Mortgage costs will increase?

New Year's Day this year, many mortgage loans to home buyers receive a different number on the apartment in shanghai bill rate go up to "jump jump." Performance of interest rates was calm, there are "house slaves" repayment plan in advance to alleviate the current economic pressures facing.

Last year, the central bank raised interest rates three consecutive times, more than 5-year benchmark lending rate has increased to 7.05%. Some time ago, many mortgage customers begin to receive the notice issued by banks to adjust mortgage information, business units work in a small river also the column. "Last week, Bank sent a reminder SMS platform for information, to remind me from next month, more than a month to go to Cary save 200 yuan." Jiang said smaller second half of 2010, he and his wife bought with loans to 500,000 yuan Zhabei District, located in a "dwelling", according to the previous interest rate loans for the month of this house about 3100 yuan. Although the interest rate increase of $ 200 is not a small river astronomical figures, but he made a rather surprising decision - to sell his car just opened a year in advance to offset part of the mortgage.

Xiao-Jiang said, and many of the "80", as he now considered married, and through the joint efforts of husband and wife, and lived a "house and a car," the life. "My monthly income has been stable at around 6,000 yuan, my wife's wages of 4,000 yuan to succeed, then buy a house, consider a monthly account to buy a house for months the proportion of total household income is not high, so we have added the vehicles Skoda Octavia cars. "Even so, due to the short term set aside consideration of a child, every month 3000 yuan 1,500 yuan mortgage plus the cost of keeping a car is not for small couple lives too obvious impact.

However, since last July, the wife of a small river suddenly ill, and since then the long-term sick leave at home. This emergency situation so that the burden of a small river suddenly grew heavy. "Prior to the pressure for housing for the car is not obvious, and now almost stretched." Although Jiang's wife had a small New Year can return to work, but considering the New Year Spring Festival frequent need to focus on entertainment expenses, coupled with rising mortgage interest rates, a small river the final decision to sell a good first car to maintain the family's cash flow and offset part of the mortgage, to ease the immediate pressure.

Financial professionals have pointed out, due to repayment of the loan period has been different and at different times, the increase in the monthly repayment amount is not the same. The public is best to consult in detail the loan repayment amount increases, do not because of negligence and mortgage arrears, thus affecting personal credit. Need to be reminded that there are few banks in the mortgage contract agreement "with Japan on the month-on-year" adjustment mortgage interest rates, so the central bank to raise interest rates immediately after the adjustment of mortgage rates. For this part of the public, after the New Year does not exist to re-calculate the monthly issues.

Have the money for the hands, do not want to "interest rate" pay people, early repayment is an option to consider. However, financial experts are also reminded of the following conditions of "house slaves" prepayment is not a wise move: First, is the principal and interest equal repayment of medium-term loans have been to the crowd. With the increased repayment of principal, interest payments decrease, that the interest the borrower has a larger proportion of the early, less the proportion of principal. If the borrower to repay medium term and then select the words early repayment, early repayment is the principal part of more, and then choose this early repayment of significance. Secondly, equal principal repayment period has expired 1 / 3 of the loan crowd. With the increase in the repayment time, to reduce the remaining principal, interest payments are less and less, when the repayment period of more than 1 / 3, in fact, the borrower has also a half interest, and then select the words early repayment, has not effectively save interest expense.

While the least suitable for early repayment, is the pre-discount rate applied to loans to 7 people. This is equivalent to low-cost use of bank funds, if you choose loans early repayment after the purchase, it will have no bank offers, but by apartment in shanghai two executive suites go up 1.1 times the rate, the borrower will be worth the candle.