Which is higher, mortgage interest rate or mortgage interest rate?
The interest rate of mortgage loan is higher, because the risk of mortgage loan is higher, and mortgage loan will have some interest rate concessions, so the interest rate of mortgage loan is higher than that of mortgage loan.
The mortgage interest rates of different banks will be different. Of course, the credit qualifications of different borrowers will be different, and the mortgage interest rate will be different. Mortgage loans include provident fund loans and commercial loans, and the interest rate of provident fund loans is relatively low. The interest rate of the first home loan is 2.6% for less than five years, 3. 1% for more than five years, 3.025% for less than five years and 3.575% for more than five years.
The interest rate of the first home commercial mortgage is not high, and the lowest in the same period is LPR-0.2%, that is, the minimum annual interest rate of the mortgage for more than 5 years is 4. 1%. Many cities even canceled the lower limit of the first home loan interest rate, and the annual interest rate for more than five years was even lower than 4. 1%.
Mortgage and mortgage have different purposes. Mortgage loan belongs to consumer loan, which is mainly used for daily life and business, and mortgage loan is mainly used for buying a house. Generally speaking, everyone should choose the appropriate loan method according to their own needs.
That's all. I hope it helps you.