Starting this Friday, several major banks in the Chinese mainland are shaking things up in the mortgage world! 🏦✨ Homebuyers, get ready for some game-changing news.
Until now, if you had a mortgage in China, your interest rate could only be adjusted once a year. 📅 Sounds limiting, right? Well, that's about to change!
With the new pricing system, you'll have the power to choose how often your mortgage rate gets adjusted. Whether it's every three months, six months, or sticking with the once-a-year option—it's totally up to you! 🕑🔄
This move brings greater flexibility and control to homebuyers, making it easier to adapt to market changes and manage your finances effectively. 💰👍
So if you're planning to buy a home, or already have a mortgage, it's time to chat with your bank and see how you can benefit from these new options! 🏡💬
Reference(s):
China's commercial banks introduces new mortgage pricing system
cgtn.com
