In the market wait-and-see period, the demand for owner-occupied home buyers who want to buy a set with the real estate, a cautious approach on the choice of loan has become the most crucial step. In personal mortgage business for the thin market conditions, some banks have introduced a new mortgage. Beijing Zhongyuan 3 market research professionals summary of the characteristics of various loan approach, suitable for the crowd and the situation on the hope that the needs of your house purchase loans to help.
Judging from the current situation, consumers are commonly used means of matching the repayment of principal and interest, matching the principal, and biweekly for fixed-rate mortgage in four ways, each has its own different way of repayment characteristics and the application of the crowd.
Four loan application form the crowd, the competition features
Matching items matching the principal and interest of the principal
Defined in the loan repayment period, the same amount each month to repay principal and interest. The borrower will repay equal monthly principal and interest calculated in accordance with the remaining principal, the amount of more early next month decline.
For the crowd
Applicable to a more stable income consumers. Greater pressure on the early repayment, in the present-on-hand for the relatively well-off consumers.
Merits of the monthly amount equal to facilitate buyers for capital expenditure. Compared to the principal and interest and matching, you can save a lot of interest payments.
Shortcomings of repayment beginning stage of the first and principal less interest more, the overall Suanxia Lai, interest total expenditure is the highest of all in the way of repayment. Repayment of the beginning stage for a relatively high.
Fortnight project for a fixed-rate mortgage
Definition refers to the repayment of mortgage loans from the monthly repayment adjustment for repayment once every two weeks, on its repayment amount of about half the amount. In the individual and the bank signed loan contracts, the agreement is good within a certain period of the borrower or how changes in market interest rates, borrowers have agreed to pay interest rates of personal housing loans.
Fortnight for repayment due to increased frequency, so it more suitable for the economic stability and higher-income customers, is not suited to rely on loans to pay rent to customers. Apply to those on the more sensitive the market interest rate changes, a certain judgement of the crowd, the upward trend in market interest rates more obvious choice for the case of fixed-rate mortgage.
For the crowd
Biweekly repayment for the advantages of increased frequency, or early repayment, to strengthen the loan principal to reduce speed, reduce the amount of interest payments, 2) the same as the loan amount, biweekly for the amount of interest as to reduce the proportion of the loan period increased , That is, the longer the duration of loans, interest savings more. Fixed-rate mortgage can help guard against interest rate risk buyers, to avoid future changes in interest rates when interest payments triggered by the uncertainty.
Each year there will be individual shortcomings in the repayment of three times, to a certain extent, an increase of the repayment pressure. Under normal circumstances, fixed-rate mortgage interest rate level is higher than that of adjustable-rate mortgages, fixed-rate mortgage is expected to save money on future market interest rates will be substantially more than the increase in interest rates in the market to maintain stable period, fixed-rate Mortgages also spending more risk.
A set of 400,000 yuan loans to housing as an example, belong to the bank and a housing loan, the interest rate by 6.66 percent, adopt a different approach, for the repayment, interest payments are as follows:
Unit: yuan
5-year repayment methods 10
, For the (yuan) and interest (million), for the (yuan) and interest (yuan)
Matching the principal and interest 7,856.4771,388.324,574.55148,946.05
Matching the principal first month 8,886.67 yuan, after the monthly decline, last January 6,703.67 yuan 67,710.00 first month 5,553.33 yuan, after the monthly decline, last January 3,351.83 yuan 134,310.00
Fortnight for the Fortnight to 3,312.50 for the yuan, equivalent to about 6,625 yuan for the month 80,311.85 to 2,295.87 biweekly for the yuan, amounting to 4591.74 yuan, for about 132, 642.01
Fixed-rate 7,879.0372,741.624,629.92155,590.61
Four of the highest interest rate - the lowest 12601.8522948.6
Repayment methods 20 30
, For the (yuan) and interest (million), for the (yuan) and interest (yuan)
Matching the principal and interest 3,020.09324,821.762,570.51525,380.79
Matching the principal first month 3,886.67 yuan, after the monthly decline, last January 1,675.92 yuan 267,510.00 first month 3,331.11 yuan, after the monthly decline, last January 1,117.28 yuan 400,710.30
Fortnight for the Fortnight to 1,509.89 for the yuan, amounting to about 3019.78 yuan, for 276,428.65 for the biweekly 1,276.73 yuan, equivalent to about 2553.46 yuan, for 423,486.80
Fixed-rate 3,241.97378,071.60 ----
Four of the highest interest rate - the lowest 110561.6124670.49
By-laws: China Everbright Bank, fixed-rate mortgage interest rate cut after the concession: 5-year 6.78 percent; 10 6.93%; 20 7.58 percent, the maximum period of 20
(The above information from the Beijing Central Plains three market research provided by the Department for reference)
Can be seen through the table:
Fixed interest rate is expected to prevent future risk of high interest.
