Chongqing to reproduce fixed rate mortgage two mortgage rates low to 5.94%

Yesterday, the Shenzhen Development Bank Chongqing Branch announced that the official launch of the "fixed rate balloon loan" fixed-rate mortgage, the public can avoid the risk of rising interest rates.　　The move means that at present fixed-rate mortgages, which are already closed in most banks, are out of the arena.　　Fixed-rate mortgages to the so-called fixed-rate balloon loans, simply, that is, when the public and the bank to enter into a loan contract, the agreement within a certain period of borrowing, regardless of market interest rate changes, the borrower will pay interest at the agreed rate. "We are introducing a 3-year fixed-rate loan.　　"In the period of interest rate hikes, fixed-rate mortgages with interest rates can circumvent the risk of rising interest rates," said the Chongqing branch. The residents of the Chongqing Branch said there were two interest rate classes to choose from when dealing with a fixed-rate balloon loan. One is 5.94% and two is 6.21%. "Members of the public can apply for a fixed rate balloon loan as long as they meet the general conditions for housing mortgage loan applications."　　"Only the bank lender can do the deep issue of Chongqing Branch, said the annual interest rate of 5.94% per cent of the class only accept the second residential mortgage applications, the annual interest rate of 6.21% of the grade of only the third residential mortgage application." According to the current policy, using floating rate loans to buy a second suite, the interest rate to float 10% to 6.534%.　　and mortgage Third suite, then its floating rate is generally around 7.128%.　　A 3-year fixed rate balloon loan is intended only for residents who are applying for a mortgage loan at the bank, the Chongqing branch said. Not on the home loan regulation Red line in the new deal, clear demand for the second mortgage rate to float 10%, many sets of mortgage interest rate floating more; Did the move step on the regulatory red line? The bank's Chongqing branch said they did not violate the rules.　　The regulatory document requires that the second set of mortgage rates should not be lower than 1.1 times times the benchmark rate for people's banks, while the 3-year fixed-rate balloon loan is based on the 1.1 times-fold standard for the 3-year benchmark interest rate of the people's Bank.　　A number of bankers in the city said that the deep development of fixed-rate balloon loans was "lethal" for homeowners in the second to third mortgage, and that they would keep a close eye on their new trends and would not rule out a similar new product for personal mortgages.　　Reporter Bin two sets of mortgage fixed interest rate three years can save a lot of money to 1 million yuan, 3-year fixed rate balloon loan For example, always at 5.94% annual interest rate, three year cumulative interest of 171005.06 yuan.　　If the loan is based on floating interest rates, in three years, assuming the second year rate hike of 0.54%, the interest rate will reach 7.128%; the third year will raise interest rates by 0.81%, with interest rates reaching 8.019%; The total interest paid in the loan for three years will be as high as 208548.26 yuan. In other words, the fixed-rate mortgage, in three years, the assumption of multiple interest rate, the lender three years can save 37543.2 yuan.