Interest Rates Drop as Mortgage Loans Convert from Second to First: A Boon for Borrowers
The Interest Rate on Existing Mortgage Loans Decreases as “Second Mortgages” are Converted to “First Mortgages” By Du Chuan, China Business News Many borrowers who followed the bank’s requirements and submitted the necessary documents are now benefiting from automatic adjustments to their loan contracts and repayment plans as of October 25. “This morning, I received […]
The Central Bank’s Move to Convert Stock Mortgage Interest Rates: Impact on Banks and Home Buyers
The Central Bank Encourages Commercial Banks to Convert Mortgage Interest Rates: What Will It Mean for Banks and Home Buyers? By [Author’s Name] In a recent press conference on financial statistics, Zou Lan, the director of the Monetary Policy Department of the People’s Bank of China, highlighted the need for changes in the wealth management […]