For fixed-rate mortgage can help guard against interest rate risk buyers, to avoid future interest rate changes caused by the uncertainty of interest payments, fixed-rate mortgage interest rate level is higher than that of adjustable-rate mortgage, there was a fixed interest rate loan To pay by way of general interest to the total higher than the current market rate of interest under the circumstances.
Not consider the risk of interest rates, loan interest for five years the maximum fortnight, the principal and interest of more than five years of matching the highest form of interest payments.
In matching the principal and interest, matching the principal, a biweekly repayment for the law, from the perspective of the total interest payment, loan interest for five years the maximum biweekly 80311.85 yuan; principal and interest of more than five years of matching the highest form of interest expenditure. For 400,000 yuan loan, the interest rate of 10 spending 148,946.05 yuan, 20 yuan expenditure interest amounted to 324,821.76; 400,000 yuan of loans to the same example, the 30-year, matching the principal use of matching the principal and interest than savings interest Of 124670.49 yuan.
Matching principal and Fortnight, which for comparison with the cost-effective way of the loan period.
For 400,000 yuan loan, the loan in 10 Fortnight way for interest payments equal less than the principal, interest savings 1667.99 yuan; loans five years, 20 deadline to pay the principal amount equal to less than bi-monthly interest for the way , The five-year savings interest 12601.85 yuan, 20 savings interest 8918.65 yuan.
The above analysis is the amount of 400,000 yuan of bank loans under the premise, based on the current real estate market interest rate of 6.66 percent calculated on different forms of repayment for (or biweekly for) and interest, property buyers in loans, according to Their need for loans and the amount of market interest rates, the specific terms of the different methods of repayment for the loan repayment and interest, based on specific data on the various repayment methods were compared.
Judging from the current situation, consumers are commonly used means of matching the repayment of principal and interest, matching the principal, and biweekly for fixed-rate mortgage in four ways, each has its own different way of repayment characteristics and the application of the crowd.
Four loan application form the crowd, the competition features
Matching items matching the principal and interest of the principal
Defined in the loan repayment period, the same amount each month to repay principal and interest. The borrower will repay equal monthly principal and interest calculated in accordance with the remaining principal, the amount of more early next month decline.
For the crowd
Applicable to a more stable income consumers. Greater pressure on the early repayment, in the present-on-hand for the relatively well-off consumers.
Merits of the monthly amount equal to facilitate buyers for capital expenditure. Compared to the principal and interest and matching, you can save a lot of interest payments.
Shortcomings of repayment beginning stage of the first and principal less interest more, the overall Suanxia Lai, interest total expenditure is the highest of all in the way of repayment. Repayment of the beginning stage for a relatively high.
Fortnight project for a fixed-rate mortgage
Definition refers to the repayment of mortgage loans from the monthly repayment adjustment for repayment once every two weeks, on its repayment amount of about half the amount. In the individual and the bank signed loan contracts, the agreement is good within a certain period of the borrower or how changes in market interest rates, borrowers have agreed to pay interest rates of personal housing loans.
Fortnight for repayment due to increased frequency, so it more suitable for the economic stability and higher-income customers, is not suited to rely on loans to pay rent to customers. Apply to those on the more sensitive the market interest rate changes, a certain judgement of the crowd, the upward trend in market interest rates more obvious choice for the case of fixed-rate mortgage.
For the crowd
Biweekly repayment for the advantages of increased frequency, or early repayment, to strengthen the loan principal to reduce speed, reduce the amount of interest payments, 2) the same as the loan amount, biweekly for the amount of interest as to reduce the proportion of the loan period increased , That is, the longer the duration of loans, interest savings more. Fixed-rate mortgage can help guard against interest rate risk buyers, to avoid future changes in interest rates when interest payments triggered by the uncertainty.
