1, buy a house according to the commercial loan.
The common ways to borrow money to buy a house are provident fund loans and commercial loans, in which the interest rate of provident fund mortgage is based on the benchmark interest rate of individual provident fund loans, and the downward interest rate is LPR interest rate, so the interest rate of provident fund mortgage has little effect. However, the interest rate of commercial loans may be accompanied by the decline in interest rates, and the monthly supply will be reduced accordingly.
2. The housing loan shall be subject to LPR interest rate.
From 20 19 10 8, new commercial loans are priced according to the LPR+ fixed benchmark in the same period of the last month, and existing mortgages can also be priced according to the LPR interest rate. Borrowers can also check the current housing loan pricing method in the loan contract and determine the LPR interest rate to be implemented, so that they can wait for the monthly supply to decrease.
3. The interest rate dropped before repricing.
Only the falling interest rate before repricing will affect the change of housing loan interest rate. Since the housing loan interest rate is adjusted once a day, the adjustment time is the main pricing day, drawing on the LPR of the same period last month. Note that there are generally two kinds of repricing dates, one is 65438+ 10/month 1 year, and the other is the lending date, which will actually be marked in the loan contract.
For example, if the borrower buys a house based on a commercial loan, and the LPR is 4.65% for five years when buying a house, and the benchmark given by the financial institution is 180, then the established housing loan interest rate when buying a house with a loan is 4.65%+ 1.8%=5.45%, and the repricing number is 1.65438 per year.
When the housing loan was repriced on June 65438+1October 65438+1October 0, 2023, the five-year LPR was reduced to 4.30%, so the interest rate of new housing loans in 2023 was 4.30%+1.8% = 5./kloc-0.
The following methods can also reduce the monthly payment of 1 and transfer to public business.
After buying a house with a commercial loan, if the borrower meets the requirements of provident fund mortgage very well and can turn his business into corporate, the interest rate will be implemented according to the provident fund mortgage interest rate. The mortgage interest rate of the provident fund will be lower than that of commercial loans, which is equivalent to lowering the interest rate and reducing the monthly supply.
Note that a commercial bank must first consult the permission of the original commercial loan bank, and then apply for a loan from the relevant housing provident fund center, and then settle the remaining principal of the original commercial loan by self-financing, and the credit line cannot be higher than the remaining amount of the original commercial loan, which is actually in accordance with the local provident fund regulations.
2. Repay in advance.
If the borrower can't pay off the mortgage in advance at one time, it's better to pay back in advance. At that time, the bank will reduce the borrower's monthly loan amount from 1. The repayment period (by stages) will be reduced; 2. The loan amount is reduced, and the repayment period (by stages) remains unchanged. If you choose a repayment method as the late loan at will, the borrower's best choice is the second month, and the interest rate will not change because of the decrease of the remaining repayment amount.
Note that it is necessary to repay some of its own funds in advance. The borrower can't repay the loan with the money obtained from other loans, but must use the assets obtained from the family's reasonable income or withdraw the balance of the borrower's and spouse's provident fund to repay the commercial loan.
If you choose to withdraw the provident fund, you must have a good credit report from the borrower, and there is no personal behavior in loans overdue. Moreover, the deposit and payment of personal provident fund are normal, and there is no phenomenon of payment suspension or deferred payment. The acquisition frequency is generally once a year, and the acquisition amount shall not exceed the repayment credit line at this stage.
Is it worth paying off the mortgage in advance before applying for it? unworthy
The reason is:
1. If the mortgage loan is settled in advance, it is estimated that additional liquidated damages will be paid.
The amount of liquidated damages is generally related to the time to repay the mortgage in advance. The closer to the loan, the more contract liquidated damages will be paid. For example, if the mortgage is repaid more than half a year in advance, the cost of the contract penalty will not exceed the normal loan interest rate of 6 months at most, which is actually based on the loan contract.
2. Generally, there are more interest expenses for prepayment of housing loans.
For example, if you repay in advance after years of normal repayment, you will definitely need to pay the liquidated damages of the prepayment contract. However, the loan interest rate has been repaid by more than half, and the remaining loan interest is not much. It seems meaningless to prepay, which will not save much loan interest, but will continue to increase the repayment pressure of refinancing.
3. The loan period of the second mortgage loan is slightly shorter.
Generally, the term of house mortgage loan is at most 30 years, while the longest term of house mortgage loan is generally 10 year. If the 30-year mortgage is paid off in advance in one lump sum, it will be reduced to 10 year. The same credit funds will have a certain degree of repayment pressure on borrowers, which is obviously greater, so it is not cost-effective to apply for mortgage loans again.
4. The interest rate of refinancing mortgage loan is generally higher than that of mortgage loan.
If the housing mortgage loan is a provident fund mortgage loan, the interest rate is extremely low, with an annual interest rate of 3.25% for more than five years; If it is a commercial housing loan, the lowest loan interest rate can be LPR-0.2% in the same period. For example, after the five-year upgrade in August 2022, the LPR is 4.3%, and the loan interest rate can reach at least 4. 1%.
The interest rate of housing mortgage loan is likely to be lower than 4% in 1 year if it is a personal business loan, but the loan interest rate is generally above 6% for loans with a loan term of five years or more, and the mortgage interest rate will be higher than that of housing, so it is not necessary to pay off the mortgage in advance before applying for housing mortgage loan.
5. You may not be able to apply for a mortgage loan after paying off the mortgage in advance.
To apply for personal mortgage loan, you need to submit business license, business premises, tap water and other related materials, and mortgage needs to give the house ownership certificate.
This means that there must be enough bridge assets to pay off the mortgage in advance and get back the house ownership certificate, and then some operating raw materials are needed to confirm the loan purpose. If there is fraud in violation of the regulations in this process, it may be prosecuted to the court for punishment, which is both fiddling and futile.