Chinese regulators eased the nation's mortgage requirements to let more home buyers enjoy favorable mortgage conditions that were previously limited to...
Chinese regulators eased the nation's mortgage requirements to let more home buyers enjoy favorable mortgage conditions that were previously limited to first-time home purchasers, the state-run Xinhua News Agency said on Friday.
China's central bank, the Ministry of Housing and Urban-Rural Development and the National Financial Regulatory Administration jointly eased the requirements for home buyers who have already purchased homes to boost property sales as the real-estate slump continued, according to Xinhua. Home buyers who don't have family members with houses registered under their names can enjoy favorable terms that were previously limited to people buying their first homes, according to Xinhua.
First-home buyers are normally given cheaper mortgage rates than other buyers who have at least one apartment. First-home buyers are also required to make smaller down payments, as low as 20% of the total property value.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
August is the time for a new school year, new experiences, and new anxieties for kidsAugust and September are especially stressful for students heading back to school as they deal with the pressure of school work, change in their summer routine, and sometimes bullying
Read more »
Google Photos Rolls Out New Editing Tools For WebIt has a much improved aspect ratio tool.
Read more »
Deezer rolls out new Home and Explore tabs on mobileDeezer, one of the major music streaming services available worldwide, has just launched two new tabs on mobile: Home and Explore.
Read more »
China's Commerce Ministry: China will state its stance on economic and trade matters of concernOn US Commerce Secretary Raimondo's visit to China, the Chinese Commerce Ministry said in a statement on Thursday, “China will state its stance on eco
Read more »
US approves new $500M arms sale to Taiwan as aggression from China intensifiesThe Biden administration has approved a new $500 million arms sale to Taiwan as it ramps up military assistance to the island despite fervent objections from China.
Read more »
US approves new $500M arms sale to Taiwan as aggression from China intensifiesThe Biden administration has approved a new $500 million arms sale to Taiwan as it ramps up military assistance to the island despite fervent objections from China
Read more »