Each year there will be individual shortcomings in the repayment of three times, to a certain extent, an increase of the repayment pressure. Under normal circumstances, fixed-rate mortgage interest rate level is higher than that of adjustable-rate mortgages, fixed-rate mortgage is expected to save money on future market interest rates will be substantially more than the increase in interest rates in the market to maintain stable period, fixed-rate Mortgages also spending more risk.
A set of 400,000 yuan loans to housing as an example, belong to the bank and a housing loan, the interest rate by 6.66 percent, adopt a different approach, for the repayment, interest payments are as follows:
Unit: yuan
5-year repayment methods 10
, For the (yuan) and interest (million), for the (yuan) and interest (yuan)
Matching the principal and interest 7,856.4771,388.324,574.55148,946.05
Matching the principal first month 8,886.67 yuan, after the monthly decline, last January 6,703.67 yuan 67,710.00 first month 5,553.33 yuan, after the monthly decline, last January 3,351.83 yuan 134,310.00
Fortnight for the Fortnight to 3,312.50 for the yuan, equivalent to about 6,625 yuan for the month 80,311.85 to 2,295.87 biweekly for the yuan, amounting to 4591.74 yuan, for about 132, 642.01
Fixed-rate 7,879.0372,741.624,629.92155,590.61
Four of the highest interest rate - the lowest 12601.8522948.6
Repayment methods 20 30
, For the (yuan) and interest (million), for the (yuan) and interest (yuan)
Matching the principal and interest 3,020.09324,821.762,570.51525,380.79
Matching the principal first month 3,886.67 yuan, after the monthly decline, last January 1,675.92 yuan 267,510.00 first month 3,331.11 yuan, after the monthly decline, last January 1,117.28 yuan 400,710.30
Fortnight for the Fortnight to 1,509.89 for the yuan, amounting to about 3019.78 yuan, for 276,428.65 for the biweekly 1,276.73 yuan, equivalent to about 2553.46 yuan, for 423,486.80
Fixed-rate 3,241.97378,071.60 ----
Four of the highest interest rate - the lowest 110561.6124670.49
By-laws: China Everbright Bank, fixed-rate mortgage interest rate cut after the concession: 5-year 6.78 percent; 10 6.93%; 20 7.58 percent, the maximum period of 20
(The above information from the Beijing Central Plains three market research provided by the Department for reference)
Can be seen through the table:
Fixed interest rate is expected to prevent future risk of high interest.
For fixed-rate mortgage can help guard against interest rate risk buyers, to avoid future interest rate changes caused by the uncertainty of interest payments, fixed-rate mortgage interest rate level is higher than that of adjustable-rate mortgage, there was a fixed interest rate loan To pay by way of general interest to the total higher than the current market rate of interest under the circumstances.
Not consider the risk of interest rates, loan interest for five years the maximum fortnight, the principal and interest of more than five years of matching the highest form of interest payments.
In matching the principal and interest, matching the principal, a biweekly repayment for the law, from the perspective of the total interest payment, loan interest for five years the maximum biweekly 80311.85 yuan; principal and interest of more than five years of matching the highest form of interest expenditure. For 400,000 yuan loan, the interest rate of 10 spending 148,946.05 yuan, 20 yuan expenditure interest amounted to 324,821.76; 400,000 yuan of loans to the same example, the 30-year, matching the principal use of matching the principal and interest than savings interest Of 124670.49 yuan.
Matching principal and Fortnight, which for comparison with the cost-effective way of the loan period.
For 400,000 yuan loan, the loan in 10 Fortnight way for interest payments equal less than the principal, interest savings 1667.99 yuan; loans five years, 20 deadline to pay the principal amount equal to less than bi-monthly interest for the way , The five-year savings interest 12601.85 yuan, 20 savings interest 8918.65 yuan.
The above analysis is the amount of 400,000 yuan of bank loans under the premise, based on the current real estate market interest rate of 6.66 percent calculated on different forms of repayment for (or biweekly for) and interest, property buyers in loans, according to Their need for loans and the amount of market interest rates, the specific terms of the different methods of repayment for the loan repayment and interest, based on specific data on the various repayment methods were compared.
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