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&Nbsp After Raising Interest Rates; How To Manage Your Pocketbook.

2011/4/7 14:05:00 38

Increase interest

How do you manage the money bag?

Since October 20th, the central bank has raised the benchmark interest rate for deposits and loans by 0.25 basis points.

Many home owners who have accumulated some spare cash have begun to weigh whether they should repay the loan ahead of time.

Financial experts analysis said that under the current market conditions, the interest rate float down and investment style aggressive citizens do not have to repay the loan ahead of time.

Mortgage: interest discount does not have to be repaid in advance.

The rate hike has adopted a more conservative attitude towards lending rates, such as loans over 5 years, interest rates raised from 5.94% to 6.14%, and the increase was only 0.2 percentage points.

Interest rate rises are most affected

However, because the banks have different discount rates on different types of mortgage loans, the impact of this rate hike on different mortgage customers is different.

For example, many first suite loans enjoy thirty percent off preferential interest rates. After raising interest rates, the mortgage interest rate will be raised from 4.158% to 4.298%, and the rate of increase will be only 0.14 percentage points. Many of the two apartments and multi suite loan customers who have raised the loan interest rate will have higher interest rates.

The above 10% of the two suite loan customers, for example, before the interest rate of 6.534%, after raising interest rates, the real interest rate of its mortgage will be increased to 6.754%, up 0.22 percentage points.

For mortgage customers with interest rates falling, the interest rate is only 4.298%.

financing

The cost is low and there is no need to rush to repay the loan ahead of schedule.

In the current market, it is not difficult to get a yield of around 4%.

At present, the stable financial products sold by banks can yield up to 3.5% to 4% within a year or so.

For example, CITIC Bank recently issued trust scheme 10078 phase 2 financial products, with a term of 363 days, with an expected annual yield of 4%.

If you invest more aggressiveness, buy bond dealers.

financial products

The yield is expected to be higher.

At present, with the influx of hot money and strong stock market, it is not difficult to get the yield beyond mortgage interest rate through financial management.