What are the common loan methods?
1, commercial loan.
Commercial loans, that is, individual housing loans, are loans provided by commercial banks and housing savings banks approved by the People's Bank of China for urban residents to purchase ordinary housing for their own use, and the legal loan interest rate is implemented.
2. Payment of provident fund.
The full name of housing provident fund loan is personal housing guarantee entrusted loan. It is a personal housing loan that is entrusted by the local housing provident fund management center to commercial banks to use the housing provident fund paid by their employees.
3. Portfolio loan.
Portfolio loan refers to the combination of provident fund and commercial loan, which is issued by the housing fund management center with policy housing funds and the bank with commercial credit funds to the same borrower. It is the sum of policy and commercial loan portfolios. That is, the loan demand beyond the amount of housing provident fund is solved by bank funds.
What should I pay attention to when handling mortgage loans?
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 minimum 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 a problem that every property buyer must face. From the convenience of repayment period and amount, lenders should choose banks with multiple repayment methods. In addition to the traditional methods of equal principal repayment, equal principal and interest repayment and one-time repayment, some banks also introduced equal incremental repayment and quarterly repayment in the second half of this year.
3. Look at the interest rate adjustment method
At present, the interest rate of bank mortgage is usually decided by both borrowers and borrowers, and can be adjusted appropriately on a monthly, quarterly or annual basis 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 is advisable to adjust it monthly, so that neither side will 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 on mortgage loans and adjusted 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.