Mortgage Loans Also "Raise Interest Rates" &Nbsp; Three Big Money Saving Strategy Among Housing Slaves!

In December 20th, Mr. Lee went to bank ATM to deposit 3500 yuan, and returned the last mortgage loan this year.

Starting next month, due to interest rate increases, his monthly repayment amount will rise by about 100 yuan.

And along with

1 new ways of repayment

One of the new ways to save money is to change the equivalent principal and interest repayment to the equivalent principal repayment.

It is understood that more loan customers choose the same amount of repayment of principal and interest, that is, the total amount of mortgage loans.

"Saving money strategy" says that under constant interest rates, the equal principal and interest will be more cost-effective; however, under the expectation of raising interest rates, the repayment of the principal amount of the principal amount is relatively large in the initial stage, but the total interest burden is relatively small.

Reporters asked the bank that most banks now allow borrowers to convert repayment methods.

But this kind of "saving money" is not applicable to every customer.

For example, in the initial stage of repayment, the equivalent amount of principal repayment should be chosen, and more money should be paid each month. Customers should consider their financial affordability and avoid the impact of repayment pressure on life.

2 fixed rate of mortgage loans

"Money saving strategy" said that if the interest rate of fixed loans can be fixed, the cost of mortgage loans can be locked.

The so-called fixed rate mortgage, that is, within the term of the loan, no matter how the bank interest rate changes, the borrower will pay interest at the fixed interest rate stipulated in the contract.

But in fact, according to reporters, the feasibility of this approach is not strong.

As the interest rate increase is expected to rise significantly, the interest income of floating rate mortgage business exceeds the fixed rate mortgage. Therefore, in view of profit angle, many banks in Shanghai have suspended fixed interest rate loans.

A few banks that still have fixed interest rate loans, or have raised the threshold of business, or set high interest rates, or even more than 1 percentage points above ordinary housing loans, are deterring customers.

According to industry analysis, buyers need to be cautious in choosing floating interest rates to convert fixed interest rates.

Fixed interest rates are more suitable for accurate planning of future expenditures, or investors who are reasonably aware of future interest rate changes.

3 of the new strategy, there is no need to rush to repay the loan.

Others say that in the context of inflation, money is becoming more and more worthless.

Especially with the introduction of real estate control measures and tightening of bank loans, the application of mortgage loan has become increasingly difficult. The loan that the opponent has already applied for should be more treasured.

In October 27, 2008, the central bank announced that it would lower mortgage interest rates from 0.85 times the benchmark interest rate to 0.7 times.

But this good situation is gone forever. In late October of this year, Shanghai bank canceled the first mortgage interest rate of 25% off.

A few days ago, there was more news that some of the Hushang banks had completely cancelled their first suite loan preferences, and even the first mortgage loans had to implement the benchmark interest rate.

Against this background, those who have applied for 30 percent off or 20 percent off interest rate loans can repay their loans slowly. If they are paid in advance, they will be "losing money business".

[bank reminder]

Bankers remind the public that the majority of the customers who are in the loan repayment period are basically "adjusted next year" and will implement the new interest rates from January 1st next year.

For those who are accustomed to having a fixed amount of money in the card, they should deposit enough money to avoid damage to credit records.