In 2024, Tianjin's commercial loan policy is to reduce the down payment ratio. All districts in the city will implement a down payment of 20% and a second down payment of 30%. Extension of loan life: the loan life of all districts in the city is adjusted from the longest 25 years to 30 years. This is a "benefit without cost" policy. The biggest significance is to reduce the monthly repayment amount. Buying a house now is a "monthly supply logic", and I am afraid I can't afford it. If the loan term becomes longer, it is equivalent to less monthly supply, which is also a kind of "disguised interest rate cut".
Mortgage interest rate reduction: the first set of interest rate LPR-40 basis points; Two sets of interest rates LPR+20 basis points. (According to the latest LPR quotation in February 2023, the first interest rate is 3.8% and the second interest rate is 4.4%. ) In 2023, the LPR will be lowered only once, 10 basis point.
Relaxation of "recognizing housing but not lending": Tianjin quickly responded to the central bank's policy of recognizing housing and not lending. When residents' families (including borrowers, spouses and minor children) apply for loans to buy commercial housing in areas where housing is restricted or not, if family members do not have complete sets of housing under the name of the corresponding area, banking financial institutions will implement the housing credit policy according to the first set of housing regardless of whether they have used loans to buy housing.