It has been almost two months since the new 828 mortgage policy was introduced, and the 40-year personal mortgage policy has been fully implemented at the bank level. A number of bank sources revealed that the proportion of people applying for a 40-year mortgage in September and October fell short of expectations. Some national banks only sold about 800 transactions in February, and overall remained on the sidelines; the number of customers with a period of around 30 years was more than double the number of customers applying for a 40-year mortgage, and buyers with high total prices would prefer to choose a 40-year mortgage. For projects where the loan node obtained a pre-sale license after August 28, the loan period was significantly delayed until the project was completed and registered. It is expected that the number of subsequent applicants will continue to increase somewhat.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.