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Cybernetics Property Mortgage Limited
1 |
Sign the sales and purchase contract
|
2 |
Sign the Cybernetics Property Mortgage Referral Form
|
3 |
Mortgage colleagues provide market banking information and follow up on applications
|
4 |
Provide the bank with the required approval documents to apply for a mortgage
|
5 |
Successfully approved by the bank
|
6 |
Law firm closing and loan withdrawal
|
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 70% up to 75% | 10 | 0.00 | N/A | N/A |
15 | 0.00 | ||||
20 | 0.00 | ||||
25 | 0.00 | ||||
30 | 0.00 | ||||
70% up to 80% | 10 | 0.50 | 0.45 | 0.22 | |
15 | 0.60 | 0.55 | 0.22 | ||
20 | 0.76 | 0.65 | 0.22 | ||
25 | 0.83 | 0.70 | 0.22 | ||
30 | 0.92 | 0.80 | 0.22 | ||
70% up to 85% | 10 | 0.86 | 0.65 | 0.43 | |
15 | 1.02 | 0.75 | 0.43 | ||
20 | 1.25 | 0.85 | 0.43 | ||
25 | 1.35 | 0.95 | 0.43 | ||
30 | 1.41 | 1.05 | 0.43 | ||
70% up to 90% | 10 | 1.25 | 0.85 | 0.61 | |
15 | 1.48 | 1.04 | 0.61 | ||
20 | 1.79 | 1.23 | 0.61 | ||
25 | 2.03 | 1.41 | 0.61 | ||
30 | 2.16 | 1.60 | 0.61 | ||
Fixed Adjustable Rate for Farm * | 70% up to 75% | 10 | 0.00 | N/A | N/A |
15 | 0.00 | ||||
20 | 0.00 | ||||
25 | 0.00 | ||||
30 | 0.00 | ||||
70% up to 80% | 10 | 0.47 | 0.40 | 0.22 | |
15 | 0.57 | 0.50 | 0.22 | ||
20 | 0.73 | 0.60 | 0.22 | ||
25 | 0.79 | 0.65 | 0.22 | ||
30 | 0.86 | 0.75 | 0.22 | ||
70% up to 85% | 10 | 0.76 | 0.60 | 0.38 | |
15 | 0.96 | 0.70 | 0.38 | ||
20 | 1.12 | 0.80 | 0.38 | ||
25 | 1.18 | 0.90 | 0.38 | ||
30 | 1.28 | 1.00 | 0.38 | ||
70% up to 90% | 10 | 1.16 | 0.80 | 0.57 | |
15 | 1.37 | 0.98 | 0.57 | ||
20 | 1.70 | 1.15 | 0.57 | ||
25 | 1.92 | 1.26 | 0.57 | ||
30 | 2.05 | 1.45 | 0.57 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction)
^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 70% up to 75% | 10 | 0.15 | N/A | N/A |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
70% up to 80% | 10 | 0.65 | 0.50 | 0.24 | |
15 | 0.75 | 0.60 | 0.24 | ||
20 | 0.91 | 0.70 | 0.24 | ||
25 | 0.98 | 0.75 | 0.24 | ||
30 | 1.07 | 0.85 | 0.24 | ||
70% up to 85% | 10 | 1.01 | 0.70 | 0.45 | |
15 | 1.17 | 0.80 | 0.45 | ||
20 | 1.40 | 0.90 | 0.45 | ||
25 | 1.50 | 1.00 | 0.45 | ||
30 | 1.56 | 1.10 | 0.45 | ||
70% up to 90% | 10 | 1.40 | 0.90 | 0.63 | |
15 | 1.63 | 1.09 | 0.63 | ||
20 | 1.94 | 1.28 | 0.63 | ||
25 | 2.18 | 1.46 | 0.63 | ||
30 | 2.31 | 1.65 | 0.63 | ||
Fixed Adjustable Rate for Farm * | 70% up to 75% | 10 | 0.15 | N/A | N/A |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
70% up to 80% | 10 | 0.62 | 0.45 | 0.24 | |
15 | 0.72 | 0.55 | 0.24 | ||
20 | 0.88 | 0.65 | 0.24 | ||
25 | 0.94 | 0.70 | 0.24 | ||
30 | 1.01 | 0.80 | 0.24 | ||
70% up to 85% | 10 | 0.91 | 0.65 | 0.40 | |
15 | 1.11 | 0.75 | 0.40 | ||
20 | 1.27 | 0.85 | 0.40 | ||
25 | 1.33 | 0.95 | 0.40 | ||
30 | 1.43 | 1.05 | 0.40 | ||
70% up to 90% | 10 | 1.31 | 0.85 | 0.59 | |
