Best mortgage HK?
Join Date: Jun 2007
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I used a broker by the name of Vincent Chow , EC Mortgage 9182 9781 and signed up last friday with Hang Seng. Process was very easy and straight forward and the guy gave me the impression of being very trustworthy ... not typical of a lot of HK businesses I have had experience with over the last 12 years.
Join Date: May 2004
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Frances L, she'll help you through the stack of paperwork and set everything up. I think she gets a cut from all the people you will use, but it is most likely less than what you would pay if you put in countless more hours and walked up to all the different bits (lawyer, bankers, realtors). Tons of CX guys have worked with Frances.
Bank of China is very flexible. HSBC has too many restrictions if you want to go HIBOR.
Bank of China is very flexible. HSBC has too many restrictions if you want to go HIBOR.
Join Date: Dec 2009
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That's what "everyone" said in 2008. And 2009. And 2010. And 2011. And now in 2012. Meanwhile, everyone who bought property is way ahead.
How do you "know" that now is the wrong time to buy? Which market "rules" and indicators of the last 5 years did HKG's market follow which will continue to be followed?
How do you "know" that now is the wrong time to buy? Which market "rules" and indicators of the last 5 years did HKG's market follow which will continue to be followed?
Join Date: Oct 2004
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I went down to see the fortune teller only yesterday.......................
The sign on the door of the shop said "Closed due to unforeseen circumstances"
.....................
The sign on the door of the shop said "Closed due to unforeseen circumstances"
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Join Date: Jun 2005
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That's what "everyone" said in 2008. And 2009. And 2010. And 2011. And now in 2012. Meanwhile, everyone who bought property is way ahead
Join Date: Oct 2008
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I think you should buy, prices only go up. It doesn't matter that they've gone up over 80% in 3 years, it will only go up more.
It doesn't matter that over 60% of the pilots at CX have only seen a rising property market in HK. No, they are not biased, they are excellent investors who closely follow the Greater Fool Theory.
It will only go up because a) this time is different b) Beijing will never allow it to go down c) HK is so rich d) Interest rates will never rise e) The developers will never allow it) f) blah blah blah
It doesn't matter that over 60% of the pilots at CX have only seen a rising property market in HK. No, they are not biased, they are excellent investors who closely follow the Greater Fool Theory.
It will only go up because a) this time is different b) Beijing will never allow it to go down c) HK is so rich d) Interest rates will never rise e) The developers will never allow it) f) blah blah blah
Join Date: Jul 2010
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If it's a short term investment you are looking at then be careful. It can and will bite you.
If it's long term, then go ahead. If you are going to live in it then that's easy.
If you are going to rent it then make sure you have enough cash flow to ride out an interest rate rise. Rates will stay low for a while yet but they have to rise eventually.
" Don't wait to buy real estate, Buy real estate and wait"
It's a marathon not a sprint
If it's long term, then go ahead. If you are going to live in it then that's easy.
If you are going to rent it then make sure you have enough cash flow to ride out an interest rate rise. Rates will stay low for a while yet but they have to rise eventually.
" Don't wait to buy real estate, Buy real estate and wait"
It's a marathon not a sprint
Join Date: Oct 2005
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Giggerty is the most correct. If you take a long-term view, and if you are on the old housing scheme, then it is a simple problem. When we bought our first place, we had a 5 year timeframe. Our place would be paid in 5.5 years, and so virtually no financial risk for us. It has worked 3 times. Just don't buy expecting to make 20% in 12 months. You may be sorely disappointed.
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