① The monthly interest rate is equal to the annual interest rate divided by 12, and the annual interest rate is equal to the monthly interest rate multiplied by 12. The annual interest rate is 7.05%, which translates into a monthly interest rate of 5.875%. Generally speaking, the bank's interest rate on the contract is the monthly interest rate.
② The annual interest rate is generally%, and the monthly interest rate is generally expressed as one thousandth.
(3) If the mortgage lasts for more than one year, the mortgage will be adjusted once every June 65438+ 10/. If the interest rate is not adjusted within the time limit, the mortgage will not be adjusted. Characteristics of mortgage interest rate
① Uniform provisions on mortgage interest rate. For mortgage loans with real estate, mortgage loans should be paid at the prescribed interest rate, which is the mortgage interest rate. In 2012, the central bank issued an urgent document to the bank, demanding that the personal interest rate of the bank be reduced to 0.7 times of the benchmark interest rate.
③ Since 2013, the pressure on the mortgage family has been reduced. However, banks can float when they are executed. The mortgage interest rate is not always the same, and the interest rate has been rising. Buyers can compare the situation before and after the increase.