Zhongyuan Mortgage: Banks offer mortgage discounts to reduce capital cost burden

There are rumors in the market that large banks have cut mortgage cash rebates. Wang Meifeng, managing director of Centaline Mortgage, said that banks hope to reduce the pressure on capital costs. Wang Meifeng said on this station's program that the cash rebates for general mortgage customers have dropped to zero.

Bank mortgage discounts

According to the latest news, Centaline Mortgage pointed out that banks have recently reduced mortgage discounts, which will have a certain impact on mortgage customers. Wang Meifeng pointed out that this is an adjustment made by banks in order to reduce their own capital cost pressure.

Affects cost of capital

As banks reduce mortgage discounts, mortgage customers will face higher funding cost burdens. This will have a certain impact on the home loan market, which may affect customers' loan choices and repayment pressure.

coping strategies

For mortgage customers, faced with banks reducing their mortgage discounts, they can consider other ways to reduce their capital cost burden, such as by increasing the repayment period or looking for discounts from other financial institutions.

• Increase repayment period
• Find offers from other financial institutions

Conclusion

In general, banks' reduction in mortgage discounts will have a certain impact on mortgage customers, but customers can use some coping strategies to deal with this situation and reduce their funding cost burden.