First, use a fixed interest rate. When the interest rate starts to rise and reaches the interest rate level when applying for a loan, it will be settled in advance. Then you can fully enjoy the dividend of the downward interest rate and will not be affected by the upward interest rate.
If you don't intend to prepay at all, then I suggest floating interest rates. No one can predict how interest rates will change in the next twenty or thirty years. Since I don't know how to change it, I might as well adjust my monthly payment according to the economic trend of the country.
Second, whether it is troublesome to change the repayment amount and adopt floating interest rates. As the name implies, when the LPR interest rate changes, the mortgage interest rate will also change accordingly. When the mortgage interest rate changes, the repayment amount will also change. The repayment amount should be changed at least once a year.
Third, no one can guarantee whether it is more or less, but because the LPR interest rate will change every month, the monthly difference of LPR interest rate will not change much, it will change by 5 basis points. But if you put it into the interest rate difference of LPR in different years, the situation may be very different. It also has a great impact on the monthly payment of customers. If there is a change of 5 basis points every month, it will change by up to 60 basis points a year. Suppose the mortgage interest rate is 4.9% this year and the loan amount is 654.38+0 million, and the mortgage interest rate will be 5.5% next year, which is quite different from 370 yuan.
Fourthly, if you think this change is inconvenient and often ignore the repayment amount, you can consider fixing the interest rate and keep it unchanged for the rest of your life.
Fifthly, according to the regulations of the People's Bank of China, banks can negotiate with customers whether to adopt fixed or floating interest rates. Since it is a negotiation, both customers and banks have the right to express their opinions. The customer wants a fixed interest rate, but the bank doesn't agree, so it is still impossible to sign the contract. According to my experience, banks generally require customers to sign floating interest rates. Because according to the management, banks require floating interest rates for loans with a term of more than five years. Even if you don't agree, the bank will try its best to ask customers to sign a floating interest rate.
5. If you want to repay in advance, it is recommended to adopt a fixed interest rate; If you don't want to change the interest rate once a year, please choose a fixed interest rate. The final interest rate will still be determined through consultation and discussion with banks.