Decoding Home Ownership: Understanding High Loan-to-value Ratio Mortgages
Confused about the requirements for a high loan-to-value ratio mortgage? Can double pay, bonuses and commissions be counted as income? How can we plan the budget? Let the mortgage experts answer these questions for you!
| Traditional Mortgage Insurance Plan | New Mortgage Insurance Plan | |
| Property Value vs Loan-to-value (LTV) Ratio | New transaction:
Refinancing: Whether with cash out or not, LTV up to 80%, loan amount capped at $4.8M (applicable to completed properties only) |
New transaction:
Without cashing out: up to 80% LTV, maximum loan amount $12M |
| Property Type |
|
|
| Premium |
|
|
| Eligibility for LTV ratio above 80% | Mortgage applicants applying for an 80% or higher LTV ratio must:
|
|
| Note: Mortgage loan approval is subject to the applicant's personal circumstances and the applicable terms and conditions and policies at the time. Approval is subject to credit assessment and the bank reserves the right of final decision. | ||
To borrow or not to borrow? Borrow only if you can repay!
All information is for reference only. All services provided by The Hongkong and Shanghai Banking Corporation Limited ("HSBC") are subject to the prevailing terms and conditions and the applicable terms and conditions shall prevail if there are any inconsistencies or discrepancies with the content. HSBC is not responsible for any liabilities, costs, damages, or any consequences stemming from reliance on the information provided. Content provided should not be treated as any investment or legal advice or professional opinion, and is not solicitation or advice of any products or services. HSBC does not guarantee the accuracy, timeliness or completeness of this information, and information may be subject to change without prior notice.
Issued by The Hongkong and Shanghai Banking Corporation Limited