Since March 2020, many banks have started to contact individual housing loan customers to re-sign loan contracts and convert the pricing benchmark of loan interest rate into LPR. So, should all mortgages be converted into LPR? Will all mortgages be converted into LPR in 2020? No, not all mortgages have to be converted into LPR. Converting the mortgage contract into LPR is only applicable to the mortgage contract signed with the bank before June 65438+10/October 65438 +0, 2020. The contract is priced with reference to the benchmark loan interest rate, and the floating interest rate is implemented. And mortgage interest rate conversion is not only an option to convert to LPR, but also a fixed interest rate. In addition, LPR's mortgage may not be converted into a provident fund mortgage, and it may be implemented with a fixed interest rate mortgage or a mortgage that has been in the last repricing cycle. If it is a combination of provident fund and commercial loan, it is necessary to change the mortgage contract of commercial loan.