15 | 1.52 | 1.03 | 0.59 | ||
20 | 1.85 | 1.20 | 0.59 | ||
25 | 2.07 | 1.31 | 0.59 | ||
30 | 2.20 | 1.50 | 0.59 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction)
^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 70% up to 75% | 10 | 0.00 | N/A | N/A |
15 | 0.00 | ||||
20 | 0.00 | ||||
25 | 0.00 | ||||
30 | 0.00 | ||||
70% up to 80% | 10 | 0.60 | 0.53 | 0.26 | |
15 | 0.71 | 0.64 | 0.26 | ||
20 | 0.90 | 0.76 | 0.26 | ||
25 | 0.97 | 0.81 | 0.26 | ||
30 | 1.09 | 0.93 | 0.26 | ||
70% up to 85% | 10 | 1.01 | 0.76 | 0.50 | |
15 | 1.20 | 0.87 | 0.50 | ||
20 | 1.46 | 0.99 | 0.50 | ||
25 | 1.57 | 1.10 | 0.50 | ||
30 | 1.64 | 1.22 | 0.50 | ||
70% up to 90% | 10 | 1.46 | 0.99 | 0.70 | |
15 | 1.72 | 1.20 | 0.70 | ||
20 | 2.08 | 1.42 | 0.70 | ||
25 | 2.35 | 1.63 | 0.70 | ||
30 | 2.50 | 1.85 | 0.70 | ||
Fixed Adjustable Rate for Farm * | 70% up to 75% | 10 | 0.00 | N/A | N/A |
15 | 0.00 | ||||
20 | 0.00 | ||||
25 | 0.00 | ||||
30 | 0.00 | ||||
70% up to 80% | 10 | 0.56 | 0.47 | 0.26 | |
15 | 0.68 | 0.58 | 0.26 | ||
20 | 0.86 | 0.70 | 0.26 | ||
25 | 0.94 | 0.76 | 0.26 | ||
30 | 1.01 | 0.87 | 0.26 | ||
70% up to 85% | 10 | 0.90 | 0.70 | 0.44 | |
15 | 1.12 | 0.81 | 0.44 | ||
20 | 1.31 | 0.93 | 0.44 | ||
25 | 1.38 | 1.04 | 0.44 | ||
30 | 1.49 | 1.16 | 0.44 | ||
70% up to 90% | 10 | 1.35 | 0.93 | 0.66 | |
15 | 1.60 | 1.13 | 0.66 | ||
20 | 1.98 | 1.33 | 0.66 | ||
25 | 2.23 | 1.46 | 0.66 | ||
30 | 2.38 | 1.68 | 0.66 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction) ^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$17.15 million
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 70% up to 75% | 10 | 0.15 | N/A | N/A |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
70% up to 80% | 10 | 0.75 | 0.58 | 0.28 | |
15 | 0.86 | 0.69 | 0.28 | ||
20 | 1.05 | 0.81 | 0.28 | ||
25 | 1.12 | 0.86 | 0.28 | ||
30 | 1.24 | 0.98 | 0.28 | ||
70% up to 85% | 10 | 1.16 | 0.81 | 0.52 | |
15 | 1.35 | 0.92 | 0.52 | ||
20 | 1.61 | 1.04 | 0.52 | ||
25 | 1.72 | 1.15 | 0.52 | ||
30 | 1.79 | 1.27 | 0.52 | ||
70% up to 90% | 10 | 1.61 | 1.04 | 0.72 | |
15 | 1.87 | 1.25 | 0.72 | ||
20 | 2.23 | 1.47 | 0.72 | ||
25 | 2.50 | 1.68 | 0.72 | ||
30 | 2.65 | 1.90 | 0.72 | ||
Fixed Adjustable Rate for Farm * | 70% up to 75% | 10 | 0.15 | N/A | N/A |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
70% up to 80% | 10 | 0.71 | 0.52 | 0.28 | |
15 | 0.83 | 0.63 | 0.28 | ||
20 | 1.01 | 0.75 | 0.28 | ||
25 | 1.09 | 0.81 | 0.28 | ||
30 | 1.16 | 0.92 | 0.28 | ||
70% up to 85% | 10 | 1.05 | 0.75 | 0.46 | |
15 | 1.27 | 0.86 | 0.46 | ||
20 | 1.46 | 0.98 | 0.46 | ||
25 | 1.53 | 1.09 | 0.46 | ||
30 | 1.64 | 1.21 | 0.46 | ||
70% up to 90% | 10 | 1.50 | 0.98 | 0.68 | |
15 | 1.75 | 1.18 | 0.68 | ||
20 | 2.13 | 1.38 | 0.68 | ||
25 | 2.38 | 1.51 | 0.68 | ||
30 | 2.53 | 1.73 | 0.68 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction) ^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$17.15 million
