September 13th, 2010 | 
Author: Select currency mortgages, see rates. When interest rates far lower than the RMB exchange rate, select the currency mortgage, you can pay less interest; when foreign rice loan rate is equal to or higher than the RMB interest rate housing loans more appropriate choice yuan more. Most people choose foreign currency loans due to the high expectations of RMB appreciation. Simply select the U.S. dollar loan repayment in dollars in the future, to enjoy the possible revaluation gains, most foreign nationals are reluctant to apply for RMB mortgage.
The number of foreign banks in the mortgage into a slight advantage. If you buy house, domestic bank loans to foreigners and compatriots into a number of generally 6 percent, while most foreign banks of 7 percent. Meanwhile, in order to attract customers, foreign banks have the best clients are basically the prime rate, usually in the benchmark interest rate to float downward 0.5-1.5 points, such as Standard Chartered Bank to take the first and second years of low interest rate loans, the first U.S. dollar lending rates in only 5%, but keep the current U.S. dollar interest rates, interest rate fluctuations is relatively large, choose which loans money to look at the customers own judgments and preferences of the.
In addition, more rapid speed of approval and lending of foreign banks, flexibility is superior than the state banks, some banks may arrange for clients in Hong Kong, Singapore repayment. However, large flexibility makes major foreign bank lending standards are not very uniform, the difference is greater, part of the bank’s lending threshold is relatively high, the author knows of a bank of China the number of years the current maximum loan is 20 years, not 30 years, recommends that customers need to select foreign banks more advice.
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