Secret Business Tips

Mr. Jiang in early 2006 a set of high-grade residential mortgage loans of 50 million, 20-year loan period. Buy a house later, Mr. Jiang has experienced four rate hikes, from the initial 6.12% annual interest rate soared to 7.20% today, a month to more than the original interest rate was also 300 Yuyuan Li. Now mention of this matter, Mr. Jiang has not regretted his choice on the “fixed-rate mortgage products.

Since 2006, the central bank has been raising interest rates four times, many home buyers have people turn their attention to various commercial banks 推出 “fixed interest rate home loans. But the banks financial experts suggest that not all home buyers are suitable for the mortgage products, young people, investors and loan customers will need more careful selection.

In general, the standard fixed-rate mortgages are generally interest rate benchmark rate than the current number of mortgages in the early repayment, the repayment amount will be higher than the repayment of the amount of floating rate mortgages higher, so for those who currently economic strain, while the expected return better future for young people, floating-rate mortgage products may be more suitable.

Real estate investors are not suitable for the mortgage product. For them, perhaps a few years, the house will be sold out, but because buyers have to choose the initial fixed-rate and affordable housing more available, it will obviously increase the cost of the investment. Even those who support credit rental property investors do not need to select “fixed-rate mortgage because the mortgage interest of ups and downs, often reflects the rise and fall of the market also means that under the rent income was floating. With fixed interest rates their monthly costs, “locked, not having the rental income and its changes with fluctuations.

In addition, the loan amount larger customers in the selection of the business also requires caution. Most fixed-rate loans have a term of 3 years, 5 years, the longest 10 years, however, these repayment period relative to the loan balance is increasing, too short, then calculate the monthly repayment amount will be far beyond the scope of ordinary customers to bear. For them, it is best to take a fixed rate and floating rate combination.

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