The central bank’s announcement to lower the required reserve ratio will have a certain impact on housing loans and may reduce bank loan interest. For those who already have mortgages, the decline in the deposit reserve ratio does not directly affect loan interest rates like interest rate cuts, but most of the current real estate credit uses LPR, so the RRR cut will help push the LPR level down. This will reduce the mortgage pressure and burden of those who have mortgage loans.

After the RRR cut, the pressure on real estate companies may be reduced, and the pressure on property owners who need to buy houses and mortgages will also be reduced. This is a good aspect, which can greatly ease the financing pressure of companies, thereby enhancing their liquidity and preventing defaults. occur.

Of course, although the RRR cut will not boost the property market and stock market in the short term, the RRR cut is still needed at this stage, because the RRR cut can indeed reduce the financing costs of the whole society. After the RRR cut, it is expected that the current The LPR quotation interest rate will also fall accordingly, which will help enterprises, especially small, medium and micro enterprises, get out of the current predicament.

What are the factors that affect mortgage loans

1. Age of the borrower

All banks have strict review conditions and requirements when accepting borrowers’ mortgage applications. Applicants are aged 18-65, with 25-40 being the most popular group, followed by those aged 18-25 and 40-50. For people between the ages of 50 and 65, housing loan applications are generally not approved. Because this age group is prone to illness or other risks that affect their income, it is not easy to obtain loans.

2. Application information

Incomplete application information is one of the reasons why most home buyers are rejected for loans, because the authenticity and completeness of the information determine whether you can get the loan. the primary factor. If you provide false information, the bank will reject your application without hesitation after finding out, so don't take any chances.

3. Personal credit report

For those who apply for a mortgage, the first factor that affects the success rate is personal credit report. Only those with good personal credit scores will have the chance to pass the bank's strict approval.

4. Repayment Ability

When banks review loan applications, in addition to reviewing credit information, they also focus on the individual's repayment ability. If the loan applicant's debt is too high or the income certificate provided does not meet the bank's loan requirements, it will affect the loan approval or reduce the loan amount.