First, the influencing factors of monthly payment:
1, loan amount
The more loans, the more monthly payments, but the less down payment. The loan amount depends on the total house price and the down payment amount in the commercial housing sales contract (the total house price is related to the price assessed by the appraisal agency).
2. Benchmark interest rate
The benchmark interest rate is not fixed, and the central bank will constantly change and adjust according to the economic situation in different periods. At present, the benchmark interest rate of commercial loans of Chinese banks is 4.9. There is no fixed adjustment time and frequency for the adjustment of the benchmark interest rate.
3. Term of the loan
The longer the loan term, the lower the benchmark interest rate and the less the monthly payment. The loan period is related to the service life of the remaining land of the house and the age of the lender. Under normal circumstances, the longest loan period of a commercial mortgage lender shall not exceed 65 years and the loan period shall not exceed 30 years. The maximum age of provident fund lenders shall not exceed the retirement age, and men shall not exceed 60 years of age and women shall not exceed 55 years of age.
Two, the loan purchase mainly includes the following types:
1. Housing provident fund loan: For residents who have already paid the housing provident fund, low-interest housing provident fund loans should be the first choice when buying a house. Housing provident fund loans have the nature of policy subsidies, and the loan interest rate is very low, which is not only lower than the loan interest rate of commercial banks in the same period (only half of the mortgage interest rate of commercial banks), but also lower than the deposit interest rate of commercial banks in the same period. In other words, there is a spread between the mortgage interest rate of the housing provident fund and the bank deposit interest rate. At the same time, housing provident fund loans are related to mortgage and insurance.
The fee will be halved when going through the formalities.
2. Personal housing commercial loans: The above two loan methods are limited to employees who have paid the housing provident fund, and there are many restrictions. Therefore, people who have not paid the housing provident fund have no chance to apply for loans, but they can apply for personal housing secured loans from commercial banks, that is, bank mortgage loans. As long as your balance in the loan bank accounts for not less than 30% of the funds needed for house purchase, and it is used as the down payment, and the assets recognized by the loan bank are used as collateral or pledge, or the units or individuals with sufficient compensation ability are used as guarantors to repay the loan principal and interest and bear joint liability, then you can apply for using the bank mortgage loan.
3. Individual housing portfolio loans: The maximum amount of provident fund loans that can be issued by the housing provident fund management center is generally1-290,000 yuan. If the purchase price exceeds this limit, the insufficient part shall apply to the bank for commercial housing loans. These two kinds of loans are collectively called portfolio loans. This business can be handled by the real estate credit department of the bank. The interest rate of portfolio loan is moderate, and the loan amount is large, which is more for the lender to choose.