Generally speaking, when you transfer money on New Year's Day, your mortgage interest rate will also drop simultaneously, but the LPR will be lowered and the floating basis point will remain unchanged.

For example, if you buy a house, the LPR is 4.9% and the mortgage interest rate is 5.88%, which means that your mortgage interest rate has increased by 98 basis points. Then the current LPR is 4.3%. After New Year's Day, your mortgage interest rate will become 4.3%+98 basis points, which is 5.28%.

If you want to become the latest interest rate of 4. 1%, you can only transfer the ownership once and re-approve the loan.

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If the bank interest rate is reduced, will the original loan interest rate for buying a house be reduced accordingly?

Yes, if the benchmark interest rate falls, the repayment will also fall.

The calculation of loan interest adopts floating interest rate, and the interest is adjusted with the adjustment of interest rate. Of course, no matter how it is calculated, it has no effect on the interest paid. Will have an impact on the adjusted interest.

Extended data:

After the adjustment of the general bank interest rate, the interest rate of the unpaid part of the loan will also be adjusted. There are three forms: first, after the bank's interest rate is adjusted, the newly adjusted interest rate will be implemented at the beginning of the following year (ICBC, Agricultural Bank of China and China Construction Bank are all like this).

Annual adjustment, that is, adjusting and implementing the new interest rate every repayment year (such is the case with China bank mortgage).

The two sides agreed that the new interest rate level will generally be implemented in the month after the bank's interest rate adjustment. The adjustment time of the interest rate of provident fund loans is 1 month 1 day every year.

Will the loan interest be reduced if the bank reduces the mortgage interest rate?

First of all, answer directly.

Whether the mortgage interest rate will be adjusted by lowering the original loan needs to be divided into the following situations.

Second, the specific analysis

1. The initial mortgage loan was a pure commercial loan.

(1) Mortgage Linked to LPR If the original mortgage is a pure commercial loan and linked to LPR, the mortgage interest rate will be adjusted accordingly when the mortgage interest rate is lowered.

However, this adjustment is not real-time. Generally speaking, there are two kinds of bank mortgage interest rate adjustment dates, one is 1 month 1 day every year, and the other is the loan issuance date. You can check the loan contract and determine the specific interest rate change date. The mortgage interest rate will be adjusted according to the latest LPR of the mortgage interest rate change date.

(2) Mortgage is a fixed interest rate. If the mortgage interest rate is not linked to LPR, then even if the mortgage interest rate is lowered, the mortgage interest rate will not be adjusted accordingly, or repayment will be made according to the interest rate in the loan contract, otherwise it will cause itself to be overdue.

If the mortgage interest rate is fixed, then no matter how LPR changes, the mortgage interest rate is fixed. Although you can't enjoy the benefits of interest rate reduction when the mortgage interest rate is lowered, it won't increase your own mortgage expenditure when the mortgage interest rate is raised, so you can keep an objective attitude.

2. The original mortgage is a provident fund loan. The interest rate of provident fund loans is not linked to LPR, but only related to the benchmark interest rate announced by the central bank. Therefore, when LPR is lowered but the benchmark interest rate of provident fund loans has not changed, the mortgage interest rate will not change, and LPR will only affect the commercial loan interest rate.

If the benchmark interest rate is lowered, the interest rate of provident fund loans may change accordingly, but whether and when it can be adjusted depends on the notice of the local provident fund center. You can consult the local provident fund center first to understand the specific policies.

3. The original mortgage is a portfolio loan (1). The part of commercial loans will be reduced. After the LPR is lowered, the commercial loan part of the portfolio loan will be adjusted with the change of LPR. How much can be adjusted depends on the changing value of LPR. Of course, when to adjust, we should also refer to the agreement in the loan contract.

(2) The part of the provident fund loan will not be adjusted in the portfolio loan. The part of the provident fund loan is still not linked to LPR, but only refers to the change value of the benchmark interest rate. Therefore, if the mortgage interest rate drops due to the downward adjustment of LPR, it will not be reflected in the provident fund loan.

As can be seen from the above situation, whether the original mortgage interest rate will be lowered after the mortgage interest rate drops needs to be divided into many situations, and everyone can judge according to their own mortgage situation.

If the mortgage interest rate can be lowered, under normal circumstances, there is no need to take the initiative to operate. On the day of mortgage interest rate adjustment, the bank will automatically adjust the loan interest rate, so it is good to pay attention to the bank's notice in time, and generally there will be no problem.

After the mortgage interest rate is linked to LPR, there are advantages and disadvantages. When the mortgage interest rate drops, the mortgage expenditure can be reduced, but when the mortgage interest rate rises, the mortgage expenditure will also increase. But no matter whether the mortgage interest rate goes up or down, you need to repay the mortgage as agreed, and don't let your loans overdue.

You can check your online loan big data information in Winnie Hsin. The database cooperates with more than 2,000 online lending platforms, and the queried data is very accurate and comprehensive.

Third, is the mortgage interest rate lowered and the provident fund lowered?

After the mortgage interest rate is lowered, the provident fund will not be lowered.

The mortgage interest rate refers to LPR, and the provident fund refers to the benchmark interest rate of provident fund loans, which are different. Therefore, when LPR is lowered, the interest rate of provident fund loans will not be adjusted.

Only when the benchmark interest rate of the provident fund is adjusted and the provident fund loan is applied, the interest rate of the provident fund loan will be adjusted.

For users who have applied for provident fund loans, the interest rate of provident fund will be adjusted, and the mortgage interest rate of users will not be affected.

After the mortgage interest rate is lowered, only the commercial loan interest rate may be lowered, and the user's mortgage interest rate must be subject to LPR floating interest rate, so that the user's mortgage interest rate will be adjusted on the interest rate adjustment date.

Although the interest rate of provident fund loans will not be adjusted, because the interest rate of provident fund loans is lower than that of commercial loans, it is more cost-effective for provident fund loans even if it is not adjusted.

Users can apply for provident fund loans. It is recommended to apply for provident fund loans first. When the loan amount is insufficient, you can apply for a portfolio loan. If you can't apply for a provident fund loan, you can apply for a commercial loan.

The interest rate is high when buying a house. What should I do now that the interest rate has dropped?

When buying a house, the interest rate is high. If the interest rate drops in the future, the interest rate of loan customers will generally be treated as follows:

1. provident fund loan: in the face of the downward adjustment of LPR interest rate, its interest rate will not decrease accordingly. Because provident fund loans are based on the benchmark interest rate of central bank loans and are not linked to LPR. Only when the People's Bank of China adjusts the benchmark loan interest rate during the repayment period will the new interest rate be implemented from 65438+ 10/month 1 in the following year.

2.20 1 commercial loans processed after June 8, 9, and commercial loans processed before this date, but when the interest rate is converted from March1to August 3, 2020, choose the LPR floating interest rate: there will be a repricing cycle, and when the equal pricing date comes (there are two options: 65438+/kl.

3. Commercial loans with fixed interest rate shall be handled before 20 19 1 0.8, and the interest rate will be changed from March1in 2020 to August 3 1. No matter how LPR is adjusted and changed, its interest rate will be implemented in accordance with the contract and will always remain fixed.