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Jiangsu provincial government mentioned in its latest notice that local banks would resume mortgage rates discount for first-time home buyers, amid the expectations that the government is fine-tuning its mortgage application policy. In this document focusing on enhancing the role of financial institutions in serving the real economy, the financial institutions are asked to help promote the sound and steady growth of real estate industry and meet the demands of residents on first home mortgage with rates discount. The reporter learned that at present there are three banks in Nanjing that offers a 15 percent discount for first-time home buyers applying for mortgages. According to Xinhua News Agency, the head offices of the major four state-owned banks have never changed mortgage rates on mortgage loans, but local branches haven’t strictly followed the policy in practice. “In mid-May it was still hard for our clients to get a 10-percent discount, but now the number of those who get a 15-percent discount is obviously increasing,” said a worker in a Nanjing branch of one of the state-owned banks. Zhao Qingming, a financial expert, holds that faced with the pressure of the economic slowdown, the prospects for the development of businesses are gloomy and demands on loans remain weak. In contrast, the demands on mortgages are solid and strong, and mortgage business is less risky for banks. So to stimulate personal consumption credit business, it’s possible that more favorable interest rates will be offered to mortgage loan applicants. Contact us atBanks resume favorable mortgage rates for first-time home buyers - ??3D?? - China ?????3D??Banks resume favorable mortgage rates for first-time home buyers - ??3D?? - China ?????3D??Banks resume favorable mortgage rates for first-time home buyers - ??3D?? - China ?????3D??Banks resume favorable mortgage rates for first-time home buyers - ??3D?? - China ?????3D?? The e-commerce company in China offers quality products such as ??3D?? , China ?????3D??, and more. For more , please visit ??3D?? today!
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