Zhongyuan mortgage: H+1% mortgage plan is promoted by individual banks. Fluctuations in interest rates may result in interest rates exceeding the cap rate.

Wang Meifeng, the Mortgage King of Zhongyuan, responded to the bank's introduction of an H+1% mortgage plan, stating that the mortgage benefits offered by individual banks are aimed at increasing the market's low-interest mortgage options. This mortgage plan will be affected by fluctuations in the interest rate, and the interest rate may exceed the maximum rate. It is believed that this plan may not necessarily lead to other banks introducing the same mortgage plan. Wang Meifeng analyzed that the mortgage interest rate of the plan is 0.3% lower than the mainstream market plans, but the maximum interest rate is 2% higher than the market level. Due to the fluctuating nature of the interest rate and the recent decrease in bank system surplus, there is a possibility that the interest rate may rise. Therefore, borrowers need to be aware that if the monthly interest rate rises above 2.5% during the repayment period of the mortgage plan, it means that the interest rate of this plan will be 3.5% higher than the market maximum interest rate. This limitation may restrict the usage of this plan, and it is believed that the mainstream mortgage plans in the market currently are still at H+1.3% with a maximum interest rate as low as 3.5% (P-2%; P is currently 5.5%), providing a higher level of security. Based on these limitations, it is also believed that it may not necessarily lead to other banks introducing the same mortgage plan.