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Mortgage Calculator
Mortgage
Personal Loan
Credit Card
Bank Account
Basic Mortgage
Property details
Mortgage Process
Verbal valuation and pre-approval
To avoid the problem of undervaluation, you should do a verbal valuation and pre-approval by mReferral or bank before signing the contract.
Mortgage Process
Sign the Provisional Agreement for Sale and Purchase
To avoid the problem of undervaluation, you should do a verbal valuation and pre-approval by mReferral or bank before signing the contract.
Mortgage Process
Seek advice from mReferral
Apply for a mortgage loan from at least three banks. If you want to apply in one go, mReferral would definitely help.
Mortgage Process
Submit documents
Provisional Agreement for Sale and Purchase, copy of ID card of borrower and guarantor (if any), income proof, e.g. employment contract/latest salary slip, bank book/statements showing salary income or latest tax demand note
Mortgage Process
Bank approves mortgage application
It usually takes a week to a month for the bank to approve a mortgage. Compare and choose the bank with the most suitable terms, and sign the letter of loan offer with bank. The bank will send a letter to your law firm to inform the lawyer to prepare the mortgage deed.
Mortgage Process
Sign documents at law firm
Before the transaction day, the buyer and the guarantor (if any) go to the law firm to sign the mortgage deed and other documents required by the bank.
Mortgage Process
Complete transaction
The law firm informs the bank that the bank will deliver the loan to the law firm to arrange delivery to the seller, and the transaction is completed. After the transaction is completed, the bank will issue a cash rebate for the mortgage within one month. In addition, a repayment process table will be sent to inform customers of the detailed information of the principal, interest and balance of the monthly payment.
Affordability Calculator
Monthly Income
HK$
Affordable monthly loan amount (Debt-to-income ratio)
HK$
Down Payment
HK$
Interest rate
P=5.375%
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Repayment Period
Please provide the following information (*mandatory)
Do you currently have an outstanding mortgage loan, either as guarantor or borrower?*
Please Select
Mortgage Application by Company or Individual*
Please Select
Are your income derived mainly in Hong Kong?*
Please Select
The property is purchased for self-use?*
Please Select
Property Type*
Completed Property
Cash Payment*
Yes
Total Monthly Debt Repayment Amount (Included 2nd mortgage)
HK$
The part of stress test assumed the applicants’ income derived mainly in Hong Kong, have not borrowed or guaranteed other outstanding mortgage(s) and be bought for self-use purpose. The above information is for reference only. No guarantee or representation is given by Midland as to its accuracy, completeness and/or applicability. All terms and conditions are subject to HKMA, HKMC, Inland Revenue Department, financial institution’s final announcement/approval. Information as of 22 August 2019.
Affordability Calculator
