Financing your Property
When choosing a bank or financial institution for loans, consider the following:
The Hong Kong Mortgage Corporation Limited (HKMC) provides Mortgage Insurance Programme (MIP) which helps to alleviate the down payment burden of potential homebuyers in the purchase of a property. Through the MIP, the HKMC provides insurance coverage to MIP participating banks for an amount up to 30% of the appraised value of the property(subject to the insurance eligibility criteria of different MIP products), enabling the banks to extend mortgage loans of up to 95% of the appraised value of the property. Click the link below for more information.