Near the end of Hangzhou city, "Housing slave" set off prepayments climax

Raising interest rates superposition effects birth "Housing slave" repayment pressure <br> People's Bank of China on November 10 that the decision from November 26 onwards, increased deposits financial institutions RMB deposit reserve ratio 0.5 percentage points. This is the ninth time this year the central bank raised the deposit reserve ratio. After the increase, ordinary deposit reserve rate has reached 13.5 percent, setting a record.
Reserve Bank of successive interest rate increases, raising interest rates "as easily" come. Thus, a further rise in the central bank reserve interest rate, a large number of research institutions forecast, it may be the sixth year brewing a prelude to raising interest rates. Raising interest rates, the application of the monetary tools become increasingly strong market expectations.
Since March 18, the central bank has been raising interest rates for five times, making the benchmark rate on one-year deposits, from 2.52 percent to a 3.87%, 5-year and above the benchmark rate of individual housing loans is raised to 0.99 percent.
For "The Slave" Pioneers, the five interest rate increase by the "stack effect" from the next year on January 1 from one-time to digest. Faced with the imminent increase the repayment burden, and many new and old, "the slaves" were feeling the pressure, have brewing early repayment plan.
Journalists learned that entered November,杭城all major banks of the prepayments has increased significantly, many people in the banking sector predict that this year's wave of prepayments started earlier in previous years, and after the end of the year and the Spring Festival within three months, ushering in waves loan peak.
Frequent interest rate increase after the new and old <br> "The Slave" feelings loan pressure <br> From next year on January 1, according to the annual one-time adjustment "老房Slavery" will directly face interest rate increase this year, five times the Permian plus effect, a one-time interest rate increase nearly 1%, even if the bank loans in accordance with the existing policies, that is the benchmark rate fall 15 percent, raising interest rates has also reached 0.8415 percent.
Last August 19, the central bank will be five years for more than individual housing loans rate to 6.84 percent, after this year's five interest rate increase, individual housing loans rates have拉高to 7.83%, the difference between the two has reached 0.99 percent.
The work in the IT industry Mr. Wang last October through commercial bank loans, in the Binjiang District bought a house loans 500,000 yuan, loans for 20, matching repayment by law, the monthly repayment 3528.71 yuan. Do not assume that this year with the central bank interest rate, then from the next year on January 1st, Mr Wang for a month will be increased to 3773.78 yuan per month more also 245 yuan money.
In consultation with the bank's financial management experts, Mr. Wang noted that the end of the year if the early repayment 100,000 yuan so, at current rates of advance loan, repayment of principal balance of approximately 385,200 yuan. If the remaining loans will continue in accordance with the current repayment amount to repay, then he can save a total of nearly 170,000 yuan in interest.
Before Mr. Wang less concerned about this, in that this relatively "surprised" after the data, immediately consult with the family, plans to use its existing home in deposits as of early repayment of mortgage loans.
Entering November, the continuity of the stock market fell, the stock market return of funds triggered by concussion, a good opportunity for the business at this stage mortgage prepayments provide another opportunity. Construction Bank, Agricultural Bank, Guangfa Bank, Minsheng Bank, and other banks said that this year earlier arrival of a wave of mortgage prepayments, and do not rule out the stock market dropped nearly a month has been triggered by some of the funds retracement of the shareholders.
