As we all know, the interest rate on the loan at the time of the purchase is extremely important, as the interest rate that you ultimately have to repay is directly affected by it. You're probably wondering if that fixed-rate mortgage can apply for a reduction? Unfortunately, fixed-interest mortgages cannot apply for interest rate adjustments. Only if you choose the floating interest rate will the interest rate be automatically calculated at the new rate in the following year. So, if you want to know about your mortgage rate adjustment day, how should it work

Can you apply for interest rate reduction on a fixed-rate mortgage

First, read in detail the agreement you signed with the bank to apply for housing loans. If you do not know, you can also ask questions by calling the customer service line at the bank or by contacting the bank's staff at the time of the loan。

Second, you can also visit any of the loan banks’ Internet sites and carry a personal identity card to check your home loan adjustment day。

FINALLY, INQUIRIES ARE CONDUCTED USING MODERN MOBILE BANKING FACILITIES. MOST BANKS HAVE THEIR OWN APPS, AND YOU JUST DOWNLOAD THE LOGIN, AND YOU CAN SEE THE INFORMATION IN MY LOAN。