Mortgage Loans

man

Mortgage Loans

Does not require proof of income documents
Does not require financial statement of the company
Immediate approval and disbursement within 24 hours

Any property is welcome
Loan-to-value ratio up to 80%
Loans of tens of millions can be processed in a day
No hidden fee
Exempt from legal fee, handling fee and valuation fee
No default interest for early settlement

Loan-to-value ratio up to 80%
Interest rate as low as 8%
Turn property’s value into cash anytime

Approval within an hour and disbursement within 24 hours
Simple application that requires simple documents and no stress test
Daily calculation of interest, borrow and repay whenever you want
Exempt from valuation fee, legal fee or any charges

Remark: The actual loan amount, interest rate and other conditions are subject to the loan documents accepted and signed by the client. Hong Kong Finance Company Limited reserves the right to make the final decision in case of disputes.

Loan amount
$
Interest rate (per annum)
%
Repayment period (months)
months
Monthly installment 0

If the address search on the left fails to fetch the subject property, please contact us for property valuation via E-mail.

Case sharing

happy girl

Turn property’s value into cash for investment under housing market growth

Background: Mr. Lee runs a plastic toy business. Considering the ever-growing cost of investment in the housing market recently, he wanted to invest in the stock market instead. However, he had insufficient cash flow and could only let the investment opportunity slip away.



Solution

Due to a friend's recommendation, Mr. Lee applied for a cash-out refinance on his existing property in Hong Kong with Hong Kong Finance. In just a few days, he already profited repeatedly from the stock market! Hong Kong Finance’s mortgage service does not require a proof of income document and allows for a first mortgage loan-to-value ratio of up to 80%. Mr. Lee could even opt for monthly interest-only repayments and repay the principal after capital recovery. Investment is more flexible with Hong Kong Finance!

Any property is eligible
No limitation on type and age of property
Simple application and express approval

Simple application that requires simple documents and no title deed
Exempt from review of credit report and stress test
Same-day approval and disbursement within 24 hours
Exempt from handling fee, legal fee and valuation fee

*Remark: The actual loan amount, interest rate and other conditions are subject to the loan documents accepted and signed by the client. Hong Kong Finance Company Limited reserves the right to make the final decision in case of disputes.

Loan amount
$
Interest rate (per annum)
%
Repayment period (months)
months
Monthly installment 0

If the address search on the left fails to fetch the subject property, please contact us for property valuation via E-mail.

Case sharing

happy girl

Professional investors’ second mortgage Loan for investing in industrial building under revitalisation

Background: Mr. and Mrs. Ho are professional investors who invest in and lease out a number of properties for a living. The prices of industrial building properties have been rising drastically due to the industrial building revitalisation measures launched by the Hong Kong Government. In light of this, Mr. and Mrs. Ho urgently needed to sell one of their properties to purchase an industrial unit. Unfortunately, the trading volume of properties plummeted recently. They did not want to let the investment opportunity slip away, so they went to a bank and planned to gather capital by applying for a second mortgage loan on a property that had significantly increased in value. However, they were rejected by the bank right away, as their application involved a loan amount of over ten million and was too urgent.



Solution

Hong Kong Finance’s mortgage service allows for same-day disbursement even if the loan amount is up to tens of millions. Customers can even borrow a loan amount of 100% of any property value increase. With Hong Kong Finance’s assistance, Mr. and Mrs. Ho were granted over ten million dollars in cash in a day and were able to purchase their ideal industrial unit at a low price. They resold it to another buyer in just a few days and earned the price difference with ease, while only having to pay the interest for a few days. Converting increased property value into cash for investment is so easy!

Lower interest rate
Instant boost of loan amount

Interest rate reduction upon provision of original mortgage document
No transfer fee and legal fee
Daily interest calculation and no default interest for early settlement
Fixed interest rate and instalments over the entire term of repayment

*Remark: The actual loan amount, interest rate and other conditions are subject to the loan documents accepted and signed by the client. Hong Kong Finance Company Limited reserves the right to make the final decision in case of disputes.

Loan amount
$
Interest rate (per annum)
%
Repayment period (months)
months
Monthly installment 0

If the address search on the left fails to fetch the subject property, please contact us for property valuation via E-mail.

Case sharing

happy girl

Simple application procedures. Cash out anytime with mortgage loan transfer and extended loan amount.