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 60% up to 65% | 10 | 0.00 | N/A | N/A |
15 | 0.00 | ||||
20 | 0.00 | ||||
25 | 0.00 | ||||
30 | 0.00 | ||||
60% up to 70% | 10 | 0.15 | N/A | N/A | |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
60% up to 75% | 10 | 0.30 | N/A | N/A | |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 80% | 10 | 0.60 | 0.53 | 0.26 | |
15 | 0.83 | 0.74 | 0.26 | ||
20 | 1.05 | 0.88 | 0.26 | ||
25 | 1.15 | 0.95 | 0.26 | ||
30 | 1.25 | 1.06 | 0.26 | ||
60% up to 85% | 10 | 1.02 | 0.77 | 0.51 | |
15 | 1.33 | 0.97 | 0.51 | ||
20 | 1.59 | 1.08 | 0.51 | ||
25 | 1.77 | 1.24 | 0.51 | ||
30 | 1.83 | 1.35 | 0.51 | ||
60% up to 90% | 10 | 1.54 | 1.04 | 0.75 | |
15 | 1.92 | 1.34 | 0.75 | ||
20 | 2.29 | 1.57 | 0.75 | ||
25 | 2.52 | 1.74 | 0.75 | ||
30 | 2.68 | 1.98 | 0.75 |
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Fixed Adjustable Rate for Farm * | 60% up to 65% | 10 | 0.00 | N/A | N/A |
15 | 0.00 | ||||
20 | 0.00 | ||||
25 | 0.00 | ||||
30 | 0.00 | ||||
60% up to 70% | 10 | 0.15 | N/A | N/A | |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
60% up to 75% | 10 | 0.30 | N/A | N/A | |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 80% | 10 | 0.57 | 0.48 | 0.26 | |
15 | 0.79 | 0.67 | 0.26 | ||
20 | 1.01 | 0.82 | 0.26 | ||
25 | 1.11 | 0.89 | 0.26 | ||
30 | 1.16 | 1.00 | 0.26 | ||
60% up to 85% | 10 | 0.91 | 0.71 | 0.45 | |
15 | 1.25 | 0.91 | 0.45 | ||
20 | 1.44 | 1.02 | 0.45 | ||
25 | 1.56 | 1.17 | 0.45 | ||
30 | 1.67 | 1.29 | 0.45 | ||
60% up to 90% | 10 | 1.44 | 0.99 | 0.70 | |
15 | 1.79 | 1.27 | 0.70 | ||
20 | 2.18 | 1.47 | 0.70 | ||
25 | 2.39 | 1.56 | 0.70 | ||
30 | 2.55 | 1.80 | 0.70 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction) # Only applicable to those applicants having outstanding mortgages
^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$6 million
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 60% up to 65% | 10 | 0.15 | N/A | N/A |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
60% up to 70% | 10 | 0.30 | N/A | N/A | |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 75% | 10 | 0.45 | N/A | N/A | |
15 | 0.45 | ||||
20 | 0.45 | ||||
25 | 0.45 | ||||
30 | 0.45 | ||||
60% up to 80% | 10 | 0.75 | 0.58 | 0.28 | |
15 | 0.98 | 0.79 | 0.28 | ||
20 | 1.20 | 0.93 | 0.28 | ||
25 | 1.30 | 1.00 | 0.28 | ||
30 | 1.40 | 1.11 | 0.28 | ||
60% up to 85% | 10 | 1.17 | 0.82 | 0.53 | |
15 | 1.48 | 1.02 | 0.53 | ||
20 | 1.74 | 1.13 | 0.53 | ||
25 | 1.92 | 1.29 | 0.53 | ||
30 | 1.98 | 1.40 | 0.53 | ||
60% up to 90% | 10 | 1.69 | 1.09 | 0.77 | |
15 | 2.07 | 1.39 | 0.77 | ||
20 | 2.44 | 1.62 | 0.77 | ||
25 | 2.67 | 1.79 | 0.77 | ||
30 | 2.83 | 2.03 | 0.77 |
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Fixed Adjustable Rate for Farm * | 60% up to 65% | 10 | 0.15 | N/A | N/A |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
