What is a second-child mortgage? What is a second-child mortgage, and is it suitable for that ethnic group? It means that there is a mortgage user who ranks first at present, and uses the same house to set the second mortgage to obtain the required funds. Taixin Bank pointed out that it is more suitable to apply for a second child than to have a fixed salary certificate or withholding certificate to calculate the monthly income of 22 times, such as the first business owner, SOHO family, personal studio, and business groups without fixed bonus income every month.
What is the lowest interest rate for the second child? 5% jump. At present, the interest rate difference of second-child mortgage between banks is not small, which is about 4.55%- 18%. For Thai letter bank, the interest rate starts from 4.55%, but the annualized interest rate is as high as 18.88% due to different customer conditions. Guotai Shihua's second-child mortgage interest rate is 5.37%, and it is only open to Guotai Shihua Bank or China Life Loan, so not everyone can apply for a loan. In addition to the interest cost, people should also pay attention to the cost of setting up a home and the possible cost of changing books. Take Taixin as an example, the bank charges 3,000 yuan for the second-grade mortgage, and about 500,000 yuan for each loan, which is charged to 600 yuan.
Consider increasing mortgage or credit before starting a second child. The interest rate of the second child mortgage is high. Many people will inevitably ask, is it more cost-effective to open a credit? The person in charge of the bank pointed out that office workers with fixed income can make more use of preferential low-interest credit schemes as long as they have good credit and little capital demand. At present, the interest rate is around 3% to 7%, and the loan amount is around 300,000 to 500,000. If the people demand a high amount and the mortgage in their hands has been repaid on time for more than half a year, they can consider applying for additional loans from the original bank first. Take a house with a price of 1 million yuan as an example. After evaluation, we can borrow 8 million yuan. If the repayment of the principal is less than 8 million yuan (the repayment part does not exceed the appraised value of the house), you can apply for increasing the loan. But the final loan amount still depends on the residual value of the house, and the loan interest rate will be close to the original conditions, which is a way to save interest.
Vice President of Taixin Bank pointed out that if the amount to be borrowed is in the hundreds of thousands, it is better to look at the real estate at hand and then borrow it from a private financing company. If the first-order mortgage has no room to increase loans, it is also an option to use the second-child mortgage to obtain funds. Simply put, if you want to get a loan, the first step is to evaluate the capital demand. If the amount is not large, the credit is good; If the demand is large, or the individual cannot provide proof of fixed salary, it is more appropriate to apply for a second-child mortgage without room for loan increase. When people are looking for liquidity, it is best to inquire about the loan products and conditions of various companies, and please analyze the banks that usually come and go to see which one has the lowest loan interest rate and the repayment method is more suitable for them. They should spend more time doing their homework so that they won't suffer.
References: 1 Chen Pinjun American subprime mortgage 2 Discussion on the economic impact of American subprime mortgage 3 Liu Hengcheng's impact on American subprime mortgage in 2007.