Green form and white form buyers can get 95% and 90% of mortgage loans respectively, and the down payment is as low as tens of thousands of dollars to get on the car! When buying second-hand home ownership scheme units, the calculation method is more complicated, because the bank The mortgage must be approved within the remaining government guarantee period. Novice buyers should pay attention to the following details and prepare before visiting the unit!

Green Form and White Form Home Ownership Mortgage

For the purchase of new HOS and second-hand HOS without land premium, buyers can only choose p mortgage (prime rate mortgage) when applying for a mortgage, and the 綠表居屋按揭 interest rate is p (5%) – 2.5%. To purchase second-hand HOS flats with paid land prices, buyers can choose either H button (the actual interest rate as low as 1.48% on August 6) or p button (the actual interest rate as low as 2.5% on August 6).

Home Ownership Mortgage Without premium

Green form buyers and "White House No. 2" buyers can purchase second-hand HOS without premium. The percentage and interest rate of the unpaid HOS mortgage premium depends on the remaining time of the government guarantee period from the date of its initial launch. Some banks may still be able to provide a 25-year mortgage loan for units that have not paid the premium for less than 19 years from the date of the first allotment, or increase the monthly payment if it exceeds 19 years from the date of the first allotment Or pay more down payment as an excuse to lower the mortgage term or mortgage ratio.

The Housing Authority provides mortgage repayment guarantees to financial institutions participating in HOS mortgages. The guarantee period starts from the date of the first transfer of the unit, and the maximum period is 30 years. The purchaser of the white form can get up to 90% of the mortgage, the purchaser of the green form can get up to 95% of the mortgage, and the mortgage repayment period can be as long as 25 years. Buyers do not need to undergo stress testing and asset testing.

However, just like buying a new house, people who buy a green form do not need to undergo a stress test, and can get up to 95% of the mortgage, which can be paid off within 25 years.