Paying back the mortgage in advance will shorten the term of the housing loan and reduce the cost of the housing loan. On the premise that the mortgage interest and repayment method remain unchanged, repaying the mortgage in advance can of course save the loan interest. Only how much interest rate can be saved will be related to many factors, such as the length of mortgage repayment in advance and the amount of repayment in advance.
What does the fund performance benchmark mean? Performance comparison benchmark refers to the managers of equity funds and their net worth wealth management products who get the expected effect rate of return according to the previous sales performance and the sales performance of similar products. The rate of return of funds and net worth wealth management products is difficult to guarantee, so it will be used as a reference for investors' performance comparison, and it cannot represent the specific rate of return.
The yield of net worth wealth management products is mostly presented by "performance comparison benchmark". Net-worth wealth management products belong to non-guaranteed volatile income products. In other words, the financial institutions of this wealth management product neither guarantee the principal nor the income, but choose the performance comparison benchmark for investors to have a reference income.
For example, if a financial institution sells a wealth management product, and the first-phase yield of the wealth management product reaches 5%, then when selling the second-phase wealth management product, the performance benchmark of the second-phase product is 5%. It can be known that the performance benchmark is a standard value of income, which does not mean that investors will definitely get 5% income after purchasing wealth management products. The specific income may be higher than the performance benchmark of wealth management products or lower than the performance benchmark.
Whether it is the estimated rate of return or the performance benchmark, it is only the estimated value of the income of wealth management products and does not represent the specific income situation. Therefore, everyone can only use it as a reference when purchasing wealth management products.
Finally, I would like to remind you that financial investment is risky, and risks and benefits are matched. The greater the income, the greater the risk. Therefore, when investing in wealth management, don't blindly pursue perfect high-yield wealth management products, and invest in wealth management in combination with your actual risk tolerance.