At present, because houses are too expensive, more and more people will choose loans to buy houses. However, this operation involves a wide range of matters needing attention. For example, if it is the first house, do you know how to calculate the loan interest rate? Let's take a look with Bian Xiao. I believe it will bring you different views.
What is the loan interest rate for the first house?
If the term of the first home loan is less than 5 years, the interest rate is 3.75%; For more than 5 years, the interest rate is 4.25%; The so-called bank interest rate refers to the ratio of the interest amount to the principal amount during the loan period; The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower limits of interest rates stipulated by the Bank of China.
What is the process of buying a house with a bank loan?
1. First, you can go to a number of banks to find out about their housing loan conditions, what materials you need to prepare, loan amount, interest rate, preferential treatment and other information. You can choose a bank with more favorable housing loans to apply for loans to buy a house. Then we prepare the purchase contract, down payment voucher, ID card, income certificate and other related materials according to the requirements of the bank, and handle the housing loan at the bank's outlets.
2. The bank will examine the applicant's information. After the approval of the bank, the applicant needs to sign a loan contract with the bank and apply for insurance. Because banks take risks as an example, they will ask lenders to buy life insurance and property insurance, and list banks as the first beneficiaries. Next, the applicant goes to the Housing Authority to go through the transfer formalities, register the house mortgage, and get other certificates and other relevant documents.
3. Finally, the applicant will hand over other warrants to the corresponding bank, open a special repayment account in the bank and sign the power of attorney. After receiving other warrants, banks will lend money according to the contract. The applicant repays the principal and interest on time every month, and the insurance cannot be interrupted during the loan performance. After the loan is paid off, don't forget to cancel the mortgage registration and mortgage insurance.
Summary: well, the interest rate of the first home loan is introduced here. I hope I can give you some help. I believe that in the process of understanding the interest rate of the first home loan, friends will be more handy and get their own satisfactory answers.
What is the interest rate of the first home loan?
Now house prices are getting more and more expensive, ranging from hundreds of thousands to millions of a suite. Buying a house is a difficult thing for people who have no savings. So many people choose loans when buying a house. The loan interest rates of the first suite and the second suite are different. So what is the interest rate of the first home loan? Let's take a look with Bian Xiao.
1. What's the interest rate for the first home loan?
The average interest rate of the first home loan is 5.43%, which is 1. 1 1 times of the benchmark interest rate, but the interest rates in different cities are different. For example, Shanghai's first home loan interest rate is 5. 16%, Guangzhou is 5.55%, Beijing is 5.47%, Kunming is 5.39%, Fuzhou is 5.4 1%, and Dalian is 5.39%.
Second, what should I pay attention to when buying a house with a loan?
1. Apply for a mortgage according to your ability.
Many people think that the more loans, the better. This is a wrong thinking, because the mortgage is to be repaid. The more loans, the more interest you have to pay. Therefore, the loan amount should be selected according to your own situation, so that the pressure of paying interest every month will not be so great.
2. Prepare loan information in advance.
When you take out a loan, you have to hand in a lot of materials and prepare in advance, which makes the loan more convenient. Loan materials, such as the lender's identity certificate, house purchase contract, social security related certificates, etc. Secondly, if the credit card has a bad record, then the bad record should be eliminated first, or relevant certificates should be issued.
Provide true information
The information provided to the bank must be true. If the false information is detected by the bank, the loan will be terminated, and the developer will bear the responsibility for breach of the pre-sale contract and pay a certain penalty.
4. Don't use the provident fund before applying for a loan.
If the lender uses the balance in the provident fund before the loan, the balance in the provident fund will become zero, which means that the loan amount is zero and the loan cannot be made, so the provident fund cannot be used before the loan.
What's the interest rate for the first home loan?
Now basically every family can buy a house, not because there are many people, but because there are loans to buy a house. Buyers only need to pay a certain down payment, and the rest of the house can be loaned to the bank. This policy provides convenience for families with housing needs and insufficient funds, but they must pay relevant interest when choosing a mortgage loan to buy a house. Generally, the loan interest rate for buying the first suite will be lower than that for the second suite, so what is the interest rate for the first home loan? Let's take a look with Bian Xiao.
1. What's the interest rate for the first home loan?
1, commercial loan, the average interest rate for applying for commercial loan to purchase the first suite is about 5.38%, and 5%-20% is implemented on the basis of the benchmark interest rate of 4.90%. Of course, there are also some gaps in the adjustment of local policies and banks; 2. Provident fund loans. It is fixed to apply for a provident fund loan to buy the first suite. The interest rate of loans for more than five years is 3.25%, and the annual interest rate of loans for less than five years is 2.75%.
Second, what are the benefits of being the first suite?
Each region has different standards for the identification of the first suite, which can be divided into three ways: house recognition, loan recognition, loan recognition and house recognition. Once the first suite is confirmed, there will be many preferential policies when applying for a loan. The first advantage is that the down payment ratio is low, which is very important for buyers with insufficient down payment. Generally, the down payment for the first suite only needs about 30% of the total house price.
Secondly, it is more favorable in terms of loan interest rate. Generally speaking, the loan interest rate of the first suite is determined according to the benchmark interest rate or the floating interest rate of 10%, while the loan interest rate of the second suite will rise by 20%. If it is recognized as the first suite, the deed tax will be less, and only 1% will be levied for the purchase of houses below 90 square meters.