Converting mortgage interest rate into lpr means converting from fixed interest rate to adjustable interest rate. This conversion method is very cost-effective, because the mortgage interest rate is fixed after handling, even if the domestic mortgage interest rate is lowered, the mortgage will not be affected. The lpr interest rate can be adjusted every month, and the adjustment time is not fixed. You can consult your local bank for details.

Buying a house with a loan is also a major event in today's life. Many people will use loans to buy a house because they can't afford a lot of money at the moment. When buying a house, there are many ways to borrow money. We should choose the right way according to the interest rate and comparison. If the remaining loan term is less than 5 years, it is recommended to choose a fixed interest rate in order to save unnecessary trouble. Because the LPR interest rate may become higher or lower in the future, but in the short term, there is a high probability that the LPR interest rate will fall. In this case, floating interest rates will definitely be more appropriate. Floating interest rate is more detailed and complicated in calculation, which avoids interest rate risk to some extent.