Table of Contents
| Basic information |
| address: Click here Telephone: 2828 8168 e-mail: Click here send by post: Post Office Box 333, Hong Kong website: https://www.dahsing.com/html/tc/mortgage/index.html |
- Residential Property Mortgage Scheme A variety of plans to suit your needs Learn more about residential property mortgage plans
- HIBOR Mortgage Program Learn more about HIBOR mortgage plans
- 90% Residential Mortgage Program Only 10% down payment required Learn more about 90% Residential Mortgage Program
- Government Housing Mortgage Scheme Learn more about government housing mortgage schemes
- Property refinancing/refinancing Diversified mortgage solutions Learn more about property refinancing/refinancing
Property purchase tips
What should you do when buying a property for the first time? What should I pay attention to? We have prepared some useful information on common problems, procedures and costs of property transactions to help you easily handle your home buying plans. The following information on property sales and mortgage loans is for reference only. The required procedures must be handled according to the actual situation.
Property transaction cost budget
Before choosing the right property and making a final decision, it is important to consider the costs involved in the transaction:
- First issue
- Real estate agent commissions are usually 1% of the property price.
- Legal fees mainly include the following three categories, which are determined by the Bar Association and calculated as follows:
- Sales and purchase contracts
- Building Deed
- Mortgage
- There are other expenses, paid by the lawyer, including:
- Memorandum Fee
- Land and Resources Administration Registration Fee
- Sales and purchase contracts
- Building Deed
- Mortgage
- Land Office Search Fee
- Stamp duty
- Mortgage handling fee
Things to note when signing a property sales agreement
The property sale and purchase agreement must state:
- Date of completion of formal sales and purchase agreement
- Date of handover
- Selected Law Firm
- Property prices
- Name of buyer and seller
- Deposit payment date
- Vacant/ Lease
Procedures and formalities for general property sales
The buyer and seller agree on the price of the property
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Pay the deposit to the seller and sign the provisional sales agreement
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Apply for a mortgage loan
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Inform the lawyer to prepare the property deed and sales agreement
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The lawyer searches the land register on behalf of the buyer
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Pay down payment
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Check whether the content of the formal sales agreement is the same as the provisional sales agreement
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Both parties signed a formal sales contract
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The lawyer notifies the buyer to sign the property deed, the buyer pays the remaining balance of the property price (the money can be loaned by us), and receives the keys to take over the property.
Check mortgage details
After careful consideration, you have selected the ideal property unit and should then start to inquire about mortgage loan information from the bank. include:
- Property valuation
- Mortgage amount
- Mortgage loan term
Procedures and formalities for general property sales
Complete and submit the mortgage loan application form and relevant application documents
(Required documents include: your identity document, income proof document and temporary sales contract, etc.)
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We verbally notify the tentative mortgage ratio
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We arrange surveys and property valuations
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We inform the lawyer to prepare the mortgage deed and issue the interim loan acceptance notice
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Sign the mortgage agreement, we pay the full loan amount and collect the relevant fees of the mortgage loan, such as arranging the mortgage insurance premium
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Send you a repayment schedule to inform you of your monthly payment amount
