Mortgage securities companies optimize the elderly mortgage plan, annual interest rate reduced but monthly annuity increases by a maximum of 5%
The mortgage securities company has optimized the elderly mortgage plan, reducing the fixed mortgage interest rate for the first 30 years to 4%, while the monthly annuity amount for different participating ages can increase by up to 5%. Applications will be accepted starting tomorrow (10th).
For example, for a single borrower with a lifetime term and a designated property value of HKD 1 million, a 55-year-old participant could originally receive a monthly annuity of HKD 1,590; after the plan optimization, the monthly annuity increases to HKD 1,660. A 70-year-old participant could originally receive HKD 2,920, and after the plan optimization, they could receive HKD 3,070
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