fixed rate mortgages
Sponsoring banks: China Everbright Bank, China Construction Bank and China Merchants Bank.
Suitable for the crowd: customers whose interest rates are expected to rise in the future can avoid the risks brought by interest rate increases.
This is one of the most concerned mortgage products recently. During the loan period, no matter how the bank interest rate changes, the borrower will pay interest at the fixed interest rate agreed in the contract, and the repayment amount will not change because of the change of interest rate. On this basis, the products of China Everbright Bank, China Merchants Bank and China Construction Bank are slightly different.
Biweekly mortgage payment
Originating bank: Shenzhen Development Bank
Suitable for people: customers with relatively stable income who want to speed up the mortgage repayment and shorten the repayment cycle. Suitable for long-term mortgage, mortgage loans, such as first-hand and second-hand housing mortgage loans, monthly loans and so on.
Personal mortgage loan is changed from traditional monthly repayment to biweekly repayment, and the repayment amount is half of the original monthly repayment amount. Compared with the traditional monthly repayment method, "biweekly repayment" improves the repayment frequency and speeds up the repayment of principal, thus reducing the interest amount and total repayment amount and shortening the repayment period without increasing the borrower's monthly repayment burden.
Direct customer loan
Sponsoring banks: China Bank, China Construction Bank, China Everbright Bank, etc.
Suitable for the crowd: all buyers. However, this type of loan sets stricter audit conditions for customers and has a higher threshold.
The bank directly lends the purchase money to the buyers, so that the buyers can pay all the purchase money together with the bank loan to the developers in one lump sum. Property buyers are free to choose a bank with this business; Can enjoy a one-time payment discount (depending on different projects); Exempt the lawyer appointed by the developer from the lawyer's fee for examining the loan qualification of the buyers; Exempt from insurance fees (depending on different banks and projects); Lending speed is fast.
Mobile portfolio mortgage loan
Originating bank: Minsheng Bank, etc.
Suitable for the crowd: "young people" who just work and have unstable income.
This is a new and more flexible way of housing mortgage loan. This kind of mortgage allows customers to customize personalized repayment plans according to family income and personal investment and financial habits in different periods. During the repayment period, the repayment method can be adjusted at any time. It is convenient for the lender to flexibly adjust the repayment method according to the expected income. Compared with matching principal and interest, mobile portfolio loan can also save some interest expenses. Because the total repayment period is fixed, the lower the repayment amount, the more months there are, and the greater the repayment pressure in the later period.
Boarding refund method
Originating bank: China Merchants Bank, etc.
Suitable for the crowd: "wage earners" with relatively poor economy.
When handling the first-hand housing loan business at China Merchants Bank, customers can apply for signing an agreement with the bank. From the first month of the loan, they will only repay the loan interest for a period of time, but not the loan principal. After the agreement expires, they will repay the loan principal and interest in the form of equal principal and interest or average principal.
Relay loan
Originating bank: Agricultural Bank, etc.
Suitable for the crowd: First, the parents are older as borrowers, and the loan period is shorter according to the current regulations (borrower age+loan period ≤65), and the monthly repayment pressure is greater. I hope to extend the repayment period for co-borrower by designating children; The other is a borrower who is a child and expects to have a better income in the future, but his current income is low. According to the current regulations, the loan amount can be less. I hope I can increase the loan amount by increasing my parents as co-borrower.
When the borrower's loan period is limited or the repayment ability is limited, the borrower's relatives (parents, children and their spouses) can apply for a loan from the bank to purchase a house together with the borrower or guarantor, and the purchased house is owned by one or all parties. This means that the age limit of the original housing mortgage loan conditions has been relaxed, that is, parents can repay the housing loan with their children.
revolving loan
Sponsoring banks: Shenzhen Development Bank, China Construction Bank and China Merchants Bank.
Suitable for people: people in urgent need of capital turnover
Users only need to mortgage their house in the bank, and they can get a loan amount of 80% of the house value. During the mortgage period, they can withdraw money many times and recycle it. "Revolving loan" is aimed at the difficulty of realizing housing. Users often have the needs of investment and financial management, emergency expenses and business turnover in their lives, but it takes a long time to get loans from banks, so it is difficult to deal with emergencies. This kind of loan has a high loan amount and a long service life of 30 years. But the use is limited. If you want to get credit, you can't use it to buy futures.
Housing remortgage
Originating banks: China Bank, China Merchants Bank and China Everbright Bank.
Suitable for people: customers who have already applied for housing mortgage loans, have financing needs or want to revitalize mortgaged housing assets.
With the property mortgaged to the bank, the bank will go to the bank for re-mortgage, and the bank will evaluate the mortgaged house according to the current market situation, so as to increase a certain loan amount for customers. Loans are used to pay for housing and parking spaces (garages), large household durable consumer goods, automobiles, housing decoration and other packages of funds.