60% up to 70% | 10 | 0.30 | N/A | N/A | |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 75% | 10 | 0.45 | N/A | N/A | |
15 | 0.45 | ||||
20 | 0.45 | ||||
25 | 0.45 | ||||
30 | 0.45 | ||||
60% up to 80% | 10 | 0.72 | 0.53 | 0.28 | |
15 | 0.94 | 0.72 | 0.28 | ||
20 | 1.16 | 0.87 | 0.28 | ||
25 | 1.26 | 0.94 | 0.28 | ||
30 | 1.31 | 1.05 | 0.28 | ||
60% up to 85% | 10 | 1.06 | 0.76 | 0.47 | |
15 | 1.40 | 0.96 | 0.47 | ||
20 | 1.59 | 1.07 | 0.47 | ||
25 | 1.71 | 1.22 | 0.47 | ||
30 | 1.82 | 1.34 | 0.47 | ||
60% up to 90% | 10 | 1.59 | 1.04 | 0.72 | |
15 | 1.94 | 1.32 | 0.72 | ||
20 | 2.33 | 1.52 | 0.72 | ||
25 | 2.54 | 1.61 | 0.72 | ||
30 | 2.70 | 1.85 | 0.72 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction) # Only applicable to those applicants having outstanding mortgages
^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$6 million
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 60% up to 65% | 10 | 0.00 | N/A | N/A |
15 | 0.00 | ||||
20 | 0.00 | ||||
25 | 0.00 | ||||
30 | 0.00 | ||||
60% up to 70% | 10 | 0.15 | N/A | N/A | |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
60% up to 75% | 10 | 0.30 | N/A | N/A | |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 80% | 10 | 0.71 | 0.62 | 0.30 | |
15 | 0.97 | 0.86 | 0.30 | ||
20 | 1.23 | 1.02 | 0.30 | ||
25 | 1.35 | 1.10 | 0.30 | ||
30 | 1.46 | 1.23 | 0.30 | ||
60% up to 85% | 10 | 1.20 | 0.89 | 0.59 | |
15 | 1.55 | 1.12 | 0.59 | ||
20 | 1.85 | 1.25 | 0.59 | ||
25 | 2.05 | 1.43 | 0.59 | ||
30 | 2.13 | 1.56 | 0.59 | ||
60% up to 90% | 10 | 1.79 | 1.20 | 0.87 | |
15 | 2.23 | 1.55 | 0.87 | ||
20 | 2.65 | 1.81 | 0.87 | ||
25 | 2.92 | 2.01 | 0.87 | ||
30 | 3.10 | 2.28 | 0.87 |
#Only applicable to those applicants having outstanding mortgages
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Fixed Adjustable Rate for Farm * | 60% up to 65% | 10 | 0.00 | N/A | N/A |
15 | 0.00 | ||||
20 | 0.00 | ||||
25 | 0.00 | ||||
30 | 0.00 | ||||
60% up to 70% | 10 | 0.15 | N/A | N/A | |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
60% up to 75% | 10 | 0.30 | N/A | N/A | |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 80% | 10 | 0.68 | 0.56 | 0.30 | |
15 | 0.93 | 0.78 | 0.30 | ||
20 | 1.19 | 0.95 | 0.30 | ||
25 | 1.30 | 1.03 | 0.30 | ||
30 | 1.36 | 1.16 | 0.30 | ||
60% up to 85% | 10 | 1.07 | 0.82 | 0.52 | |
15 | 1.46 | 1.05 | 0.52 | ||
20 | 1.68 | 1.18 | 0.52 | ||
25 | 1.81 | 1.35 | 0.52 | ||
30 | 1.94 | 1.49 | 0.52 | ||
60% up to 90% | 10 | 1.68 | 1.15 | 0.81 | |
15 | 2.08 | 1.47 | 0.81 | ||
20 | 2.53 | 1.70 | 0.81 | ||
25 | 2.77 | 1.80 | 0.81 | ||
30 | 2.95 | 2.08 | 0.81 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction) # Only applicable to those applicants having outstanding mortgages
^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$17.15 million
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 60% up to 65% | 10 | 0.15 | N/A | N/A |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