Background : simple application for mortgage loan transfer and additional cash out anytime. Mr. Cheung was diagnosed with a hidden acute disease during a routine body check-up. As he needed to reserve money for household expenses during work suspension after his surgery, it was difficult for him to raise money for the enormous medical bill amount in a short period of time. He thought about transferring the loan on his mortgaged property to a new lender for additional loan amount but was faced with a complicated procedure, including income review, stress test and the review of financial statements. He could not make the transfer all of a sudden.



Solution

Luckily, Mr. Cheung learnt about Hong Kong Finance online. He found that he could refinance his property so as to get more cash out for his medical fees. Hong Kong Finance’s mortgage service does not require a proof of income document or financial statement and offers a lower interest rate and additional cash out amount. It is an ideal choice for those with an urgent need for cash.

Cash out amount of 100% of property value increase

Same-day disbursement of tens of millions without a title deed
No limitation on type and age of property
Daily calculation on interest, suitable for short-term capital needs
Suitable for self-employed people without showing the proof of income documents

*Remark: The actual loan amount, interest rate and other conditions are subject to the loan documents accepted and signed by the client. Hong Kong Finance Company Limited reserves the right to make the final decision in case of disputes.

Loan amount
$
Interest rate (per annum)
%
Repayment period (months)
months
Monthly installment 0

If the address search on the left fails to fetch the subject property, please contact us for property valuation via E-mail.

Case sharing

happy girl

Mortgage further advance on blue-chip property for business expansion

Background: Mr. Lee runs a Taiwanese-style tea business. To ride on the thriving trend of Taiwanese tea drinks and seize the opportunity, he planned to open three more branches in Mong Kok on top of the four stores he already owned. However, this could easily take millions of dollars. He had limited capital and was afraid that raising the money gradually would cost him the precious opportunity. Hence, he thought about getting a further advance on the blue-chip property that he was living in and had increased in value. Unfortunately, the bank was very cautious in reviewing his case and could not provide him with the loan amount he needed.



Solution

Due to a friend’s recommendation, Mr. Lee opted for Hong Kong Finance’s mortgage further advance service. Without having to submit any financial statement, he was able to convert 100% of the property value increase into cash and realise his plan for business expansion right away.

FAQ

Why should I choose Hong Kong Finance?

Hong Kong Finance is a listed company subject to strict regulations and one of the top 10 providers of professional mortgage services in Hong Kong. We offer: a loan amount of 100% of increase in property value; exemption from income proof and stress test; zero default interest for early settlement; a flexible repayment period; a loan-to-value ratio of up to 80% of the value of any properties

Is there any fees to be charged during the loan application?

At Hong Kong Finance, loan application is absolutely free-of-charge, with no legal fee, handling fee or valuation fee. We will not charge any fees if the application is disapproved or cancelled, or if the loan is not confirmed and accepted at the end.

Are the loan applications processed by lawyers?

Yes. To ensure the delivery of high-quality, reliable and statutory mortgage services, we have commissioned a reputable law firm in Admiralty to handle the applications for us.

Can I apply for loans if I am self-employed or do not have a proof of income document?

Yes, you can apply for loans even if you are self-employed or have no proof of income document.

Can I apply for loans if I am over 65 years old or am retired?

Yes, there is no age limit for loan applications. You can apply anytime without having to submit any proof of income document.

Can I apply for a mortgage on a property transferred by a deed of gift?

Under normal circumstances, you can apply for a mortgage three years after the transfer. However, we allow for flexible arrangements under special conditions. A loan application may be approved within three years after the transfer.

What is the difference between interest-only and principal-and-interest repayments?

For interest-only repayments, borrowers pay the monthly interest and are only required to repay the principal in full after the end of term; meanwhile, a monthly principal-and-interest repayment includes both the interest and the principal, just as how mortgage repayments to banks are made.

Can I apply for a mortgage loan on old or tenement buildings?

Yes, you can. We accept loan applications on properties of any types and ages, including private domestic apartments, HOS flats whose owners have paid the land premium, tenement buildings, village houses, shops, industrial and commercial properties and car park spaces. You can easily convert the value of any properties into cash.

How long is the maximum repayment period?

The repayment period is very flexible and may range from one month to 20 years.

What are the documents required for mortgage loan application?

