October 20th, 2010 | 
Author: Matching principal, matching the implementation of principal and interest repayment after 5 years, the mortgage repayment more and more colorful, Shenzhen Development Bank launched the “bi-weekly for the Shanghai Bank launched the” grace period, China Everbright Bank launched fixed-rate … … the public on how choose a suitable repayment and relatively economic way? Through comprehensive comparison, the 10 species currently on the market advantages and disadvantages of repayment and for people to make the following analysis:
1, major banks: equal installments of principal and interest, equal principal
Domestic banks, with more traditional adjustable rate mortgages as “matching principal and interest and” two equal principal repayment method. Equal installments of principal and interest: home buyers loan period, the amount of repayment in equal monthly principal and interest. Benefits: monthly repayment amount equal to capital expenditures to facilitate arrangements for home buyers. Disadvantages: the beginning of repayment, the interest is also the first principal less higher, the total All told, the total expenditure of interest payments in the way of all the highest. Equal installments of principal: the borrower will pay equal monthly principal and interest calculated according to the remaining principal, but also the amount of the initial large, followed by a monthly decrease. Advantages: Compared with the matching principal and interest, you can save a lot of interest. Disadvantages: the beginning of monthly payments higher. Applicable people: equal principal and interest applicable to the average income homebuyers; equal principal means applied to the strong buyers.
2, China Everbright Bank: fixed, floating rate Mutual Convert business
Fixed-rate mortgages and floating rate mortgages convert to borrowers more flexibility to avoid the risk of interest rate fluctuations, calmly arrange household spending, reduce borrowing costs, facilitate family financial management.
Benefits: to avoid the risk of interest rates. Meanwhile, with China Merchants Bank and Construction Bank of species compared, China Everbright Bank’s prime rate has been in the same industry in the lower level. Has applied to convert floating-rate fixed-rate services to customers, banks do not charge any fees. Disadvantages: For fixed-rate mortgage has been handled, and the duration of fixed-rate loans to more than 1 year in 5 years customers pay a penalty in the circumstances, to apply for a transfer to do floating-rate mortgages. Applicable people: the future of interest rates is expected to call the customer the option of fixed-rate mortgage, to avoid the risks of rising interest rates.
3, Agricultural Bank of China: Relay mortgage
As for children who purchased the property housing, either one or both parents and their children as co-borrower, Relay repayment. Popular point that is not the parents, and by the children went on.
Advantages: You can borrower age and length appropriate to extend the loans, not related to the limits.
Disadvantages: between parents and children may be due to property rights disputes, or the heirs because of the legacy of problems between the disputes.
Applicable people: children of the borrower as the expected future income is better, but low income, under the existing provisions of loanable amount less, hope that by increasing the parent as a co-borrower in order to increase the amount of loans.
4, Shenzhen Development Bank: bi-weekly for
To repayment from the original once a month, into a once every two weeks is also essential for the original amount for half of the month.
Advantages: less than the monthly interest payments, and can shorten the repayment period.
Disadvantages: not well-off or a monthly income payment of wages of borrowers who from time to time, may bring some credit risk.
Applicable people: monthly income can be divided into several accounting and adequate repayment ability, or preparations to shorten the repayment period for lenders.
5, Bank of Shanghai: a grace period of repayment
Grace period for repayment is the individual housing loan after a certain period of time stipulated in the contract, the borrower pays interest only monthly, not hand back the loan principal. When the grace period after the end of the loan amount is equal contractual debt service principal or equivalent means of principal and interest.
Advantages: may be appropriate to reduce the initial loan repayment buyers pressure to ensure that the original plan of life is unaffected.
Disadvantages: not red because of an increase in the first year repayment of principal and interest due.
Used by: buy a house and spend the funds shall bring tensions customer base.
6, Construction Bank of China: a loan-to-pass
Personal assets to help customers activate the Construction Bank launched the “one real estate mortgage loans recycled” a loan-to-Talk. Construction of the product for existing customers and personal loans apply for personal loans the bank a new customer, as long as the establishment of a personal real estate mortgage of maximum, high-quality personal customer that has a corresponding line of credit, the credit period can enjoy on-demand With the loan-to-one-stop financial services.
Benefits: Members of the public, while repayment on time, there are car, travel, and then purchase, business and other various personal finance needs, without re-apply for credit approval, credit line can be in the highest within the multiple recycling.
Disadvantages: repeated cycle of financing, but no significant preferential interest rates.
Used by: collateral loans is only one thing, but there are many loans to customers needs.
7, Minsheng Bank: Mobile portfolio mortgage
Family income situation and the personal finance and investment habits, custom personalized repayment plan. Customers only need to enter your income and personal information, bank’s computer system will provide specific repayment plan. And the repayment period, repayment can be adjusted at any time.
Advantages: easy loans to people based on their own income expectations, flexibility to adjust their method of repayment, the ability over time also, when the pressure is also less. Compared with the matching principal and interest method, mobile combination may save part of the mortgage interest.
Disadvantages: Since the total repayment period is fixed, so if the lower amount of monthly repayment more pressure will be higher payments later.
Applicable people: for fixed income consumers buy a house.
8, Bank: second-hand housing loans concessions
AC line, “your loan, you call the shots in the second-hand housing lending has introduced a number of mortgage service measures. AC line on a loan-to-client up to the implementation of five fee waiver policy, and its relief projects include: early repayment within one year fees, notary fees, commercial loan insurance, assessment fees and guarantee fees.
Benefits: reduce personal loans for the corresponding second-hand housing costs.
Disadvantages: cuts needed by housing, individuals, and the actual situation.
For the crowd: wide range of applications, in addition to high-end customers for qualification, the ordinary customer can apply to use this service to reduce the cost of second-hand housing application.
9, Bank of China: Straight off the mortgage type
“Straight-off-type mortgages known as” ahead of the mortgage, is the personal bank loans go first, and then go buy a house, bank direct loans to home buyers, developers do not need guarantees, loan amount, the proportion of the total housing fund, period and repayment methods, can be decided according to the needs of buyers.
Pros: When buying a house can handle one-time payment, so prices can often be a certain level of concession to avoid the developers and other intermediaries as “straight-off-type mortgage can save a commission fee.
Disadvantages: there is no guarantee of the borrower developers need to find a professional security company, so will pay a guarantee fee.
Applicable people: have a steady income, good credit record, the one-time payment offer more housing options for borrowers.
10, Bank of China: Loan No. 2 will be
Mortgage customers for as long as the charge on account of its application as a “mortgage banking account, if spare cash into the account, deposit balance over a certain amount by a certain percentage above be considered as part of early repayment, loan interest reduction can be achieved The purpose of expenditure. while the account itself, but also has all the features of current account, the customer may at any time withdraw from the account of some or all deposits for investment.
Advantages: hands of some spare cash, both prepayment to reduce interest payments, and can dominate any other investment benefits.
Disadvantages: early repayment of the amount is limited and the threshold set at 10 million yuan.
Applicable people: like early repayment and investment intentions have
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