Bank rejects Taifeng mortgage, a false alarm, expert guidance VS construction period payment competition

Wang Xingxing Group is developing a new project in Tai Feng in Kowloon Bay. 336 units will be sold in the first round on Sunday. Earlier, it was rumored that many banks would not provide immediate mortgages for the project. However, the developer recently announced that it has been contracted by many banks. Mortgage offers buyers more options.

Bank’s refusal to accept Taifeng mortgage is a false alarm

The launch of Taifeng attracted market attention. However, there were earlier rumors that many banks were unwilling to provide immediate mortgages, making many buyers worried that they would not be able to buy what they wanted. However, the developer recently announced that it has reached cooperation with a number of banks to provide buyers with more flexible mortgage options.

Experts teach you how to prepare for meetings on the road

For buyers who plan to purchase Taifeng, experts recommend being fully prepared before attending the pre-sale meeting. You should know the loan conditions and interest rates of each bank in advance so that you can make a quick decision on the spot.

Comparison of advantages and disadvantages of immediate supply vs. payment during construction period

When choosing a mortgage option, buyers need to consider the pros and cons of immediate payment versus construction period payments. Immediate mortgages allow buyers to move in quickly, but the interest rates are higher; while construction-period mortgages have lower interest rates, but they have to wait for the construction to be completed before they can move in.

• Immediate Mortgage: Quick move-in, but higher interest rates.
• Construction payment: The interest rate is lower, but you have to wait for the construction to be completed.

Taking into account the pros and cons of both, buyers should make a suitable choice based on their own circumstances and needs to ensure smooth future living and investment.