You can't choose a fixed interest rate when buying a new house. Since August, new commercial housing loans can only choose floating interest rates, and floating interest rates cannot be converted into fixed interest rates. As long as the floating interest rate between them is not greatly adjusted, there is not much difference between the actual repayment figure and the total repayment amount. In the past, it was only cost-effective to apply for a mortgage when the mortgage interest rate was low.

What should I pay attention to when handling a mortgage?

1, depending on the mortgage interest rate

As we all know, the interest rate directly determines the amount of mortgage interest. Since the central bank introduced the new mortgage policy, housing loans in different regions have implemented differential interest rates. The interest rates of housing renovation and second-hand housing loans are very different. Some banks implement the lower interest rate of 5.5 1%, while others float 10% or even more than 30% above the benchmark interest rate.

2. Look at the repayment method

This is what every property buyer must face. Considering the convenience of repayment period and amount, lenders should choose banks with various repayment methods. In addition to traditional repayment methods such as average capital repayment method, matching principal and interest repayment method and one-time repayment method, some banks also introduced matching incremental repayment method and quarterly repayment method in the second half of this year.

3. Look at the interest rate adjustment method again.

At present, the interest rate of bank mortgage is usually determined by the borrower and the borrower through consultation, and can be appropriately adjusted monthly, quarterly or annually during the contract period. Of course, you can also use the fixed interest rate method. In the case of rising mortgage interest rate, choosing fixed interest rate is the best choice, which can make loans enjoy low interest rate. On the contrary, under the trend that the mortgage interest rate is expected to be lowered, it may be adjusted monthly, so that both parties will not suffer.

4. Look at the penalty interest level

Since the central bank introduced the new mortgage policy, major banks have increased the penalty interest rate of mortgage loans, changing the penalty interest rate from 0.02 1% to 30%-50% of the borrowing interest rate. In view of the inevitable default during the loan period, it is recommended to focus on banks with low penalty interest levels to avoid increasing the cost of mortgage loans.