September 16th, 2010 | 
Author: “Loan” is almost every home buyer must do. Domestic commercial banks are now widely used in the form of a floating interest rate, paid long-term loans of up to 30 years, the implementation of the annual adjustment of interest rates or monthly interest-bearing mode, interest rate risk borne entirely by the borrower. Recently, China Everbright Bank launched the first personal home loans fixed rate mortgage we have another choice.
Fixed interest rate that clinches it, floating interest rates follow the market
Floating rate housing loans as a general term is longer, the borrower’s interest is always uncertainty, a drop of good, if interest rates rise, they face the burden of large loans. Fixed rate within a certain period, not with the central bank adjusted interest rates change. This service banks to determine the interest rate cycle, to provide home buyers an interest rate quote. Because banks are required to share the risk of fluctuations in interest rates, so interest rates than the current implementation of high standards.
Fixed interest rate higher than the floating rate
Everbright Bank’s individual housing loans fixed rate, 5 years (including 5 years) 5.94%, 5 years to 10 years (including 10 years) 6.18%. In the current market floating interest rates, the preferential 5-year mortgage rates at about 5.5%, the rest of the benchmark interest rate mortgage is 6.12%; obviously a fixed rate higher than floating interest rate, which is now lenders are not willing to It’s the main reason.
Fixed interest rate appropriate to four people
Everbright Bank of a loan-to-fixed interest rate appropriate to the Department Manager Chen that the four categories of people: first, the central bank will raise interest rates the next person. Fixed interest rates can help them avoid future interest payments after the interest rates. The second category, those who buy second homes. Now the banks they have a lot of restrictions, and the government’s frequent use of financial leverage in the fight against real estate speculators, choose fixed-rate more appropriate for these people. The third category, income stabilizer. Have a good personal financial situation, and future earnings expectations were for this part of the interest expenses, and do not care, as long as they can accept the current interest rate on it. Interest is the rise after the drop is not much impact on him. The fourth category, preferred choice of fixed interest rate risk, interest rate fluctuations do not want people to bear.
Choose fixed-rate conditional
Everbright Bank of fixed-rate mortgages for primary housing loans to individuals, not including commercial buildings and second-hand housing personal loans; loan term, limited to 5 years of the following (including 5 years), 5 years -10 years (including 10 years ) two tranches of term and a maximum of 10 years, the maturity date the borrower at least 18 years of age to not more than 65 years of age, etc.; borrowers can also apply for early repayment, and certain floating rate to pay the same penalty. China Merchants Bank has also introduced a structural fixed-rate mortgage, Shanghai Pudong, China Construction Bank would have to launch the credit product, we can compare the action after, then perhaps some restrictions will be gradually relaxed. Fixed-rate loans in foreign countries has developed a very mature, many people would opt for such loans Fang Shi, its China Huan early stages of development, and therefore need to constantly improve.
Optimization of selection according to their own
Professor Yin Bocheng that fixed-rate mortgage means the market will not have much impact, can only be used as a selling point for banks only. Now the market is depressed, fewer people buy a house, of course no more loans, which makes the product, not very hot. The central bank is expected to raise interest rates in the future is unlikely, now a floating interest rate than a fixed interest rate higher, it will not necessarily select it. According to China Everbright Bank Manager Chen, currently a lot of people come to counseling, some clients are accepted and heard, the customer for the product is very much agree.
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