60% up to 70% | 10 | 0.30 | N/A | N/A | |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 75% | 10 | 0.45 | N/A | N/A | |
15 | 0.45 | ||||
20 | 0.45 | ||||
25 | 0.45 | ||||
30 | 0.45 | ||||
60% up to 80% | 10 | 0.86 | 0.67 | 0.32 | |
15 | 1.12 | 0.91 | 0.32 | ||
20 | 1.38 | 1.07 | 0.32 | ||
25 | 1.50 | 1.15 | 0.32 | ||
30 | 1.61 | 1.28 | 0.32 | ||
60% up to 85% | 10 | 1.35 | 0.94 | 0.61 | |
15 | 1.70 | 1.17 | 0.61 | ||
20 | 2.00 | 1.30 | 0.61 | ||
25 | 2.20 | 1.48 | 0.61 | ||
30 | 2.28 | 1.61 | 0.61 | ||
60% up to 90% | 10 | 1.94 | 1.25 | 0.89 | |
15 | 2.38 | 1.60 | 0.89 | ||
20 | 2.80 | 1.86 | 0.89 | ||
25 | 3.07 | 2.06 | 0.89 | ||
30 | 3.25 | 2.33 | 0.89 |
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Fixed Adjustable Rate for Farm * | 60% up to 65% | 10 | 0.15 | N/A | N/A |
15 | 0.15 | ||||
20 | 0.15 | ||||
25 | 0.15 | ||||
30 | 0.15 | ||||
60% up to 70% | 10 | 0.30 | N/A | N/A | |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 75% | 10 | 0.45 | N/A | N/A | |
15 | 0.45 | ||||
20 | 0.45 | ||||
25 | 0.45 | ||||
30 | 0.45 | ||||
60% up to 80% | 10 | 0.83 | 0.61 | 0.32 | |
15 | 1.08 | 0.83 | 0.32 | ||
20 | 1.34 | 1.00 | 0.32 | ||
25 | 1.45 | 1.08 | 0.32 | ||
30 | 1.51 | 1.21 | 0.32 | ||
60% up to 85% | 10 | 1.22 | 0.87 | 0.54 | |
15 | 1.61 | 1.10 | 0.54 | ||
20 | 1.83 | 1.23 | 0.54 | ||
25 | 1.96 | 1.40 | 0.54 | ||
30 | 2.09 | 1.54 | 0.54 | ||
60% up to 90% | 10 | 1.83 | 1.20 | 0.83 | |
15 | 2.23 | 1.52 | 0.83 | ||
20 | 2.68 | 1.75 | 0.83 | ||
25 | 2.92 | 1.85 | 0.83 | ||
30 | 3.10 | 2.13 | 0.83 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction)
# Only applicable to those applicants having outstanding mortgages
^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Note: Please refer to the Insurance Eligibility Criteria for property value up to HK$17.15 million
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 60% up to 70% | 10 | 0.30 | N/A | N/A |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 75% | 10 | 0.45 | N/A | N/A | |
15 | 0.45 | ||||
20 | 0.45 | ||||
25 | 0.45 | ||||
30 | 0.45 | ||||
60% up to 80% | 10 | 0.86 | 0.67 | 0.32 | |
15 | 1.12 | 0.91 | 0.32 | ||
20 | 1.38 | 1.07 | 0.32 | ||
25 | 1.50 | 1.15 | 0.32 | ||
30 | 1.61 | 1.28 | 0.32 | ||
Fixed Adjustable Rate for Farm * | 60% up to 70% | 10 | 0.30 | N/A | N/A |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
60% up to 75% | 10 | 0.45 | N/A | N/A | |
15 | 0.45 | ||||
20 | 0.45 | ||||
25 | 0.45 | ||||
30 | 0.45 | ||||
60% up to 80% | 10 | 0.83 | 0.61 | 0.32 | |
15 | 1.08 | 0.83 | 0.32 | ||
20 | 1.34 | 1.00 | 0.32 | ||
25 | 1.45 | 1.08 | 0.32 | ||
30 | 1.51 | 1.21 | 0.32 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction)
^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Note: Please refer to (1) Insurance Eligibility Criteria for property value up to HK$17.15 million / (2) Insurance Eligibility Criteria for property value above HK$17.15 million and up to HK$30 million, as applicable
