Mortgage interest rate
The mortgage interest rate is 4.35% within one year, 4.75% for one to five years and 4.90% for more than five years.
Mortgage loan/securities loan
Mortgage loan is a kind of loan provided by the bank to ensure the safety of the loan and legally obtain the lien and pledge of the borrower's property through a certain contract.
The basic principle of mortgage interest rate
According to the traditional Keynesian economic thought, when considering the determinants of mortgage interest rate for single housing financing, market economy countries usually regard the loan interest rate as the capital price in the capital market, and think that the loan interest rate should mainly depend on the market supply and demand of mortgage funds. There are three types of participants in the mortgage fund market: mortgage institutions, borrowers and depositors. As a lender, mortgage lending institutions actually play the role of intermediaries in the process of loan issuance, that is, lending depositors' savings funds to borrowers in the form of mortgage credit, connecting depositors with borrowers.
Therefore, the borrower acts as the demand side of funds in the market, and the lender rather than the depositor acts as the supply side of funds in the market. The mortgage interest rate is determined according to the demand and supply of funds reflected by the borrower and the mortgage institution.
What's the mortgage interest rate?
Nowadays, many property buyers will choose real estate mortgage to buy a house when buying a house. After all, the current housing prices are very high, and families who can pay the housing prices in one lump sum do not understand. Therefore, more and more families choose real estate mortgage to buy a house. What's the interest rate on the mortgage loan?
1. What's the interest rate of the mortgage loan?
As far as the current situation is concerned, the central bank's one-year mortgage interest rate is 4.35%, the one-year to five-year mortgage interest rate is 4.75%, and the mortgage interest rate over five years is 4.90%, but the specific amount will depend on the applicant's personal qualifications. If the applicant's personal qualifications are not good, the bank will raise the loan interest rate to reduce the credit risk.
2. What are the procedures for real estate mortgage loan?
1. To apply for a real estate mortgage loan, you must first write an application form and submit the required materials to the applicant, such as personal and spouse's household registration book, ID card, marriage certificate and loan purpose.
2. After receiving the materials, the applicant will conduct a preliminary review of the materials to see if the applicant's conditions meet the requirements of real estate mortgage loans. At this stage, buyers only need to wait for the preliminary results.
3. After passing the preliminary examination, the applicant needs to go to the evaluation institution established by the bank for evaluation. In the evaluation process, the applicant needs to pay a certain evaluation fee, but the evaluation fee standard of each bank is different, generally between three thousandths and five thousandths.
4. The bank will review the evaluation report and the materials of the applicant's price increase. After approval, the bank will contact the applicant to discuss the loan amount, term and interest rate. The applicant can sign a real estate mortgage loan contract after no objection.
5. The applicant goes to the local housing authority to register the property mortgage, and only needs to wait for the bank to lend money after handling it.
Summary: The related issues about real estate mortgage interest rates are introduced here for everyone, hoping to help everyone. Finally, remind friends who are interested in handling real estate mortgage loans that they can choose more banks and choose banks with lower interest rates to handle real estate mortgage loans.
How much is the mortgage interest?
Many people choose to borrow money to buy a house, and property mortgage is the most commonly used loan method. So what's the interest on the mortgage? How to choose the right bank loan? Next, Bian Xiao will introduce relevant contents to you. Let's have a look.
How much is the mortgage interest?
The mortgage interest of each bank will be different, and the interest rate is floating on the basis of the benchmark interest rate. At present, the benchmark annual interest rate of banks is 4.35% for less than one year (including one year), 4.75% for one to five years (including five years) and 4.90% for more than five years. We take China Merchants Bank and China Bank as examples:
1. The housing loan amount of China Merchants Bank is calculated at 70% of the appraised housing price, and the loan period cannot exceed 30 years. The general loan interest rate only rises 10% on the basis of the benchmark interest rate of the central bank in the same period.
2. The mortgage loan of China Bank is only for houses with the age below 15 and the house area above 85 square meters. The loan amount is related to the age of the house. Generally, a house of five to ten years old is 50% of the appraised price, and the loan interest rate is the benchmark interest rate of the central bank during the same period. If the ten-year loan term is taken as an example, the interest rate is 7.83%.
How to choose the right bank loan
1 First, compare the loan conditions of various banks. When the house is mortgaged, the bank should not only look at whether the house is qualified, but also review the borrower's credit status and personal income.
2. Compare the loan interest rates of various banks. The risk of mortgage loan will be lower than that of credit loan, because there is a house as collateral protection. However, the mortgage interest rate of each bank is different, so borrowers should compare the loan interest rates of various banks and choose the bank with lower interest rate.
Summary: The above is the related content of mortgage interest and how to choose the right bank loan introduced by Bian Xiao, hoping to provide reference for friends in need.
What's the mortgage interest rate?
1. What's the mortgage interest rate?
1. At present, the benchmark interest rate implemented by the bank is: the loan interest rate for less than one year (including one year) is 4.35%; The interest rate for one year to five years (including five years) is 4.75%; More than five years is 4.90%.
2. At present, the benchmark interest rate of commercial loans with a loan term of more than 5 years is 4.90%. Due to the policy of restricting purchases and loans, local banks have different efforts to adjust the interest rate of the first home loan. According to the latest data from Bank Information Port, the average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5%-20%. The interest rate of the second home loan generally rose 10%-30%. During the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second-home loans generally rose 10%.
3. The second suite is defined as the number of mortgage loans based on the borrower's family (including the borrower, spouse and minor children). Families who have used provident fund loans or commercial loans to buy houses and apply for mortgages again are regarded as second suites.
Second, the classification of loan interest rates
According to whether the interest rate level changes during the monetary fund lending relationship, the loan interest rate can be divided into fixed interest rate and floating interest rate. Floating interest rate refers to the interest rate that is adjusted accordingly with the change of price or other factors during the loan period. Lenders and borrowers can agree that the interest rate can be adjusted with the price or other market interest rates when signing the loan agreement. Floating interest rate can avoid some disadvantages of fixed interest rate, but the calculation basis is diverse and the procedures are complicated.
China's medium-and long-term savings deposit subsidy method is a form of floating interest rate system.