匿名

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畦~ 原來 mortgage rates 依然係這麼平宜啊﹖

我係你呢就一定做 5 年 fixed closed。。。但係當然還要睇埋﹐你有無打算5年內換樓﹐有無打算比 10% lump sum 等等。。。 若有的話﹐要同銀行查詢要不要額外付費等等﹐最好問問你個 AM 叫她提供意見﹑。。。

但單看字面﹐唔使問都係 5-yr fixed closed。。。 最好有埋 10 年 fixed closed 添﹐呢種利率呢種市場﹐十年內你實有著數呀。。。

Look4chrisng

mimilim:

Do you work in the mortgage biz ?  if yes, can you entertain a few question?

mimilim

I know of the industry but I am not a broker.  You can ask questions and I will try to answer them.

If you need a referral I can PM the broker I dealt with.

mimilim

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畦~ 原來 mortgage rates 依然係這麼平宜啊﹖

我係你呢就一定做 5 年 fixed closed。。。但係當然還要 ...
匿名 發表於 2011-11-16 13:47

fixed rate is at a historic low

Look4chrisng

When I break a fixed closed mortgage, the usually penalty is 3 month interest or IRD.

If current interest rate is actually higher, there is no such thing as IRD.  So banks can only charge 3 months interest as penalty?

Look4chrisng

回復 14# mimilim


    also, thanks for future contact.  Next time, I for sure talk to a broker before I go to the bank.

librazhy

有無打算比 10% lump sum 等等。。。 若有的話﹐要同銀行查詢要不要額外付費等等
匿名 發表於 2011-11-16 13:47

can you explain more details about this "有無打算比 10% lump sum"?

thanks

mimilim

When I break a fixed closed mortgage, the usually penalty is 3 month interest or IRD.

If current in ...
Look4chrisng 發表於 2011-11-16 16:28

Yea they take higher of.  I think IRD is calcuated on the POST RATE at that time, not the actual mortgage rate you got for the mortgage.
By the way, with the variable discount rate so low right now, fix is looking very good if you know for sure you wont move or sell during the mortgage term.

mimilim

can you explain more details about this "有無打算比 10% lump sum"?

thanks
librazhy 發表於 2011-11-16 17:01

When you have a mortgage, many banks will allow you to do a prepayment annualy without penalty. Can range from 10-25% of the initial mortgage amount.

Look4chrisng

回復 18# mimilim


    thanks.

Post rate of the current rate you must mean?