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Floating Rate | 50% up to 60% | 10 | 0.30 | N/A | N/A |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
50% up to 65% | 10 | 0.45 | N/A | N/A | |
15 | 0.45 | ||||
20 | 0.45 | ||||
25 | 0.45 | ||||
30 | 0.45 | ||||
50% up to 70% | 10 | 0.60 | N/A | N/A | |
15 | 0.60 | ||||
20 | 0.60 | ||||
25 | 0.60 | ||||
30 | 0.60 | ||||
50% up to 75% | 10 | 0.75 | N/A | N/A | |
15 | 0.75 | ||||
20 | 0.75 | ||||
25 | 0.75 | ||||
30 | 0.75 | ||||
50% up to 80% | 10 | 0.90 | 0.69 | 0.33 | |
15 | 1.25 | 1.01 | 0.33 | ||
20 | 1.53 | 1.18 | 0.33 | ||
25 | 1.70 | 1.31 | 0.33 | ||
30 | 1.83 | 1.46 | 0.33 |
Mortgage Insurance Premium | |||||
---|---|---|---|---|---|
Mortgage Type | Insurance coverage according to Loan-tovalue Ratio (LTV) | Loan Tenor (Year) | Single Premium Payment (% of the Original Principal Balance ) | Annual Premium Payment ^ | |
First Year (% of the Original Principal Balance ) | Renewal (% of the Original Principal Balance ) | ||||
Fixed Adjustable Rate for Farm * | 50% up to 60% | 10 | 0.30 | N/A | N/A |
15 | 0.30 | ||||
20 | 0.30 | ||||
25 | 0.30 | ||||
30 | 0.30 | ||||
50% up to 65% | 10 | 0.45 | N/A | N/A | |
15 | 0.45 | ||||
20 | 0.45 | ||||
25 | 0.45 | ||||
30 | 0.45 | ||||
50% up to 70% | 10 | 0.60 | N/A | N/A | |
15 | 0.60 | ||||
20 | 0.60 | ||||
25 | 0.60 | ||||
30 | 0.60 | ||||
50% up to 75% | 10 | 0.75 | N/A | N/A | |
15 | 0.75 | ||||
20 | 0.75 | ||||
25 | 0.75 | ||||
30 | 0.75 | ||||
50% up to 80% | 10 | 0.85 | 0.62 | 0.33 | |
15 | 1.20 | 0.93 | 0.33 | ||
20 | 1.48 | 1.10 | 0.33 | ||
25 | 1.65 | 1.23 | 0.33 | ||
30 | 1.73 | 1.38 | 0.33 |
* i.e. Fixed Adjustable Rate Mortgages – Product under the FARM Programme announced by The Hong Kong Mortgage Corporation Limited (Not applicable to property with resale restriction)
# Only applicable to those applicants having outstanding mortgages
^ Annual Premium Payment option is not applicable to the Fixed Rate Mortgage Scheme under FARM Programme
Note: Please refer to (1) Insurance Eligibility Criteria for property value up to HK$17.15 million / (2) Insurance Eligibility Criteria for property value above HK$17.15 million and up to HK$30 million, as applicable
Property value | Rate | |
Exceeds | Not exceed | |
$4,000,000 | $100 | |
$4,000,000 | $4,323,780 | $100 + 20% of excess over $4,000,000 |
$4,323,780 | $4,500,000 | 1.5% |
$4,500,000 | $4,935,480 | $67,500 + 10% of excess over $4,500,000 |
$4,935,480 | $6,000,000 | 2.25% |
$6,000,000 | $6,642,860 | $135,000 + 10% of excess over $6,000,000 |
$6,642,860 | $9,000,000 | 3.00% |
$9,000,000 | $10,080,000 | $270,000 + 10% of excess over $9,000,000 |
$10,080,000 | $20,000,000 | 3.75% |
$20,000,000 | $21,739,120 | $750,000 + 10% of excess over $20,000,000 |
$21,739,120 | 4.25% |