In practice, mortgage loan is a loan obtained from a bank with a house as collateral. Including what we call mortgage loans, such as commercial loans and housing provident fund loans, actually belong to the category of mortgage loans.

From the characteristics of mortgage, mortgage has three advantages:

First, the number of years is long enough, up to 30 years.

The general credit loan is 3-5 years, and a few products, such as investment promotion, have been granted credit 10 years. 30 years is an order of magnitude different from 3 years.

And all loans are related to time.

One-year loans, such as online loans of Agricultural Bank of China and fast loans of China Construction Bank, can only be used as temporary turnover. If the credit liabilities increase, the loan may not be renewed in the second year.

A three-year loan, which is the credit time of most credit loans, can be used as a medium-term turnover, but it can only be used as a turnover. Because after three years, whether your credit information has changed or not, and whether this product of the bank is still there, there are two opinions.

The credit granting time is five-year loans, with a small number of credit loans. At present, most credit loans are in the form of card installment. Five years may be just enough time to go through a small cycle.

At present, almost only mortgage loans are available for products over 5 years. For example, before Bank of Ningbo's Wan Li was divided into eight years, it was changed to three years in March this year.

Many people buy a house loan, even if the loan is 30 years, it is not necessarily 30 years, and the intermediate replacement may repay the mortgage in advance.

But long service life, especially up to 30 years, has two advantages:

First, it's stable, it won't be replaced for 30 years, it won't expire halfway, it won't toss, and it's labor-saving.

Second, the monthly supply is low. For example, Apple's iphone, macbook and wireless headset can be divided into 24 periods. Originally, thousands of headphones and tens of thousands of laptops were quite expensive, but it was acceptable to divide them into 24 periods, about 100 per month, that is, several hundred yuan. The house is also divided into 360 stages.

Second, the interest rate is low enough, with more than 4 points for commercial loans and more than 3 points for provident fund loans.

Housing provident fund loans benefit ordinary people, so the interest rate is absolutely favorable, so there is also a quota limit, generally 400,000-600,000. In recent years, the number of provident fund loans has also been limited, and we have begun to look at the credit situation.

The interest rate of commercial mortgage has been relatively low, with the interest rate of more than 4 o'clock, and the interest rate of Yu 'ebao in earlier years was higher than this. In the past, the benchmark interest rate was discounted, which was 10%, 8.8%, 8.5% and 7% when it was crazy in early years. In recent years, the first set in many cities has also floated, such as 1. 1 times, 1.2 times. At present, commercial loan interest rates are subject to LPR and floating interest rates. By the way, the downward trend of interest rates is the trend. If it hasn't been turned, you can turn it. Most of them are mobile apps.

Rising is a credit loan that can be borrowed and repaid, generally between 6-8%. However, interest rates are falling this year. For example, the Hello E loan group office of Nanjing Bank can be 5.58%, which also leads to lower interest rates of other banks. For example, the Bank of Hangzhou dropped from 6 o'clock to 5 o'clock.

Further up is the credit loan in the form of card installment. The irr of premium card staging is generally above 6 o'clock, and that of ordinary card staging is about 12%.

Further up is the ordinary credit card installment, which is the kind that you often receive telephone invitations. Generally it is about 18%. Of course, there are also activities, some are 60% off, and some are even 30% off.

Third, the repayment method is excellent. No matter the equal principal and interest or the average capital, it is the real interest rate. If the IRR formula is pulled in excel, the interest rate obtained is consistent with the interest rate given by the bank.

Students who feel that matching principal and interest loans is natural can understand that beheading interest is very common in policy loans and microfinance loans, as well as in credit loans and credit card installment loans with matching interest rates.

Hehe, isn't there interest before capital? Yes. The mortgage loan with interest first and capital later has a short credit period, such as 10 year. There is even a mortgage with interest paid in advance, so you can trust it privately.

02

Why choose a mortgage?

First of all, as mentioned above, mortgage loan is a kind of loan with long life, low interest rate and excellent repayment method, which is almost incomparable.

Secondly, people must use money to survive in society, some are run by enterprises, some are seriously ill and need funds, some are FC, and so on.

Many people think that the house is to live in, but it can't be sold when the house price rises. This is still the same. In fact, the house can also be mortgaged.

Third, from a practical point of view, mortgage loans generally have two reasons:

1. The house has gone up, and the amount that can be offset has increased.

I bought a suite a few years ago and got a 70% loan. Now it is found that the loan only accounts for 30% of the market value of the house. If there is a capital demand, you can mortgage it. There are two options.

The interest rate has dropped. This is the trend since last year. This year, due to the epidemic, interest rate estimates have to be lowered. 20 18, the mortgage interest rate is low after 6 o'clock. Now many of them are at 4 o'clock, some are already lower than the mortgage interest rate, and the interest rate has been upside down. So this year, many people are borrowing money. What you save is your own, what's more, you can reduce the cost every year.

03

Types of mortgage loans

(1) One arrival and two arrivals

One is the need to pay off the mortgage and remortgage. Second, there is no need to repay the mortgage and then add the mortgage. The advantage of the second mortgage is that the original low interest rate and long-term mortgage still exist and can be offset by the provident fund. The disadvantage is that the second mortgage interest rate is generally expensive, the term is short, and the upper limit of the amount is low. However, the interest rate of the second home loan has also dropped recently.

(2) Consumer loans and commercial loans

Commercial loans need a company to operate. Consumer loans don't need companies. However, now consumer loans have basically stopped after the loan turmoil of 20 18. The mainstream product in the market is commercial loan. There are not many banks that provide consumer loans, and the general amount is limited, or some repayment methods are not very good, for example, they need to be repaid once a year. 300,000 credit loans are repaid once a year, and 3 million consumer loans are repaid once a year. This feeling is also quite sour.

Commercial loans need companies, and companies need to be registered or bought in advance.

(3) Equal principal and interest and interest before principal

At present, the mainstream is 20 years of equal principal and interest, and some can be repaid in 30 years.

Generally, the credit granting time is short, 3 years, 5 years, 10 year. If it is business turnover, you can use a 3-year credit line, otherwise it is basically long-term, and the suggested period is 10 year. Of course, short-lived ones also have advantages, that is, preferential interest rates, which are generally lower than those with equal principal and interest.

(4) Principal loans for the aged and principal loans within the system.

Usually they mortgage themselves. Some banks can provide loans to the elderly, and they can also receive credit information from the elderly. This gives room for movement.

Of course, the elderly should also be equipped with companies to prepare in advance.

It is actually more convenient for general units to operate loans, but they will be restricted in the system because they cannot have shares. Of course, there are still banks that can do it, and they may not be able to enjoy the best interest rate.

Those who are interested can talk privately.

(5) Interest rate

Of course, for mortgage loans, the ultimate concern is interest rates. Low interest rate is king, and the breakthrough is very clever.

But everyone's situation is different, such as credit information, unit, house situation, or choose the right product.

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