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The tax officials might stall the final figures for four months, deterring Ping An's refinancing plan, the 21st Century Business Herald reported Thursday, citing an unnamed source within the State Administration of Taxation.
It is, in essence, like coming close to wiping away a 30-year mortgage debt on a house and then, in the 25th year, refinancing for another 30 years.
While the bank's home loan machine showed signs of slowing as a recent uptick in interest rates discouraged borrowers from refinancing their mortgages, Wells recorded its 14th-consecutive rise in quarterly profit and ninth-straight record report.
Refinancing requires some equity.
Others are refinancing their properties.
Southern California Water District, $59.4 million of revenue and refinancing bonds.
Companies have limited choices for refinancing needs.
If mortgage rates rise, refinancing could slump.
Already, refinancing activity appears to be slowing.
Is refinancing worth the upfront costs?
Refinancing might make things worse.
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CEO of Professional Science Editing for Scientists @ prosciediting.com