Help for homeowners

PUBLISHED : Saturday, 20 October, 2001, 12:00am
UPDATED : Saturday, 20 October, 2001, 12:00am

Bank of China Group said it would offer 100 per cent mortgages for homeowners suffering from negative equity. The bank will offer interest from 0.25 per cent below the prime rate to 2 per cent below the prime rate. A bank spokesman said it would determine the interest rate based on the clients' credit record and income.


 

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