Things that the mortgage family must know before enlending

        Are you out of breath because of the monthly mortgage? Want to reduce interest rates, increase the amount, but repeatedly rejected by banks? It is said that re lending is not necessarily cost-effective. How to evaluate it? Listen to what financial experts say!

        1、 First assess whether it can be re loaned

        Most people's mortgage is 20 ~ 30 years, and monthly payment has become an established model, but have you ever thought about whether the current mortgage interest rate will be too high? Do you need to transfer to another bank for loan? Before considering these, the following points must be known:

        Mortgage binding period

        Generally, the binding period of bank loans is about 2-3 years. If you re lend during the binding period, the bank will charge a large amount of liquidated damages. Therefore, re lending is not recommended during the binding period.

        Expenses to be borne by re lending

        (1) Loan handling fee: when applying for a loan, the bank will charge a handling fee of about 5000 ~ 10000 yuan.

        (2) Book agent fee: the fee derived from entrusting a book agent to go through the relevant setting, erasure and other procedures at the land administration, which is about 6000 yuan to 12000 yuan. If it is handled by itself, this fee can be saved.

        (3) Land administration fee: that is, the house setting fee, which is collected by the land administration authority, and the amount is 0.12% of the loan amount.

        2、 What are the benefits of re lending

        Save interest

        If your current loan amount is 5 million yuan, the loan interest rate is 2%, and the interest rate of re lending to other banks is 1.5%, you can save about 25000 yuan of interest a year. But you may ask, can't you ask the original lending bank to reduce the interest rate? Of course, if banks are willing to cut interest rates, they don't need to lend again.

        Reduce monthly payments

        The mortgage period is very long. If the family suddenly increases the monthly fixed expenditure (such as the child's nanny fee or parents' care fee... Etc.), but the bank refuses to reduce the monthly payment, you can consider re lending. The ways to reduce the monthly payment include: applying for a grace period (only paying interest but not returning the principal) or extending the loan period (extending the original loan period from 20 years to 30 years).

        Increase loan line

        If you want to increase the loan by 1 million yuan due to the demand of investment turnover, but the bank only agrees to borrow 500000 yuan, it may be due to problems such as house valuation. If the bank's valuation is lower than the market situation, it will affect your loan amount. At this time, you can consider re lending to strive for better conditions.

        3、 What information is needed for re lending

        Identification documents.

        Financial proof documents (such as payroll, salary passbook, withholding voucher, comprehensive income tax proof and other proof documents. If you are not a salaried office worker, you can provide details of deposits, fixed deposits, real estate under your name, rental income, fund stocks or savings, investment insurance policies, etc. in recent six months, which are sufficient to prove your financial strength).

        Tax payment certificate of land price tax and house tax in recent one year.

        The interest payment record of the former loan bank's housing loan in recent one year.

        Fill in the loan application form.

        4、 How to select a lending bank

        It is recommended to ask the usual banks first. Usually, regular customers can enjoy preferential treatment. For Far Eastern International Bank, in addition to offering discounts for salary transfer customers and Far Eastern Group affiliated enterprise employees, there are also preferential start-up fees and interest rates for VIP honored customers. You can also search online for whether banks have housing loan transfer special activities, which makes it easier to obtain more favorable interest rates.

        If your house is a small suite below 15 Ping, industrial residence, national residence and other special objects, it is recommended to ask whether the bank has commitment, as well as the amount and interest rate of the loan. For this type of object, the bank has strict risk control, relatively small loan amount and high interest rate. It is recommended to decide whether to re lend after the bank approves the loan.

        5、 Don't be fooled by preferential interest rates

        When you see the advertisement "from 1.31% of the ultra-low interest rate of housing loan to loan", don't be happy. It is recommended to confirm the following matters with the bank first:

        What is the applicable loan interest rate?

        The loan interest rate provided by the bank usually varies according to the customer's income, the location of the house, the conditions of the house itself and other factors. Don't be deceived by the ultra-low interest rate advertised.

        Using a one-stage or phased interest rate?

        "One-stage interest rate" refers to the interest calculated according to the index interest rate plus a fixed number of yards during the loan period; The phased interest rate is the interest rate calculated by different stages during the loan period (for example, different interest rates are given from the second year). It seems very favorable in the advertisement. In fact, only the interest rate in the first year is lower. From the second year, the interest rate is much higher than that in the first year.

        If you need to increase the loan limit, what is the interest rate?

        The bank provides different interest rates for loan funds for different purposes. If it is used for house purchase, the risk interest rate is relatively low. However, if the loan amount needs to be increased as working capital after the pre loan amount is re loaned, the bank will give different interest rates according to "pre loan house purchase purpose" and "increased loan working capital purpose".

        In short, before re lending, we should first measure whether it is necessary to re lend. If the interest rate is too high, we can first discuss with the bank whether there is room for reduction, and then evaluate whether we can re lend. We can see more and compare more to ensure our own repayment ability and good credit, so as to successfully re lend.