The first one is uneconomical. You know, mortgage is just a guarantee, but it is actually a working capital loan. Although the interest rate of mortgage loan is high, it is actually implemented according to the loan interest rate of more than five years; Although the mortgage interest rate is low, it is implemented according to the one-year loan interest rate. The five-year loan interest rate is higher than the one-year loan interest rate. Why? Because you get liquidity. Suppose your mortgage 1 10,000, the benchmark interest rate is 20 years, and the monthly repayment is 6544 yuan; However, if it is converted into a mortgage loan, it will still cost 6.5438+0 million yuan a year. Do you have that much cash flow? Some people say that if I make a long-term consumer loan, won't it be over? Ok, let's look at the second one.
Second, it is not feasible. First of all, the amount of mortgage loans is generally very large, which is several million, while mortgage loans (actual individuals can only be consumer loans) are limited. For example, a decoration loan does not mean that you can borrow as much as you want. The bank has restrictions on the decoration standard per square meter. How can you borrow so much? As for other consumer loans, the amount is even smaller. Secondly, all loan purposes must be consistent with the application. In the first year, you can apply for a consumer loan for reasons such as decoration. Are you renovating for the next few years? Who would believe it? ! Therefore, the application is inconsistent with the actual use and the bank will not agree.
Third, talk about danger. Once the mortgage is put down, as long as you pay it back on time, there is nothing to worry about. But mortgages are different. Because the term of mortgage loan is very short, you must turn around when it expires, that is, go in and find a reason to lend it. But the question is: can you guarantee that the bank will lend you money after you go in? The credit policy of our country is changeable, and it's too late for you to regret it.
I am an empty valley in the colorful world, and I want to share my views with you.
Very honored; Can answer your question.
Bank mortgage interest rates 3.75%, the interest is really low. According to the current market situation, it should be a special business loan launched by the state to reduce the impact of the epidemic on small and medium-sized enterprises and promote enterprises to resume work and production (business loans are different from consumer loans, which are used for enterprises to expand production and operation, and consumer loans are used for tourism, furniture, household appliances, etc.). ). Then can a mortgage loan be converted into a mortgage loan?
1. This kind of loan seems to have a low interest rate. In fact, many conditions are needed to pass the application. First of all, you must have a business license and an enterprise legal person. Secondly, your credit information must meet the conditions of the bank. The applicant can't have a lawsuit, and you can't apply for a loan through the bank.
2. The repayment method of this kind of loan is different from that of mortgage house. Mortgaged houses can take 30 years of equal principal and interest, but this kind of interest-bearing business loan can last up to 3 years, because banks also have costs, and they also need to make profits. After 3 years, your loan needs to be reapplied.
3. If a new application is made after three years, the interest rate will be implemented according to the policy after three years. At that time, interest will definitely increase, and the conditions for applying for loans will also change. Even if it can pass the approval of the bank, it is necessary to find funds to cross the bridge and repay the principal before lending out. You also need to pay for the bridge. Once your application fails, you have to find new funds to repay the bank's principal, so your debt will suddenly increase, and you can only dig Peter to pay Paul to fill this funding hole. The mortgage, which can be paid back slowly every month, suddenly becomes a large sum of money, which will increase the cost of capital and bring a very adverse impact on your life.
To sum up, it is not recommended that you convert your mortgage loan into a real estate mortgage loan.
I hope my answer is helpful to you.
In practice, mortgage loans should be converted into mortgage loans through the following steps:
Assuming that there is no extra money now, there is still 6.5438+0 million yuan left in the mortgage.
Please note that there are two key points in the above process:
To sum up, the mortgage interest rate can now be converted into LPR bonus mode. If you bought a house before, I believe there is a discount. In addition, in recent years, the interest rate of LPR may drop sharply. At present, the benchmark of LPR is 4.8%. After two years, the interest rate of LPR will drop by 4 points, possibly below 3.75%. In this case, the above operation is unnecessary.
Are you kidding? Mortgage and mortgage are not the same thing, let alone conversion.
Mortgage loan is a kind of commercial loan, which is generally suitable for credit products developed by commercial institutions (legal persons) and banks due to short-term liquidity shortage. This kind of mortgage loan generally has a term of one year, pays interest on a monthly basis, and repays the principal at maturity.
Mortgage loan is a kind of consumer loan, which is generally suitable for property buyers. Because the house is a commodity, personal financial resources are limited and it is impossible to pay the house price at one time, so you can enjoy the mortgage policy according to the national policy. Mortgage loan is a kind of long-term loan with inclusive nature, which repays the principal and interest on schedule every month.
The bank mortgage interest rate is 3.75%. As a housing consumer, don't just say that the mortgage interest rate is lower than your mortgage interest rate, just say that you want to change to a mortgage loan. If you can pay off your mortgage in one year, will you still go to mortgage to buy a house? Obviously, I bought a house with a mortgage because I didn't have such a big repayment ability.
If you want to start a business and need financial support, then you can go to the bank to apply for a mortgage loan to support your dream of starting a business without mortgage. However, this does not mean that you can convert your mortgage into a mortgage.