authorize.

⑦The bank received other warrants from the Real Estate Registration Center and the loan was successfully issued.

⑧The guarantee company will settle the property redemption payment and intermediary service fee on the same day, and return the remaining balance to you.

⑨After the business ends, normal monthly payments will be made.

First of all, let’s not talk about avoiding risks. Let’s first see if what the intermediary tells you is feasible: your current mortgage interest rate is 5.65%, and the intermediary can help you get it to 3.85~4.25%. According to national regulations, the benchmark interest rate is 3.85% for one-year terms and 4.65% for five-year terms and above. Therefore, the annualized interest rate quoted to you must be a short-term loan, and the repayment method is most likely to be interest first and then principal. This kind of remortgage is definitely not suitable for ordinary wage earners. Unless you use more funds for other investments, it is okay.

Secondly, 3.85~4.25%, from a numerical perspective, is far lower than your mortgage. In fact, this is not the case, because the repayment methods of the two are different. The resulting algorithm is different. If the mortgage loan is not returned in advance, the principal of 5.65% is converted into a monthly interest of 2.6% (5.65 12 1.8). The annualized interest rate is 3.85%, and the lowest monthly interest rate is 3.2% (3.85 12). This makes it clear at a glance. Now the intermediaries are acting in their own interests. Often the two repayment methods are confused into one, and the truth is not told to the customer.

Let’s talk about the existing risk issues:

1: First of all, the mortgage that can achieve such a low interest rate must be an operating mortgage rather than a consumer mortgage. In other words, in the bank's view, the purpose of this money must be for business operations. Therefore, if the bank later finds out that the funds were used incorrectly, the funds can be withdrawn at any time.

2: To achieve this interest rate before the principal, you basically need to return the principal every year or have an annual review. The annual review is okay, as long as you ensure that your credit report and license are OK, the basic problem is not big, but for wages For the tribe, they need to spend 1 million to cross the bridge every year, which is a very troublesome thing.

Summary: Many homebuyers will have this plan if they only use mortgage conversion to save money. You can only choose a mortgage with equal principal. Unless your mortgage interest rate reaches an annualized rate of more than 7%, you can consider a mortgage with interest first and then principal.

Thanks for reading!