If you use LPR interest rate loans, the floating mortgage interest rate will have an impact on property buyers, while if you use fixed interest rate loans, the floating mortgage interest rate will have no impact on them. Referring to LPR pricing, the existing mortgage interest rate will be calculated in the form of LPR plus integral. If the mortgage interest rate rises, its interest rate will also rise, and the repayment amount of the loan will also increase. The advantage is that when the LPR interest rate drops, the mortgage interest rate will also drop, and the mortgage repayment amount will also decrease.

The fixed interest rate is used to repay the loan at the interest rate signed by both parties. Whether the LPR interest rate rises or falls, it has nothing to do with the fixed interest rate, and the repayment amount of the mortgage will not increase or decrease.

Other mortgage interest rate knowledge.

For borrowers, if the current mortgage execution interest rate is higher than LPR, when LPR rises in the future, the method of adding and subtracting points is more favorable; When LPR decreases, the floating multiple method is more favorable. If the current interest rate is lower than LPR, the floating multiple method is more favorable when LPR rises in the future; When LPR decreases, the method of adding and subtracting points is more favorable.

18 LPR quotation banks are all of the same type, with strong influence, credibility and pricing power, and need to quote the best customers according to the bank's loan interest rate. In other words, the quotation of the quotation bank is supported by real transactions.

Refer to the above? People's Network -LPR or fixed interest rate, which is more cost-effective?