The mortgage base point is an indispensable factor in calculating mortgage interest after the country adjusts the mortgage interest rate. The current mortgage interest rate is calculated using the model of LPR interest rate and mortgage base point. The mortgage base point remains unchanged after the mortgage user and the bank determine it. After that, the mortgage interest rate will change with the change of the LPR interest rate, and 100 basis points is 1.

1. What factors does the bank mortgage loan limit depend on:

(1) The borrower’s repayment ability: mainly refers to the borrower’s monthly income, because monthly income is the most intuitive reflection of The relationship between the borrower's loan repayment ability, loan amount and monthly income can refer to the following formula: monthly income ≥ monthly mortgage payment X2.

(2) House age: When banks issue loans, they will examine the age of the loaned house. Usually the requirement is 20-25 years. The more relaxed requirements are 30 years, and the more stringent requirements are only 15 years or more. In 10 years, the loan limit for second-hand houses with older houses may be reduced, or simply rejected by banks if they encounter strict regulations. It can be said that the shorter the house age, the easier it is to obtain a loan, and the loan limit is also higher than that for older houses.

(3) Personal credit report: Personal credit report can be said to be one of the important criteria for banks to consider borrowers. Good credit report is a prerequisite for obtaining preferential interest rates and loans. Some banks will examine borrowers 2 Credit card credit records within the year and loan credit records within 5 years. Some banks will look at credit records over a longer period, and the requirements will be different. Severe bad credit records may occur if there are three consecutive overdue periods or a total of six overdue periods. Causing loan rejection.

(4) Security ability: Some banks will also examine the borrower’s medical insurance, pension insurance, accident insurance, housing provident fund, etc. payment status, because these can reflect the borrower’s repayment ability from the side. Financial ability, of which medical insurance and pension insurance are more important.

2. How to calculate the loan basis point?

The basis point is 0.01, which is one hundredth of a percentage point. Nowadays, newly issued commercial personal housing loans are formed based on the LPR of the corresponding period in the last month as the pricing basis and plus points (the plus points can be negative values ??and are fixed during the contract period). The central bank announcement mentioned that the interest rate for the first set of commercial personal housing loans should not be lower than the LPR of the corresponding period, and the interest rate of the second set of commercial personal housing loans should not be lower than the LPR of the corresponding period plus 60 basis points.