Baiju Second Mortgage

Mortgage loans under the Home Ownership Scheme for unpaid premiums are quite complicated. Here you can learn about the guarantee period, term, percentage, interest rate and rebate of HOS flats.

HOS Guarantee period

The government guarantees all HOS units for 30 years. If the owner 綠表居屋按揭 the supply during the guarantee period, the government will return the money to the bank. The guarantee period is calculated based on the first sale date. If it is a new HOS flat, the guarantee period is 30 years. If it is a second-hand HOS flat, assuming that the first sale date is 5 years ago, the remaining government guarantee period is 30-5 = 25 years.

Mortgage period

In white and green forms, the current maximum repayment period for first-hand HOS flats is 25 years. For second-hand HOS units, the actual term of the mortgage depends on the remaining term of the government guarantee term.

Mortgage ratio

The green ones are up to 95% of the HOS mortgages, and the white ones are up to 90% of the HOS mortgages. However, for second-hand HOS flats, the actual mortgage ratio will vary depending on the remaining period of the government guarantee period. The bank has a "log sheet" that shows how many mortgage periods can be achieved in each combination of guarantee period and mortgage percentage.

Mortgage interest rate and rebate

Home purchase plan mortgage loans can only be made at the best loan interest rate p specified in the plan, not mortgage loans specified by the government h. The current best HOS mortgage interest rate is p-2.75%, and the actual mortgage interest rate is 2.5%. As for the mortgage rebate for the new home ownership scheme, in addition to the bank rebate, those who apply for a mortgage through Star Valley can receive a cash reward of up to 1.7%. Do you want to know the best mortgage plan?

The "White No. 2" market has been very hot since June. Although the shoot merchants come and go in a hurry, they are eager to enter the market without understanding the laws of the market. They are likely to be hit by a landmine. The future owner must first understand the following mortgage volts before entering the market, otherwise this may be a waste of a once-in-a-lifetime golden opportunity!

What is the upper age limit for HOS mortgage applicants?

In the past, when the economy was stable, some banks tried to calculate the repayment period based on "applicant age minus 109 years", which meant that 90-year-olds could also repay mortgages in 19 years. However, this measure has recently been tightened, and the reduction of 109 is limited to one hand. If it is a second-hand home ownership scheme, the prospective buyer is over 90 years old, or can only get a 10-year mortgage. Some big banks even only use 25% off, so it’s important to shop around.

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