Financial Help News: Recently, major social platforms have more and more advertisements about transfer to . For people with 5-6% mortgage interest rates, they can "transfer" to a 4- or even a 3-word head. Does it sound very attractive at first glance? It is absolutely false to say that you are not moved. Everyone hopes that their mortgage interest rate can be lower and lower. After all, the term of a mortgage is at least 10 years or 30 years. A little less every month will be an astronomical figure in the end.
No comparison will hurt
In August this year, Central Bank announced the latest LPR, with a one-year LPR of 3.65%, and a five-year LPR dropped from 4.45% to 4.3%. The 1-year reduction was 5 basis points and the 5-year reduction was 15 basis points, which was 5 basis points more than expected, exceeding expectations. Then several banks began to implement mortgage interest rates of 4.25% for first-home homes, setting a record low. Compared with the previous high interest rates of more than 6%, many netizens ridiculed themselves as "the seed of grievances" and were cut off.
According to the above figure as an example, the loan is 1 million yuan, the mortgage has been 30 years, the interest rate of 4.25% is still higher than 6.25%, the total principal and interest are reduced by 600,000 yuan, and the monthly repayment is reduced by 1,666.67 yuan. Such as a loan of 2 million yuan. The monthly repayment amount decreased by 1666.67*2=3333.34 yuan, and the total principal and interest decreased by 1.2 million yuan.
Against this backdrop of huge differences, especially home buyers who stand guard at high positions are looking for ways to reduce interest rates, and are also attracted by advertisements that reduce interest rates and transfer loans.
What medicine is sold in the "Disk Transfer" gourd?
Recently, many fans have left messages in the background to consult about the "replacement of loans and interest rates" for personal housing loans. Due to professional sensitivity, we checked the current relevant policies for personal housing loans and conducted another investigation. Therefore, "Financial Gang" noticed that there were many advertisements for re-loan transfers on major social platforms. has "successfully cut interest rates", "mortgage interest rates of 5.8, 6.2 to 3.8", "1 million to save 230,000 yuan", "more than 2,000 yuan less per month", "just have real estate", etc., etc., advertising vocabulary is endless. and the eye-catching title directly points the weakest heartstrings of home buyers and points directly to the home buyers' money bags, which is really tempting!
First of all, most home buyers do not have clear enough understanding of policies. When everyone sees various eye-catching advertising information, they subconsciously think that the interest rate has dropped and they can apply for a new repayment plan from the bank. However, this is not the case with .
According to current relevant regulations, any "first house first loan" that is later paid by provident fund , and after meeting the conditions, the application for commercial personal housing loans can be converted into provident fund loan (commercial to public), and the interest rate of provident fund loans is about 3.35%. In addition to the above conditions for "commercial to public", the interest rate directly shifted from 6.2% to 3.8%. No policy has been issued at present. After investigation by the "Financial Gang", it was found that the so-called "mortgage loan interest rates starting from 5 and 6 to beginning from 3" is actually a way of playing the edge, and switches the concept to convert it into a business loan. settles the mortgage and then goes to the bank to re-mortgage and apply for an operating loan. Since relevant policies support the low interest rates of operating loans, this has been a goal of reducing mortgage interest rates. Calculate the interest rate by carefully calculating it can indeed reduce it a lot, and it can indeed save a lot of money.
Through various banks, the general interest rate of operating loans is below 4%, and the repayment method is more diverse and flexible than mortgage loans, and the capital utilization rate is higher. It is represented by "interest before principal", "repayment at any time", "one-time repayment of principal and interest", "payment of interest on time", etc. In short, it means paying off the mortgage in advance and converting it into an operating loan with an interest rate of less than 4%. Such a low interest rate and such a flexible repayment method have attracted everyone's attention.Is
operable for the above situation? Are there any risks?
First of all, you must understand the necessary conditions for business loans: 1. The house must have a real estate certificate ( purchase contract does not work); 2. The house is in a state of unsecured or seizure (free transactions can be conducted); 3. You must have an enterprise or individual industrial and commercial households under your own name or your immediate relatives; 4. The credit report must be good, and some banks also have requirements for the debt ratio.
According to the situation mentioned above, everyone should understand that if the conditions are not sufficient, you cannot transfer it. If you just have the conditions, it is theoretically feasible. If you are lucky enough to handle it successfully, will not be everything. Although saves money and has lower interest rates, it will also face many adverse factors. mainly manifests itself in: legal risk, loan withdrawal and loan cut risks, and later interest rate rise and other risks.
"Financial Gang" reminds everyone: that does not meet the conditions in , don't force it up, is time-consuming, trouble-consuming and risky. Those who have the conditions should also think twice before acting. Although you can save money and save a lot of money, the risks you have to bear are no less than those who have to make up for it. No matter which of the two, it is not an exaggeration to drink a pot once there is a risk problem.
1. Legal risks
Until the end, "Financial Help" consulted bank professionals: business-purpose loans, personal credit loans, personal consumption loans, credit cards and other funds flowing into real estate are prohibited and illegal acts. "Re-loan transfer" in this way has constituted a disguised flow of credit funds into real estate. At present, banks focus on the flow of funds, especially for real estate that have just been lifted out of pressure. They will carefully review the source of funds before loans, and will also review the flow of funds after loans.
In March last year, the People's Bank of China , China Banking and Insurance Regulatory Commission and the Ministry of Housing and Urban-Rural Development jointly issued the "Notice on Preventing the Illegal Flow of Business Loans into the Real Estate Field", urging banking financial institutions to further strengthen prudent and compliant operations and strictly prevent the illegal flow of business loans into the real estate field.
At the same time, for the hard-to-compile conditions, the legal risk coefficient will be higher, because you need to register a new license, which involves taxation, accounting, public statements, industrial and commercial inspections, etc., and these may have problems. Once you find that there are false business or other problems, it is not just as simple as facing early recovery of the loan. is more likely to involve criminal liability for loan fraud.
2. Risk of loan withdrawal and loan cuts
Loan withdrawal: I won’t say much about hard to collect conditions. If the bank finds related problems, it will definitely take back the loan immediately and ask you to repay the loan in advance. At the same time, if the bank reviews your credit funds flow into real estate, the loan will be recovered immediately. This is the risk of withdrawing loans.
Loan cut: "Financial Gang" has been sorted out through various banks, and the actual credit of operating loans is granted for up to 10 years. The credit period of is not the loan term. Most of them need to renew the loan of every 2-3 years, and even once a year. Renewing a loan once means repaying principal and interest once and checking the credit report once. If there is a problem with your credit report during this period or you cannot take out funds to cross the bridge, there is a risk of breaking the loan.
Friendly reminder: If you are withdrawn or cut off due to the above problems, what will happen if the bank fails to collect the loan? Just look at so many foreclosure houses on the market, and you will understand. In one case, don’t think that banks can turn a blind eye. In recent years, it has been not uncommon for banks and other financial institutions to be heavily fined by regulators for inflowing personal loans and business loans into the real estate market.
33. Risks such as floating interest rates in the later period
The interest rate for personal housing loans will basically not change much from the signing of the contract and are very stable. However, the interest rates for mortgage loans and business loans are likely to be raised at any time.At the same time, if credit funds are examined and flow into the real estate market, not only will the bank recover all loans in advance, but is more likely to require payment of liquidated damages and double interest. This is also one of the great risks.
