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CGCC Hosts Morgage Seminar with Wells Fargo
April 11, 2013 -- As the Chinese business community in the U.S. is growing bigger, Chinese are becoming an emerging purchasing power in the residential real estate market. At the very time, CGCC organized a seminar, with CGCC’s associate member Wells Fargo, titled "Residential real estate mortgage loan program, deposit and identity-related conditions", on April 11th to provide services for the Chinese business community in the U.S.
Wells Fargo Bank, as a diversified global financial services company, plays an important role in the residential real estate transaction market in the U.S. During 2012. Wells Fargo Bank represents for over 30% mortgage loans of total, alone. The seminar provides information of the latest situation of the residential real estate mortgage loans and related conditions. Especially focuses on how different standardizations when apply for personal mortgage loans with different types of visas, covering details on current market rate trend, closing cost and bank strategy.
Over 50 people participate in the seminar, showing great interest on the topic. They express their opinions actively, discussing the problems may encounter while dealing with residential real estate transactions.
Wells Fargo's China desk Director Robin Chen from Wells Fargo is presenting