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We can see that the differential replica versace sunglasses policy mainly refers to personal housing mortgage loan policy . Mainly based on the spirit of 2010 ten countries to develop . The first 275 years of the State Council Document No. 1 Document and the central bank and the CBRC 2010 2011 . These two documents are commercial banks deal with personal housing mortgage loans latest documents or differentiated housing credit policy . In both documents , the meaning of the first layer of differentiated credit policy is to prohibit local residents to purchase housing and the third set over more than prohibiting residents to buy second homes with mortgage loans with mortgage loans in different places . In other words, whether local or foreign resident population , in order to purchase mortgage loans through the use of third homes versace sunglasses more than is strictly prohibited. While prohibiting residents more places to buy second homes. For residents of different places to buy first homes must pay local tax certificate or proof of social security , otherwise it is prohibited to obtain bank loans. In this credit conditions , the versace sunglasses wants to use bank credit to buy more houses are basically the third set is strictly prohibited. In other words, whether local or foreign residents to take advantage of resident bank credit speculation over the third set of housing strictly prohibited. This is the meaning of the first layer of differentiated credit policies. The second meaning of differentiated credit policy is to separate the area of housing investment and consumption . versace replica sunglasses of local residents to purchase a second home down payment ratio shall not be less than 60 % interest rate not less than 1.1 times the benchmark rate . That is, if the local residents to purchase a home is still a profitable investment behavior , versace sunglasses individuals can also enter the Belts Replica through mortgage loans . But not only reduces the leverage and financing costs also increased exponentially . Here no less than 60 percent down payment , fake versace sunglasses down payment of 60% is the bottom line . Under different conditions , the down payment to purchase a home in the second set also rose more than 60% , for example 70%, 80 %. The loan interest rate of not less than 1.1 times the benchmark interest rate , versace sunglasses replica refers to the purchase of second homes in the interest of not less than 1.1 times the benchmark interest rate , which is the bottom line to buy a second loan rates .