To apply for a mortgage, we must first look at the discount of the bank loan interest rate. The benchmark interest rate for loans over five years stipulated by the central bank is 4.90%. However, in practice, local banks will raise interest rates or discount interest rates according to the overall environment of the mortgage market, so that there will be a minimum interest rate and a maximum interest rate. Low interest rate means lower mortgage interest, which is the key for buyers to save money and the first factor to consider when choosing a bank.

Second, consider the preferential threshold.

Under normal circumstances, there are certain requirements, and not everyone can enjoy interest rate concessions. This is another criterion for choosing a bank that we want to talk about-looking at the threshold for loans, including the threshold for obtaining interest rate concessions.

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

Third, understand the way of interest rate adjustment.

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 interest rates in the following year, that is, in the second year after the central bank announced the interest rate adjustment, lending banks began to implement the new benchmark interest rate from 65438+ 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.

Fourth, choose the repayment method.

As we know, there are two main repayment methods of mortgage: average capital and matching principal and interest, which are generally provided by banks. What buyers need to pay attention to here is that many buyers may prepay, so they should know more about the bank's regulations on prepayment. For example, some banks require repayment for one year before they can apply for early repayment, and some will also charge liquidated damages. Banks that have no rigid restrictions on repayment time and liquidated damages are naturally considered.

Five, understand the 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. The shorter the time, the better for the lender. However, it involves different regions and policies, and the speed at which banks approve loans varies greatly.