Related News
Home 禄 Business 禄 Real Estate
Mortgage Lending Ceiling Goes Up Again
By Cherry Cao |
January 6, 2009, Tuesday
|
Print Edition
Print Edition
SHANGHAI has again raised the ceiling on mortgage lending in the city's housing fund program for second-time home buyers, the second increase within 10 days.
Lasting till the end of this year, the mortgage lending ceiling in the program will be raised to 600,000 yuan (US$87,600) for second-time buyers if at least two people cover the repayment and they have repaid the loan on their first house. In addition, mortgage applicants are required to provide official documents to certify the family owns only one house, the Shanghai Provident Fund Management Center said in a statement on its Website on Sunday.
These families will be eligible for a maximum loan of 800,000 yuan if they have an extra funding account.
Previously, only first-time home buyers were eligible for the ceiling and maximum loan amount.
But in cases whereby only one person is to cover the repayment, the ceiling has also been raised to 300,000 yuan and a maximum loan of 400,000 yuan applies if the first loan has been repaid and the applicant doesn't own more than one house.
Lasting till the end of this year, the mortgage lending ceiling in the program will be raised to 600,000 yuan (US$87,600) for second-time buyers if at least two people cover the repayment and they have repaid the loan on their first house. In addition, mortgage applicants are required to provide official documents to certify the family owns only one house, the Shanghai Provident Fund Management Center said in a statement on its Website on Sunday.
These families will be eligible for a maximum loan of 800,000 yuan if they have an extra funding account.
Previously, only first-time home buyers were eligible for the ceiling and maximum loan amount.
But in cases whereby only one person is to cover the repayment, the ceiling has also been raised to 300,000 yuan and a maximum loan of 400,000 yuan applies if the first loan has been repaid and the applicant doesn't own more than one house.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
