Best Mortgage Loan Rates & Cash Rebate in Hong Kong 2021

Launched by The Hong Kong Mortgage Corporation Limited (‘HKMC’), Mortgage Insurance Programme (‘MIP’) provides mortgage insurance to banks to offer mortgage loans with higher LTV ratio (80-90%) without taking additional credit risk. The premium can be paid in one go, yearly or in instalment calculated into the mortgage. Car parking mortgages are different from residential property mortgages in terms of LTV ratio, interest rate and repayment period.

We support you along the way with our competitive mortgage offers to ensure that your experience is as pleasant and smooth as possible. A deposit amount of less than, or equal to, 50% of the outstanding loan balance is maintained. Any deposit amount exceeding this limit will be calculated on the basis of Citibank Limited’s normal call deposit rate. If the property value is above HK$11,250,000 to HK$19,200,000, the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio of 80% with max loan cap of HK$9,600,000. If the property value is above HK$10,000,000 to HK$11,250,000, the maximum loan amount shall be calculated at the maximum Loan-to-Value ratio of 80%.

Manage your cash flow more easily with loans to cover a variety of expenses. A loan designed to meet the unique needs of property investors. Follow the movements of the money market more closely, as well as getting the extra protection of an interest rate cap. Base your mortgage interest rate on HIBOR2 based to better reflect the local money market movement. Earn the same interest rate you pay on your mortgage for a portion of savings – up to 50% of the outstanding balance on your mortgage.

We’re here to help you manage your finances with our digital banking services on HSBC Mobile apps. Questions about how the coronavirus is affecting your finances or our services? The 香港按揭 Corporation helps in the stability of the banking sector and development of retirement planning solutions. We will remind ⏰ you upon successful application and provide you with suggestions and assistance you may need until you have successfully got the mortgage. Stamp duty refers to the tax payable to the government for selling or buying properties.

Gain an understanding of current policies affecting the property market, so you can plan your budget better before buying a property. Use our valuation tool to help estimate the property’s market value, for free. You may apply mortgage with mortgage deposit linked feature. If an applicant is holding or guaranteeing one or more outstanding mortgages when he/she applies for the MIP, the maximum DTI ratio has to be lowered. Learn how much you can borrow and calculate repayment amounts. You can also see what you can save with a Deposit-linked Mortgage.

However, the staff at the branch is only responsible for receiving the application forms instead of processing it. MoneySmart will instead follow up on your application directly and we have a direct contact at the mortgage department of each major bank. You can apply for an array of plans with a consolidated application form and the application results will be available in just 9 working days. MoneySmart will remind you upon successful application and provide you with any advice and support you may need until you have successfully taken out your mortgage. The maximum mortgage term is usually calculated by ‘75- age of the property’.

Public housing owners can apply for a mortgage of 95% or even 100% LTV ratio and the maximum repayment period is 25 years. Moreover, mortgage borrowers are exempt from the stress test, and the interest is the same as that of a private property. If the public housing unit is resold within five years, it is subject to more restrictions.

The Bank also does not assume any liability for any reliance on such information. Twenty used homes changed hands at 10 housing estates in the city over the weekend after the government eased mortgage limits, according to data by Centaline, a six-month high. 1.The trees will be planted through One Tree Planted to support Indonesia’s reforestation project. Enables you to buy if you only have a small down payment.

Aircraft Mortgage means that “Aircraft Mortgage” as defined in Section 4.01, as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time. Blanket Mortgage The mortgage or mortgages encumbering the Cooperative Property. They are provided by the BD, the URA, the HKHS and the Hong Kong Mortgage Corporation Limited as outlined below. We reserve the right to amend the above content from time to time without prior notice. The interest rate will purely follow the movement and simply follows the fluctuation of HIBOR, protects you from the fluctuation of Hong Kong Dollar Prime Rate.

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