"This month a terrible shock to the market, another interest rate increase rumors the past two days, I intend to hasten the withdrawal of the money." The end of last year, in a friend's suggestion, luk to get involved in the stock market, a slight profit, but recently prices bad month for luk speculated, "the market 600 points high time, I felt a bit big risk, the A-share bid farewell to the era of huge profits perhaps is coming, anyway earn the money, so the stock market cash money, also part of the mortgage in advance, the pressure next year, the small point. "
In addition, by the end of September, the central bank, the China Banking Regulatory Commission issued a circular, has used the loan to buy housing, and applications for the purchase of the second set (with) more housing, the first loan payment ratio must not be less than 40 percent, the lending rate increased by 10% . The mortgage New Deal, also is expected to be considered further "intensify" This year, the prepayments tide. Because some of the banks that have been cleared of the mortgage, the second set of customers to buy the first house can still enjoy the preferential credits suites,杭城the secondary market, the improvement of some customers, have taken the first prepayments, selling, the purchase of another new房源"curve" way. Prepayments intensified <br> Bank forecast peak Spring Festival loan will now <br> Bank 5th raising interest rates, loans for house buyers on the subsequent corresponding rise. ICBC, China Construction Bank, Agricultural Bank and part of the joint-stock banks operating Chamber, calls advice and visited the scene of customers increased significantly, and many customers are formulated in the near future prepayments on the agenda. Some chip, borrow money loan is also to warm up.
According to the Construction Bank of Wushan branch of the responsible person of the relevant since this 5th interest rate increase, the daily by telephone or in person to the bank advisory owners, 1 / 3 more proportional to understand prepayments matters. "This is particularly a further rise in the central bank deposits financial institutions RMB deposit reserve ratio 0.5 percentage points, to handle the many business customers will旁敲侧击to ask, whether the recent interest rate increase will have the possibility to handle advance the urgency of the loan has become increasingly evident. more often, at least one day over 10 Inquiries. "the responsible official said.
"This is a slow process, after all, customers have a need for early repayment raising process." Kwong Yu, the bank mortgage center David Gold is forecast, in December late prepayments expected emergence of a small peak, "natural, the most upsurge loan peaks, will appear in before and after the Spring Festival, and continue until next year's 1-4 month. "Riverside branch of the Agricultural Bank and the personal client manager Xiao-Yun Ma said this month, the Call Advisory advance loan customers have increased, but the peak has not yet really coming, "from the change in the rate next year on January 1 began, for many customers, the end is the most idle funds will be focused on loans, as well as access to other year-end awards or additional revenue of slots . "
This wave of prepayments first wave started, many of the bank's mortgage struggling for the reception, no energy to explore new business, but there are people in the banking sector also expressed understanding.
"If there is no higher lending rates than long-term, stable income, slightly ahead of savings on the loan, and the sooner prepayments more savings interest." Xiao-Yun Ma, as personal loans are generally over 10 years of long-term loans , the compound growth time is very impressive. According to the new 7.83 percent benchmark interest rate, equal to the repayment of principal and interest, if the loan amount is 500,000, 20 total interest is 404,400 yuan. Prepayments time early, saving the more interest.
"But prepayments whether affordable, we must as personal income and family values may be." Xiao-Yun Ma, prepayments not limited to the use of better ways and ideas because prepayments will definitely try to occupy the family A large amount of the amount, or some cash on hand, "these cash is not the family now need useful, for instance, invest in stocks, funds, real estate, or education, household consumption, such as buying a car, then consideration should be given to the cash-on-hand to a greater investment income, or the urgency of the current demand for comparison. "
Some customers at the current patchwork, raising prepayments way, Xiao-Yun Ma also said there was no need to, "the general primary, secondary Housing loans, although until next January 1 onwards according to the latest loan rates post-implementation,月供款there will be changes, but a month after all the increased costs limited, consideration should be given to the family or leave some cash flow and provide for the needs of other purposes. "比一比<br> more models which loan suitable for you <br> interest rate increase, nearly every mortgage buyers who have been quietly figuring out: on their own for a month may increase the number? Whether or not it should produce savings in hand, the early settlement of bank loans? By early repayment how kind of way, with their income and family values of the anastomosis, as far as possible to reduce future interest?
