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    FAQ

    • Can contact us for property valuation before signing the Sale and Purchase Agreement
    • Sign the Sale and Purchase Agreement
    • Contact us directly for mortgage application
    • Submit Sale and Purchase Agreement, HKID of borrower and guarantor(if any), income proof, working proof, tax demand note, tax return and other documents
    • Banks need to review the application in two weeks or 1 month
    • Applicants can compare and find out the most suitable offer
    • The bank will contact law firm directly to prepare for the deed of assignment
    • Sign the deed of assignment and other documents required by bank before the transaction day.
    • The bank will hand over the loan to seller through law firm. The transaction is completed.
    • The bank will issue cash rebate to the applicant
    • The bank will provide a repayment schedule to the applicant

    • HKID of borrower and guarantor(if applicable)
    • Sale and Purchase Agreement
    • Proof of residential address for the last 3 months
    • Proof of work and income：

    i. Tax Demand Note of the latest financial year, or

    ii. Latest 3-month payroll slips (Irregular-Salaried Applicant(s): latest 6-month relevant documents), or

    iii. Employer's letter confirming job title and income details

    • Business Registration Certificate
    • Certificate of Incorporation, memorandum and articles of association of the Company (Limited Company)
    • Tax Demand Note of the latest 2 financial year
    • Financial Statement of the latest financial year
    • Applicant(s)’ latest 6 month business banking records
    • Applicant(s)’ latest 6-month personal banking records (For Mortgage Insurance program)
    • Practicing Certificate (For Professional Self-Employed Applicant(s) only)

    • HKID of borrower and guarantor(if applicable)
    • Proof of residential address for the last 3 months
    • Proof of work and income：

    1. Tax Demand Note of the latest financial year, or

    2. Latest 3-month payroll slips e (Irregular-Salaried Applicant(s): latest 6-month relevant documents), or

    3. Employer's letter confirming job title and income details

    • Latest 3-month repayment records
    • Latest repayment schedule of the existing mortgage(s)

    If all documents are submitted, the application can be approved in one day.

    “HIBOR” means Hong Kong interbank offered rate. The interest rate will change depending on the movements of HIBOR.

    Prime based Mortgage Plan: The interest rate is relatively stable. The risk of interest rate fluctuations is lower compared with HIBOR Mortgage Plan.

    The DSR is defined as the monthly repayment obligations of the borrower as a percentage of monthly income.

    Stress test means in the situation of assuming a 200-basis point hike in interest rate, the DSR cannot exceed a certain percentage.

    If the person fully or partially repay the loan within a certain period from the drawdown date, a prepayment penalty will be charged from the bank. The penalty period is often 2 to 3 years from the drawdown date.

    Cash rebate is usually based on the calculation of loan amount and the percentage the bank can offer. If the loan amount is $5,000,000, and the cash rebate is 1%, the actual amount you can receive from cash rebate will be $50,000 ($5,000,000 x 1%).

    Every month or every two weeks.

    You can use a affordability calculator to know how much you can afford for a mortgage loan.

    Apart from the property price, you need to pay stamp duty, agency fee and legal fee.

    Mortgage repayment terms generally range from a minimum of 5 years to a maximum of 30 years.

    Apply for a mortgage through banks or financial institutions referred by Colour Style Enterprises Limited, you will receive supermarket vouchers that correspond to the loan amount after the mortgage is successfully obtained.

    Loan Amount Supermarket coupon
    Below $1M $100
    Above $1M to below $4M $300
    Above $4M to below $8M $500
    Above $5M to below $12M $1000
    Above $12M to below $15M $2000
    Above $15M to below $20M $3000
    Above $20M to below $30M $4000
    Above $30M to below $40M $5000
    Abover $40M $6000

    Supermarket vouchers vary from $100 to $6,000 depending on the loan amount applied for.

    Please call 6204 7351 to speak with our mortgage specialist.