[Novice Teaching]A Crash Course for Home Ownership Mortgage! | Hong Kong 香港



Home ownership housing has achieved the dream of many Hong Kong people to get in the car, allowing them to gradually move up the home ownership ladder. In this episode, I will introduce to you what you should pay attention to in the HOS mortgage! Compared with buying a private property, the mortgage rate that HOS applicants can achieve will be higher. Green form applicants can borrow up to 90% of the full price of a mortgage for new HOS flats, and white form applicants can borrow up to 90% of the full price. The maximum payment period for both is 25 years. As for second-hand HOS flats, it is necessary to pay attention to the number of years remaining in the government guarantee period. Banks generally have a “logarithmic table” that lists the remaining years of the government guarantee period and corresponds to the highest mortgage rate that can be applied for. Government-guaranteed HOS housing is provided by the government for a 30-year guarantee period. Even if the owner breaks the supply during the guarantee period, the government will repay the bank with a “guaranteed” mortgage. Therefore, there is no need to apply for mortgage insurance. Banks are willing to provide a higher percentage of mortgages. The guarantee period will be calculated based on the first sale date. If the HOS applicant is buying a second-hand HOS and the first sale date of the second-hand HOS is 10 years ago, the government guarantee period will be 30-10=20 years . Exemption of stress test As long as the applicants who are eligible for white form and green form can get on the bus without stress test during the government guarantee period, the applicant only needs to declare income to the bank and pass the check of the contribution income limit to prove that the mortgage payment does not exceed the individual Or 50% of the family’s monthly income. However, the final decision on whether or not to do the stress test remains with the bank. Mortgage Plan For private property purchases, you can choose between “H Mortgage” and “P Mortgage” mortgage loan interest rates. As for HOS applicants, whether it is a white form or a green form, the applicant can only use the “P button”, and the maximum repayment period is 25 years. Remortgage and remortgage. Under the condition that the land price is not paid, the housing authority needs to obtain the written consent of the Housing Authority for refinancing or refinancing. According to past examples, only the head of the household needs money for medical and family expenses in order to be approved. , And referring to past cases, the probability of approval is also low. The procedures involved in applying for a mortgage are complicated, and it is recommended that you still entrust a professional mortgage consultant to handle it on your behalf! 📌 If you have any questions about the property market or mortgage, please leave a message below, or inquire with our online customer service: ▄▄▄▄▄▄▄⭐️ Featured videos⭐️ ▄▄▄▄▄▄▄▄ 📺【Novice teaching】Buy second-hand properties Take a look! 📺[Beginner Teaching]Dissolve the 5 “Limited” Words in the Greater Bay Area 📺[Beginner Teaching]90% Guaranteed Boarding FAQ 📺[Novice Teaching]Practical Guide to Renting a Building▼▼See more▼▼ Property”: Subscribe to ” HongKongFloorPlans” YouTube channel: h Like ” HongKongFloorPlans” Facebook page: Follow ” HongKongFloorPlans” Instagram: Follow public account: meilian_hk ( HongKongFloorPlans Hong Kong).

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