Anyone who has used the provident fund to repay the mortgage knows how fragrant the provident fund loan is, but many customers cannot apply for the provident fund loan because they have not paid the provident fund and the loan ratio. Later, when I can use provident fund loans, I want to transfer from commercial loans to provident fund. Those buyers who have transferred commercial loans to provident fund, after unloading the mountain of commercial loans, the balance in the provident fund alone is enough to support the mortgage for several years.
2. Mortgage to mortgage
Mortgaging usually means that the borrower has already applied for a housing mortgage loan in Bank A, and in order to enjoy a more favorable interest rate, the mortgage handled in Bank A is directly transferred to Bank B.. For the house transferor, it is mainly necessary to provide the Application Form for Lending, the original and photocopy of valid ID card, the original loan mortgage contract and the application form for prepayment. The buyer needs to prepare all the information of ordinary mortgage and sign the transfer contract, agreement or letter of intent with the original borrower. In fact, "sub-mortgage" business is not a new thing. As early as 2008, the central bank also cut interest rates many times, which led to the situation of high interest rates standing guard. Under the pressure of the black-box operation of refinancing and the bank's preferential interest rate of 30% for the first set of customers' stock loans, the head offices of the four major state-owned banks relaxed the preferential interest rate for stock loans in early 2009: as long as it is 0.85 times of the benchmark interest rate before June 27, 2008, and there is no bad credit record, in principle, they can apply for a preferential interest rate of 30%. Other small and medium-sized banks have begun to follow suit and formulate corresponding rules to gain market share.
Since the beginning of this year, after the mortgage interest rate has been continuously lowered, some cities have begun to try the business of "remortgage".
3, mortgage to commercial loans
The operation process of mortgage to commercial loan is: first find an intermediary to borrow a sum of money to repay the mortgage. After paying off the mortgage, apply to the bank for a housing mortgage business loan, and then use the funds of the business loan to repay the bridge funds borrowed from the intermediary. Generally speaking, the loan interest rate of commercial loans is between 3.4% and 4.1%. Even so, it is far below the mortgage interest rate of 6%.
Risk: In this process, the first risk is that the operating loan amount may not be approved. At this point, the subprime lender owes a sum of money to the loan intermediary, and the interest burden will be heavier, and it will face greater repayment pressure.
The second risk is that it is illegal to repay the intermediary bridge funds with operating loan funds. Once discovered by the bank, it may be required to repay the loan in advance, which will also bring greater financial pressure to the subprime lender.
The third risk is that operating loans are usually short-term and may need to be paid off in just a few years, which also brings greater cash flow pressure to subprime lenders. Once the repayment cannot be made on time, there will be loans overdue, and personal credit will also be affected.
The fourth risk is that subprime lenders need to bear relatively high intermediary costs. Once this cost is calculated, the cost saved by refinancing itself will be greatly reduced. "
Step 4 transfer to a relative's name
The so-called transfer to a relative's name is actually the re-transaction of the house, but the loan amount here requires us to cancel the mortgage in advance, and we need to pay the deed tax and other transfer fees again. If the transaction is between husband and wife, the ID address cannot be the same, otherwise the operation cannot be carried out. At the same time, there will be more such operations recently. Once the bank finds out, it may not lend! What are the risks? 1. At the legal level, there is no problem of turning from real to false. No matter what the reason, as long as the transfer, the house is the owner. 2. If your own house is completed and handed over to relatives, then he is the owner+head of the house. It is protected by law. If he doesn't agree to return it in the future, it will cause many disputes.
Therefore, the biggest risk of transferring relatives is that relatives may go back on their word and never return.
Step 5 change houses
Sell your current house and buy a new one, so you can enjoy the new mortgage interest rate.
But there will be risks from two aspects: First, in the long run, the current mortgage interest rate is at a historically low level, which means that the mortgage interest rate has been higher than it is now for most of the history. In case the mortgage interest rate starts to rise again after you sell your house, it's not worth the candle.
6. Apply for a lower interest rate
House slaves can see whether the mortgage interest rate in their mortgage contracts is fixed or floating. If it is a floating interest rate, you can apply to the bank to lower the mortgage interest rate. However, I believe there are many people who apply for lowering the mortgage interest rate. I'm afraid you still have to queue up!
I believe that there are not a few house slaves whose mortgage interest rate is 5%-6%, and everyone doesn't want to pay more mortgage interest rate. However, it is not easy to reduce the mortgage interest rate, and more research is needed.