You only need to prepare the following documents: identity documents (e.g. Hong Kong Identity Card, passport or Home Return Permit), proof of address (e.g. recent demand for rates or management fee bill), monthly bank statement over the last three months or a facility letter issued by a financial institution.

How long does disbursement take after a loan application has been approved?

Usually, you can get your loan within 24 hours.

Can I apply for loans on a company-owned property?

Yes, you can do so as long as all the stakeholders agree to be guarantors.

Can I apply for a second mortgage loan on a property that has an existing mortgage with a bank or financial institution?

Yes, the landlords can apply for a second mortgage loan or cash-out refinancing on their property anytime without the title deed.

Can I sell my property during the loan period?

You can sell your property anytime within the repayment period without our prior consent.

Can PRC residents apply for loans?

PRC residents are eligible for loan applications by providing their identity card and passport as well as the information of their Hong Kong property.

If I want to apply for a loan on a jointly-owned property, do I need to obtain the consent of all the co-owners?

Yes, you cannot take out a loan on a jointly-owned property without the consent of all the co-owners. While the application can be lodged by one of the co-owners or a trustee, all the co-owners must be present at the law firm to sign off the official loan contract.

Why should I choose Hong Kong Finance?

Hong Kong Finance is a listed company subject to strict regulations and one of the top 10 providers of professional mortgage services in Hong Kong. We offer: a loan amount of 100% of increase in property value; exemption from income proof and stress test; zero default interest for early settlement; a flexible repayment period; a loan-to-value ratio of up to 80% of the value of any properties

How long is the maximum repayment period?

The repayment period is very flexible and may range from one month to 20 years.

Is there any fees to be charged during the loan application?

At Hong Kong Finance, loan application is absolutely free-of-charge, with no legal fee, handling fee or valuation fee. We will not charge any fees if the application is disapproved or cancelled, or if the loan is not confirmed and accepted at the end.

What are the documents required for mortgage loan application?

You only need to prepare the following documents: identity documents (e.g. Hong Kong Identity Card, passport or Home Return Permit), proof of address (e.g. recent demand for rates or management fee bill), monthly bank statement over the last three months or a facility letter issued by a financial institution.

Are the loan applications processed by lawyers?

Yes. To ensure the delivery of high-quality, reliable and statutory mortgage services, we have commissioned a reputable law firm in Admiralty to handle the applications for us.

How long does disbursement take after a loan application has been approved?

Usually, you can get your loan within 24 hours.

Can I apply for loans if I am self-employed or do not have a proof of income document?

Yes, you can apply for loans even if you are self-employed or have no proof of income document.

Can I apply for loans on a company-owned property?

Yes, you can do so as long as all the stakeholders agree to be guarantors.

Can I apply for loans if I am over 65 years old or am retired?

Yes, there is no age limit for loan applications. You can apply anytime without having to submit any proof of income document.

Can I apply for a second mortgage loan on a property that has an existing mortgage with a bank or financial institution?

Yes, the landlords can apply for a second mortgage loan or cash-out refinancing on their property anytime without the title deed.

Can I apply for a mortgage on a property transferred by a deed of gift?

Under normal circumstances, you can apply for a mortgage three years after the transfer. However, we allow for flexible arrangements under special conditions. A loan application may be approved within three years after the transfer.

Can I sell my property during the loan period?

You can sell your property anytime within the repayment period without our prior consent.

What is the difference between interest-only and principal-and-interest repayments?

For interest-only repayments, borrowers pay the monthly interest and are only required to repay the principal in full after the end of term; meanwhile, a monthly principal-and-interest repayment includes both the interest and the principal, just as how mortgage repayments to banks are made.

Can PRC residents apply for loans?

PRC residents are eligible for loan applications by providing their identity card and passport as well as the information of their Hong Kong property.

Can I apply for a mortgage loan on old or tenement buildings?

Yes, you can. We accept loan applications on properties of any types and ages, including private domestic apartments, HOS flats whose owners have paid the land premium, tenement buildings, village houses, shops, industrial and commercial properties and car park spaces. You can easily convert the value of any properties into cash.

If I want to apply for a loan on a jointly-owned property, do I need to obtain the consent of all the co-owners?

Yes, you cannot take out a loan on a jointly-owned property without the consent of all the co-owners. While the application can be lodged by one of the co-owners or a trustee, all the co-owners must be present at the law firm to sign off the official loan contract.

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