On the evening of August 3 1, the People's Bank of official website and China issued an announcement to adjust the interest rate of commercial personal housing loans for the first suite. The following is a small collection of stock mortgage interest rates. Is it true that you can save more than 5000 yuan a year? Welcome to read and share. I hope you like it.
Is it true that the interest rate of stock mortgage can be reduced by more than 5000 yuan every year?
The policy of lowering the interest rate of stock mortgage has landed. Last night, the People's Bank of China and the General Administration of Financial Supervision jointly issued the Notice on Adjusting and Optimizing Differentiated Housing Credit Policies and the Notice on Reducing the Interest Rate of the First Home Loan in Stock, which mentioned a number of supporting policies, including reducing the down payment ratio, lowering the lower limit of the second home loan interest rate policy, and lowering the interest rate of the first home loan in stock for a long time.
This policy supports all localities to make good use of the policy toolbox because of the city's policy, and guides the actual down payment ratio and interest rate of individual housing loans to fall, so as to better meet the demand for rigid and improved housing. The industry generally expects the arrival of the upward inflection point of this round of real estate cycle.
How to calculate the mortgage interest rate?
In fact, there is no need to calculate the annual mortgage interest rate, because the annual mortgage interest rate is usually set by the bank, but the daily interest rate or monthly interest rate can be calculated through the annual mortgage interest rate. If you want to calculate the daily interest rate, divide the annual interest rate by 360 or the monthly interest rate by 30. If you want to calculate the monthly interest rate, you can directly divide the annualized interest rate by 12. If you want to calculate interest, multiply the principal by the annual interest rate of the loan to calculate the total interest generated every year. If multiplied by the daily interest rate, it is the total interest generated every day. You can consult the bank before lending.
Is the mortgage interest rate floating or fixed?
Mortgage is a floating interest rate. At present, the mortgage interest rate is based on the LPR interest rate plus basis points, and the LPR interest rate is adjusted monthly. If the LPR interest rate just adjusted last month on the repricing date of the user's loan, the mortgage interest rate of the corresponding user will also be affected.
Several different models of buying a house by loan
1. Housing provident fund loan: This kind of loan is encouraged by national policies, and the general loan interest rate is relatively low, which is lower than all other loans. For those who have already paid the housing provident fund, this is the best choice. If you choose this kind of loan, the related expenses will be halved when handling the mortgage and other procedures;
2. Personal housing commercial loan: this kind of loan is the most common loan mode, that is, to guarantee a loan through a commercial bank, you need to deposit a deposit amount of not less than 30% of the house price in the bank, and the amount can be used for the down payment of the house purchase, so you can apply for this kind of loan;
3. Personal portfolio loans: provident fund loans and commercial loans are combined to form portfolio loans, which are widely used.
Will the mortgage interest rate drop after the loan has been made?
If the mortgage interest rate falls, the mortgage interest rate of those who have already borrowed will also fall. This is because domestic personal mortgages are basically based on floating interest rates, so most mortgage contracts signed by borrowers and banks are also floating interest rates.
Because of this, when the mortgage interest rate is adjusted, the calculation of the borrower's mortgage interest rate will be adjusted accordingly, including of course the customers who have borrowed. In other words, every time the central bank cuts interest rates, the borrower's monthly payment will be reduced accordingly; On the contrary, there will be a corresponding increase.