In this regard, the banking sector financial management experts for the following specific cases are given five sets of different customer base options loan model:
MA Ms. late 2006 bought a house down payment 30 percent, the bank loan of 1 million yuan loan for 20. Assume that the property is a horse, only a bank mortgage real estate, can enjoy 8.5% discount rate, the prevailing rate of 5.814 percent, the repayment of principal and interest by matching calculated on the amount of 7057.42 yuan, of which the first month payments gold 2212.42 yuan, interest 4,845 yuan; total repayment amount 1.6938 million yuan, of which interest for 693,800 yuan. Now no longer interest rates after adjustment by 7.83 percent benchmark interest rate on January 1, 2008 from the enjoyment of 6.6555% 8.5% discount rate, in January 2008 onwards, the repayment 7528.17 yuan, the monthly repayment increase 470.75 yuan, MA use of the method of repayment, repayment after 18 months, consider advancing the repayment, the principal of the loans at this time she left for 959,800 yuan, interest has been paid a total of 89,600 yuan, if not ahead of the repayment, must also pay interest 71.15 million Total interest payments 801,100 yuan.
First: a one-time loan will be repaid remaining. (General banks to calculate the last payment date to the early repayment of interest in this for the sake of convenience, do not take into account the interest and does not consider future interest rate adjustments)
Yet payment of interest: 0
Total = prepayments interest before the interest of +0 = 89,600 yuan <br> ★ suitable for the crowd: financial comfortable with, or better ways and ideas.
Second: Some early repayment, unchanged for the month, shortening the repayment period.
Early repayment 100,000 yuan, remained level for the previous month, that is, 7528.17 yuan, while loans for the remaining reduction of about 15.1 years, after the early repayment of interest for 506,100 yuan.
Total interest = 8.96 +50.61 = 595,700 yuan.
★ suitable for the crowd: expected after the current income and a stable income growth, and the family cost of living and education spending does not increase with time.
Third: Some early repayment, reduction of supply, the repayment period unchanged.
Early repayment 100,000 yuan, loans for the remaining 18 for six months, for the reduction of 6743.78 yuan, after the early repayment of interest for 637,400 yuan.
Total interest = 8.96 +63.74 = 727,000 yuan.
★ suitable for the crowd: existing hand than ample cash flow, expected future income more stable.
Fourth: Some early repayment, shortening the repayment period to reduce, for.
Early repayment 100,000 yuan monthly for reduced to 7288.75 yuan, the remaining repayment period shortened to 16, after the early repayment of interest to 53.97 yuan.
Total interest = 8.96 +53.97 = 629,300 yuan <br> ★ suitable for the crowd: there will be a steady income increase, but need more cash flow on hand to cover their children's upbringing, education, and other family entertainment, and other aspects of expenditures, as well as the maintenance needs of the elderly.
Fifth: Some early repayment, shortening the repayment period, on increased for.
Early repayment 100,000 yuan, for the month increased to 9830.50 yuan, the remaining repayment period shortened to 10, after the early repayment of interest for 319,900 yuan.
Total interest = 8.96 +31.99 = 409,500 yuan <br> ★ suitable for the crowd: there are expected to post a substantial increase revenue.
Generally speaking, the early repayment will definitely reduce interest payments, popular speaking, also do not need to swap the money to pay the interest. Compare the above five kinds of repayment methods, we can see that, after the early repayment of the amount of principal change is the difference between the interest rate difference between pre-very small differences in the ultimate interest of early principal repayment is caused by the difference, if some customers after the recent advance repayment in full repayment plan, the choice of methods for the repayment of interest on the impact are not.
For each customer, whether early repayment, repayment after taking early repayment methods which are based on their own needs "customization" If customers have a certain finance and investment experience or a better investment income, as long as the calculation of the opportunity cost, if yields can be more than the bank lending rates, there will be no need for early repayment of loans; Secondly, the current credit policy tightening circumstances, nor recommendations early repayment loan easy loans difficult, after all, to stay in the hand points live money is also essential.
In addition, financial management division also recommended that, if part of early repayment, the proposed use of the former three kinds of repayment methods, after all, the purpose of early repayment is not to increase the current debt service burden.

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