The two key points of the downward adjustment of mortgage interest rate with lpr interest rate are as follows:

1. Mortgage interest rate pricing uses the fluctuating interest rate of lpr in commercial loans, mortgage interest rate =lpr interest rate+plus a little bit, and the mortgage interest rate can only be lowered to the nominal value of lpr+plus a little bit.

2. The lpr interest rate can be adjusted 12 times a year and upgraded on the 2th of each month. However, the change cycle of mortgage interest rate is generally once a year, and it is re-priced on January 1st of each year, which is obtained by adding a little bit to the lpr+ in the same period of upgrading and updating in December of last year. Therefore, after the lpr is lowered, it is unknown whether, when and how much the housing loan will be lowered. For example,

suppose that the cost of housing loan is 2, yuan, and the loan will be repaid with the same principal for 2 years, and the lpr fluctuating interest rate will be selected for pricing, and the interest rate for housing loan in 222 will be 4.75%, and the repricing number will be January 1 of each year, just like socks:

1. If it is upgraded and updated on December 2, 222,

2. In 222, the mortgage interest rate was 4.75%, and the monthly mortgage payment was 1,292.45 yuan. In 223, the new interest rate was 4.4%, and the monthly mortgage payment was 1,254.53 yuan, and the monthly mortgage payment decreased by 37.92 yuan. Is it feasible to lower the interest rate and repay the loan in advance?

if you want to save the loan interest, it is appropriate to repay the loan in advance even if the interest rate is lowered. The reasons are as follows:

1. The mortgage interest rate is much lower than saving interest by repaying the loan in advance, and the sooner the loan is repaid in advance, the greater the interest savings.

For example,

5, loans with principal and interest will be repaid for 3 years, and the mortgage interest rate will be reduced from 4.85% to 4.75%, which will reduce the total loan interest by only 1, yuan, but if the loan is repaid 2 years earlier, the total annual interest of Duan Slip will be saved by more than 2, yuan.

2. After the LPR interest rate is lowered, the mortgage interest rate cannot be lowered immediately, and it is generally changed once a year.

For example,

The mortgage interest rate is priced again on January 1st every year. With reference to the updated LPR interest rate in December last year, a new pricing is obtained by adding a few points, which will not change in the following year.

In other words, no matter how the LPR interest rate is lowered in the past year, the mortgage interest rate will not follow the change, and it can only be adjusted on the repricing day. If the LPR interest rate rises in the early stage of adjustment, the mortgage interest rate will also increase, except that it is possible that the loan interest is more than before.

therefore, whether the interest rate is lowered or not, it is more appropriate to repay the loan in advance if the loan interest is saved and the self-raised funds are sufficient.

The above is the introduction of "Is it feasible to repay the loan in advance by lowering the interest rate?" I hope you can help everyone.