The method of converting high-interest mortgage into low-interest loan is as follows:
1, increase the down payment price. For many property buyers, buying a house in full is undoubtedly the most worry-free operation, because buying a house in full means no need for bank loans. Since there is no bank loan, there is no mortgage.
But there are many problems in buying a house in full! In this era of high housing prices, a suite will cost one or two million at a time, not to mention the housing prices in first-tier cities, which can be said to be outrageous! Although you don't need to buy a house in full, you can increase the down payment and reduce the burden of repayment in the future if conditions are sufficient.
2. The borrower's credit. Buying a house to apply for a mortgage now will be based on your credit situation! Generally, the mortgage interest rate given by different borrowers will be different. If your loan application conditions are poor, then the mortgage interest rate may be quite high! For this problem, family members with relatively good family conditions can apply for mortgages, which may lead to a lower mortgage interest rate, which is equivalent to a lower mortgage interest rate in disguise.
With the increasing phenomenon of mortgage application, the problem of personal credit information is also taken a fancy to now, so if you have the need to buy a house, you must pay attention to keeping your personal credit information good at ordinary times.
Can personal mortgage be converted into commercial mortgage?
This rarely happens. Usually, the mortgage loan when an individual buys a house belongs to the nature of mortgage. However, commercial mortgage loan belongs to the capital demand that individuals need when running company affairs or other businesses, and the mortgaged assets can be mortgaged in banks. The nature of the loan is a company loan, and the two sides are very different. The biggest difference is that although the loan channels are the same, the money is used in different directions.
First, this change is slightly unfavorable to the direction of interests.
In terms of loan interest, the interest of personal mortgage loans is much lower than that of commercial mortgage loans, and few people will turn low interest into high interest loans, unless a certain area has a special discount on commercial loans, so they can lend money with little interest. In this case, lending can save a lot of interest and enjoy interest subsidies.
Second, this transformation can be done through a third-party organization.
If you really want to turn the mortgage into an operating loan, you can find a loan from a third-party institution and pay off the mortgage at one time. After paying off the house price, you can mortgage the mortgage to the bank, convert it into an operating loan, and then return part of the loan to the third party.
Third, it is recommended not to change the loan method as much as possible.
For mortgage loans and commercial loans, the difference between them lies in the direction of the use of funds. If banks use loopholes to lend, on the one hand, they will be easily discovered by banks and will not lend. Secondly, if the interest charged by third-party institutions is too high, it is easy to cause economic losses in the process of changing the loan method. Try to raise funds through your own methods first, pay off the mortgage afterwards, and then mortgage the house that has already paid off the mortgage to the bank for commercial loans. When making a commercial loan, you should clearly know the time, amount and interest of payment.
What does the car loan conversion rate mean?
Percentage or fraction of reactants. Automobile refers to a transport vehicle powered by combustible gas, and also refers to a vehicle powered by its own equipment. The conversion rate of automobile loan refers to the percentage or fraction of reactants. If there is more than one reactant, the conversion calculated according to different reactants is different.
What conditions need to be met when a mortgage loan is converted into a provident fund loan?
According to relevant regulations, mortgage can be converted into provident fund loans, but some relevant conditions need to be met:
1. The applicant has continuously paid the provident fund for at least 6 months.
2. The applicant must be the original borrower or spouse, and the application of others is invalid.
3. Apply to the bank to settle the loan in advance, and the bank agrees to handle the next business.
4. The mortgage loan repayment shall be no less than 65,438+0 years, with a good credit record and no overdue behavior.
5. The borrower guarantees that the purchased property has the property ownership certificate, and the previous person has not applied for the housing provident fund loan.
6 provident fund loan amount shall not exceed the maximum amount and the original mortgage loan balance.
After the above six conditions are met, the transformation can be carried out, and the following related materials need to be prepared:
1. ID card: the original and photocopy of the ID card of the applicant and spouse.
2. Household registration book: the original and photocopy of the household registration book of the applicant and spouse.
3. Marriage certificate: the original and photocopy of the applicant's marriage certificate, and relevant certificates are required for unmarried or divorced.
4. Application approval form: application approval form for housing provident fund loan.
5. Mortgage contract and loan certificate: the original loan mortgage contract, loan certificate and other related materials.
6. Real estate license, deed tax certificate and land certificate: the originals and copies of real estate license, deed tax certificate and land certificate are required.
7. Sales contract: the original and photocopy of the sales contract for commodity (economic) houses or the sales contract for stock houses.
8. Registration Form: one original and one copy of the house mortgage registration form.
After meeting the above conditions and preparing the above information, you can go to the relevant departments to handle the mortgage-to-provident fund loan.