To apply for a mortgage, we must first look at the preferential loan interest rate of the bank. However, in practice, local banks will set interest rate discounts according to the overall environment of the mortgage market, so that the lowest interest rate and the highest interest rate appear. Low interest rate means less mortgage interest, which is the key for buyers to save money and the first factor to consider when choosing a bank.

2. Look at the preferential threshold for loans.

Under normal circumstances, banks have certain requirements for customers who want to get preferential interest rates, and not everyone can enjoy preferential interest rates. This is another criterion when we choose a bank. It depends on the threshold of loan, including the threshold of obtaining interest rate concessions.

For example, some banks will require buyers who apply for loans to have an account in the bank and the deposit amount is above, or the total amount of houses that require loans is above.

Banks also have different requirements for the age of second-hand houses. For example, some banks require that the age of second-hand houses applying for loans should not exceed 20 years, while some banks strictly require that it should not exceed 15 years, and some banks require that it should not exceed 10 years.

3. Look at the bank's interest rate adjustment method.

Mortgage interest directly affects the lender's economic pressure, and when the central bank raises interest rates or cuts interest rates, mortgage interest will vary according to the different ways of bank interest adjustment.

At present, there are two main ways for banks to adjust interest rates:

One is to adjust the interest rate in the following year, that is, in the second year after the central bank announced the interest rate adjustment, the lending bank began to implement the new benchmark interest rate from 1

The other is to adjust the interest rate monthly, that is, after the central bank announces the interest rate adjustment, the lending bank will implement the new benchmark interest rate from next month.

In addition to floating according to the central bank's interest rate, there is also a fixed interest rate of the lending bank. The interest rate at the time of signing the contract does not change with the change of the central bank's interest rate hike and interest rate cut.

Different banks have different regulations on the above methods, some are the adjustment of default interest rate in the following year, and some lenders can choose their own interest rate adjustment methods.

4. Look at the repayment method

As we know, there are two main ways of mortgage repayment: average capital and equal principal and interest.

Matching principal repayment refers to the equal repayment of loan principal every month, and the loan interest decreases month by month with the principal. That is, the principal is allocated to each month, and the interest between the last repayment date and the current repayment date is paid off.

The equal principal and interest repayment method is to repay the loan principal and interest in equal amount every month during the loan period, that is, the total amount of mortgage loan principal and the total amount of interest principal are added and evenly distributed to each month of the repayment period.

Generally speaking, the average capital can save more interest than the equal principal and interest repayment method, but when applying for a loan, banks that can make their own decisions according to their own conditions are certainly worth considering.

At the same time, considering that many property buyers are likely to prepay in the future, it is necessary to know more about the bank's regulations on prepayment.

5. See if there is any penalty for repaying the loan in advance.

With regard to early repayment, some banks have strict regulations on repayment time. For example, some banks require lenders to apply for early repayment after the repayment reaches 6 months or 65,438+0 years. If the loan is repaid during this period, the bank will charge a certain percentage of liquidated damages. I hope the lender will pay attention to this.

6. Work efficiency

This mainly depends on the time required for the borrower to approve the loan after submitting the materials correctly, which reflects the efficiency of the bank's loan approval and can also be said to be the work efficiency. Of course, the shorter the time, the better for the lender.

Can I choose my own bank to buy a house with a loan?

1. Most buyers obey the arrangement of property consultants.

Under normal circumstances, faster loan is a stable business. Developers use little money to pry a lot of money from banks and maintain good cash flow through loans, which requires maintaining good relations with long-term cooperative banks. Therefore, in return, the personal mortgage business of future opening projects will also be handled by cooperative banks, and the interests of banks and developers are closely tied together.

Indeed, when most property buyers handle mortgage business, property consultants designate banks for property buyers in the name of various concessions and conveniences. For the convenience of property buyers, most of them obey the arrangement of property consultants, but this does not mean that property buyers do not have the right to choose their own banks.

2. Buyers can choose bank loans independently.

Experts believe that in the relationship of house sales, when the house is sold and the buyer pays the house price, the rights and obligations of both parties are limited to the timely delivery and payment of the house, and the developer has no right to designate a bank to handle the loan. Therefore, from a legal point of view, it is illegal for developers to designate loan banks and refuse provident fund loans.

On the other hand, the law makes it clear that the contractual agreement is higher than the statutory one, so buyers should be clear. If the house purchase contract clearly stipulates that the developer has designated a bank, then this agreement comes into effect, and the developer has the right to designate, and the buyers shall abide by it; On the other hand, if there is no provision in the contract, then consumers can completely refuse the bank designated by the developer and choose the bank or provident fund themselves.