{"id":109043,"date":"2019-07-16T11:00:13","date_gmt":"2019-07-16T04:00:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-what-hongkongers-need-to-know-about-cash-rebates-on-mortgage-transfers\/"},"modified":"2019-07-16T12:04:17","modified_gmt":"2019-07-16T05:04:17","slug":"heres-what-hongkongers-need-to-know-about-cash-rebates-on-mortgage-transfers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-what-hongkongers-need-to-know-about-cash-rebates-on-mortgage-transfers\/","title":{"rendered":"Here\u2019s what Hongkongers need to know about cash rebates on mortgage transfers"},"content":{"rendered":"


\nHSBC\u2019s abrupt and drastic cut in cash rebate on mortgage refinancing from 2.1 per cent to 1.5 per cent last month startled the mortgage industry. Assuming an average loan size of HK$4 million (US$511,000), the borrower would now get HK$24,000 less cash rebate for refinancing at HSBC. Refinancing has grown by leaps and bounds in recent years. According to data from the Hong Kong Monetary Authority, refinancing accounted for nearly 30 per cent of total mortgages approved in May. Over the past\u2026
\n
\nSource : South China Morning Post
\nRead more…Here\u2019s what Hongkongers need to know about cash rebates on mortgage transfers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HSBC\u2019s abrupt and drastic cut in cash rebate on mortgage refinancing from 2.1 per cent...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109043","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-smL","jetpack-related-posts":[{"id":117608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/refinancing-your-mortgage-could-put-cash-in-your-pocket-heres-how-to-find-out-if-its-right-for-you\/","url_meta":{"origin":109043,"position":0},"title":"Refinancing your mortgage could put cash in your pocket \u2014 here's how to find out if it's right for you","date":"July 6, 2020","format":false,"excerpt":"\r Low rates have many Americans looking to refinance, yet several factors should be taken into consideration before you sign on the dotted line.\r \r Source : cnbc.com\r Read more...Refinancing your mortgage could put cash in your pocket \u2014 here's how to find out if it's right for you","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107351,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tightened-mortgage-lending-has-pushed-hongkongers-into-arms-of-cash-rich-developers-and-their-expensive-property-loans\/","url_meta":{"origin":109043,"position":1},"title":"Tightened mortgage lending has pushed Hongkongers into arms of cash-rich developers and their expensive property loans","date":"May 22, 2019","format":false,"excerpt":"\r Squeezed out of owning an old home in the city by tightened mortgage rules, Hongkongers are increasingly buying smaller but more expensive new apartments. Unable to apply for an adequate mortgage from banks, they are turning to developers, who provide loans amounting to as much as 90 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/planning-to-apply-for-a-uk-mortgage-watch-your-spending-and-choose-property-wisely\/","url_meta":{"origin":109043,"position":2},"title":"Planning to apply for a UK mortgage? Watch your spending and choose property wisely","date":"December 15, 2020","format":false,"excerpt":"\r Hongkongers have been busy aggressively snapping up homes in the United Kingdom ahead of a January 2021 application process that is expected to give the green light to British citizenship for them. Their favourite destinations have been the cities of London, Manchester and Birmingham.To fund these home purchases, most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousand-of-hongkongers-snapped-up-new-flats-during-the-calm-before-mangkhuts-landfall\/","url_meta":{"origin":109043,"position":3},"title":"Thousand of Hongkongers snapped up new flats during the calm before Mangkhut\u2019s landfall","date":"September 16, 2018","format":false,"excerpt":"\r Thousands of Hong Kong homebuyers took advantage of Saturday\u2019s calm before a pending super typhoon to get their hands on the second batch of Nan Fung Development\u2019s LP6 flats in Tseung Kwan O, casting aside any concern of rising mortgage rates, or the city\u2019s first bear market in stocks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91368,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-will-feel-the-squeeze-as-mortgage-rates-gain-momentum\/","url_meta":{"origin":109043,"position":4},"title":"Hongkongers will feel the squeeze as mortgage rates gain momentum","date":"June 14, 2018","format":false,"excerpt":"\r The monthly mortgage repayment of homeowners in Hong Kong is expected to rise to 70 per cent of their monthly income by the end of this year \u2013 the highest level in nearly two decades \u2013 as mortgage rates kick upwards and home prices show no signs of abating,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110291,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-this-mortgage-expert-says-is-behind-the-refinancing-boom\/","url_meta":{"origin":109043,"position":5},"title":"What this mortgage expert says is behind the refinancing boom","date":"August 28, 2019","format":false,"excerpt":"\r Robert Broeksmit, Mortgage Bankers Association president and CEO, joins \"Squawk on the Street\" to discuss the wave of mortgage refinancing as rates fall.\r \r Source : cnbc.com\r Read more...What this mortgage expert says is behind the refinancing boom","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109043"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109043"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109043\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}