Many people are ecstatic to see the news that the mortgage interest rate has been lowered this year, but after carefully reading the relevant policies, it is found that this is only a discount for new buyers, and buyers who have applied for loans before can no longer apply for bank mortgages. First, when buying a house with a loan, the contract interest rate is mostly fixed. In other words, when people borrow money to buy a house, they sign a contract with an interest rate, and that interest rate is fixed. In other words, the interest rate stipulated in the contract is the same. The monthly loan to be repaid will not change with the increase or decrease of the interest rate in the mortgage market. Because this is the spirit of a contract, for property buyers, when they see the mortgage interest rate cut, they really hope that they can participate in it and their mortgage can be reduced. But if the mortgage interest rate is raised, are you still willing to participate? So when you apply for a mortgage, there will be a contract, which will clearly stipulate the interest rate of your loan. Second, the mortgage interest rate is lowered, and those who have already borrowed will not participate in the reduction, let alone re-apply for loans. The mortgage interest rate fluctuates every year, but it does not involve the upward and downward adjustment of the mortgage interest rate. Because many mortgage loans, the interest rate is fixed within a fixed loan period, using the national standard interest rate. Unless the benchmark interest rate of the central bank is lowered, the mortgage interest rate will be lowered. Under normal circumstances, the benchmark interest rate of the central bank will not change. Moreover, the mortgage interest rate has been lowered this time, and it is only for the first suite. So many owners who bought two or even three suites no longer think about this problem. There is no way to participate in lowering the mortgage interest rate, let alone reapply for a bank mortgage. Third, mortgage is a contract signed by an individual and a bank. Re-applying for a bank loan is equivalent to tearing up the previous contract. The reason for signing the contract is to avoid the corresponding risks. If your contract with the bank is torn up subjectively, then the bank will definitely not give you a second loan, which means you can't apply for a new loan. When handling bank loans, that contract is not only binding on the bank, but also more binding on the lender. Therefore, there is no policy to encourage people to tear up signed contracts, and banks will not agree to this. But in any case, the interest rate of bank loans can be reduced, which is good news for most property buyers. However, this policy is only beneficial to new property buyers, and those who have already bought houses have no way to enjoy the corresponding interest rate adjustment.