Lu Ce
After the housing loan enters the repayment period, it actually enters the performance period of the contract. The terms of the contract can be changed through negotiation with the bank, so delaying repayment is nothing new.
The epidemic has caused many people to lose their jobs or reduce their income, and mortgages are the biggest debt in China. It is a heart-warming move for banks to grant a certain grace period, but in fact it will not have much impact on the bank’s business . After all, the central bank has lowered the deposit reserve ratio many times, and the demand for loans in the market is not very strong.
In fact, the bank is also saving itself. If the customer really cuts off the loan, the bank will take back the house and put it up for auction after a certain period of time.
China seems to be getting out of the epidemic, and the economic restart will most likely begin in early 2023. Next year is estimated to be a year of rapid economic development. I believe the market will rebuild confidence.
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