How to calculate the mortgage interest?
How to calculate mortgage interest: housing provident fund loan
Housing provident fund loans: For residents who have participated in the housing provident fund deposit, 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 (only half of the pawn loan 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 loan interest rate of housing provident fund and the bank deposit interest rate. When handling the relevant procedures such as pawn and guarantee together, the housing provident fund loan will be charged at a 50% discount.
How to calculate the mortgage interest? 2. Commercial loans for self-owned housing.
Self-occupied 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 to commercial banks for secured loans for their own houses, that is, bank mortgage loans. As long as the balance of your deposit in the borrowing bank accounts for not less than 30% of the funds needed for house purchase, and it is used as the down payment for house purchase, with the property recognized by the borrowing bank as collateral or pledge, or with the unit or itself that can meet the compensation ability as the guarantor to repay the loan principal and interest and bear joint liability, you can apply for a bank mortgage loan.