Understanding Mortgage Financing and How it Affects Property Investment in Hong Kong
2020-04-26
While the average person may have expressed their interests and taken the necessary steps to invest in a dream home, many first-time homebuyers in Hong Kong are still struggling with the prospect of financing their dream home through mortgage loans. However, the sad situation is occasioned when a person is unable to meet the 30% down payment threshold set for mortgage financing because of the soaring prices of property in real estate and the increments of other expenses associated with homeownership such as taxes, government stamp duty, solicitor fees, agent commission etc ...