What does traditional mortgage mean?

The traditional mortgage interest rate model is a floating interest rate, which changes the borrower's repayment rate based on current interest rate changes. This model is suitable when interest rates are expected to fall.

For mortgage borrowers, whether to choose a fixed interest rate or a floating interest rate, the following three factors may be considered to decide: The first and most important point is to judge whether my country's interest rate level is in the stage of interest rate increase or interest rate reduction; the second is to carefully consider one's own income If you think that your future income is relatively stable and sufficient to pay the fixed mortgage amount, you may wish to choose a fixed-rate loan; thirdly, if you apply for a second or more housing loan, you may consider using a fixed-rate loan to lock in the interest rate of a medium- and long-term housing loan to avoid Interest rate and inflation risk.