The mortgage interest rate has dropped. Will the previous loan drop? The mortgage interest rate has dropped. Whether the loan interest rate will drop before depends on the specific situation. If you chose a fixed interest rate when applying for a mortgage in the past, the mortgage interest rate you applied for will remain unchanged regardless of whether the mortgage interest rate rises or falls, and will not be affected by the decline in mortgage interest rate. If you chose floating interest rate when applying for mortgage in the past, the mortgage interest rate you applied for will decrease with the decline of mortgage interest rate. After the mortgage interest rate drops, the mortgage interest rate you apply for will be adjusted on the annual repricing date and with the change of mortgage interest rate.
What are the requirements for handling mortgage credit information? There can be no more than 6 bad records in the credit report. When a bank applies for a loan, it usually needs to submit some materials, such as ID card and its copy, marriage certificate, certificate of unit, certificate of salary and income, the normal flow of the bank from 6 months to 1 year, and the most important thing is the credit report. If there are too many bad records in the credit report, the bank will refuse the loan, even if it has the ability to repay.
The above is the answer to whether the mortgage interest rate can be fixed interest rate or LPR. It is best to choose LPR plus floating interest rate, because from the overall environment, the central bank's benchmark interest rate is constantly lowered.