1. Loan mortgage
(1)LPR floating interest rate
The user's mortgage interest rate is subject to LPR floating interest rate, and there is no need to actively apply for adjustment. On the repricing date, the bank will recalculate the user's mortgage interest rate in the next pricing cycle according to the monthly LPR of the previous repricing date. As long as the LPR of the last month of repricing is indeed lower than the LPR of the mortgage interest rate, the user's mortgage interest rate will be adjusted accordingly. Therefore, the user's mortgage interest rate is subject to LPR floating interest rate, and there is an opportunity to adjust the mortgage interest rate in the future.
(2)LPR fixed interest rate
The user's mortgage interest rate is subject to LPR fixed interest rate, and it is not allowed to actively apply for adjusting the mortgage interest rate. The bank will not automatically adjust the user's mortgage interest rate. The fixed interest rate of LPR means that the mortgage interest rate will not change during the mortgage term. No matter how LPR is adjusted, the mortgage interest rate of users will remain unchanged. The mortgage interest rate is determined by LPR. The advantage of this is that when LPR increases, the mortgage interest rate of users will not increase. However, its disadvantage is also obvious, that is, when LPR is lowered, the user's mortgage interest rate cannot be lowered.
2. Mortgage in application
(1) No mortgage contract has been signed.
The user is applying for a mortgage loan. As long as the mortgage contract is not signed, the bank has a high probability of setting the user's mortgage interest rate directly according to the new LPR, and the user does not need to apply for adjustment on his own initiative. The bank has not made adjustments, and users can also apply for adjustments. After actively applying for adjustment, whether the bank adopts it shall be subject to the bank's reply. After all, different banks have different specific regulations, which shall prevail.
(2) The mortgage contract has been signed.
The user has signed the mortgage contract. LPR has been lowered before the loan is issued. Whether the user's mortgage interest rate will be lowered depends on whether the bank allows the user to re-sign the mortgage contract according to the new LPR. If the bank informs the user to re-sign the mortgage contract, the user's mortgage interest rate will be implemented according to the new LPR. If the user is not informed to re-sign the contract, the mortgage interest rate will not be adjusted, and the interest rate agreed in the previous mortgage contract will still be implemented.
3. Provident fund loans
Users are applying for provident fund loans, or provident fund loans have been liberalized, LPR is lowered, and the interest rate of users' provident fund loans will not be adjusted. The interest rate of provident fund loans is influenced by the benchmark interest rate of provident fund loans. Only when the benchmark interest rate changes will the interest rate of provident fund loans change accordingly. Moreover, LPR only affects the interest rate of commercial loans, and provident fund loans are not affected. As the interest rate of provident fund loans is lower than that of commercial loans, users are advised to apply for provident fund loans first if they meet the conditions of provident fund loans. If the provident fund loan amount is insufficient, you can try to apply for a portfolio loan. For commercial loans in portfolio loans, as long as the floating interest rate of LPR is implemented, LPR will be adjusted, and the mortgage interest rate of subsequent commercial loans will be adjusted accordingly.
It can be seen that whether the user's mortgage interest rate will be adjusted after LPR adjustment should be discussed in various situations. In fact, LPR has both advantages and disadvantages in adjusting mortgage interest rate. The advantage is that the mortgage interest rate may decrease in the future, and the disadvantage is that the LPR will increase and the mortgage interest rate will also increase.
legal ground
Article 3 of the Notice of the People's Bank of China and China Banking Regulatory Commission on Strengthening the Credit Management of Commercial Real Estate.
Commercial banks should, according to the principle of honesty and trustworthiness, require borrowers to truthfully fill in the loan information related to the purchase of the first home in the housing loan contract. If the first self-occupied house is purchased with a construction area of less than 90 square meters, the down payment ratio of the loan (including local and foreign currency loans, the same below) shall not be less than 20%; Purchase the first set of self-occupied housing with a building area of over 90 square meters in Xing Tao, and the down payment ratio of the loan shall not be less than 30%; If you have used the loan to purchase a house and apply for the purchase of a second house (inclusive), the down payment ratio shall not be lower than 40%, and the loan interest rate shall not be lower than 1. 1 times of the benchmark interest rate of the same grade in the same period announced by the People's Bank of China. Moreover, the down payment ratio and interest rate of loans should be greatly increased with the increase of housing units, and the specific increase rate should be determined by commercial banks independently according to the relevant principles of loan risk management, but the monthly expenditure of borrowers to repay housing loans should not be higher than it.