What are the definitions of first mortgage and second mortgage?
"First mortgage" refers to a new mortgage for the property, which requires the deed of property to be used as collateral for banks or lending institutions. "Second mortgage" means that the property itself has been mortgaged at a bank or a lending institution, but when the owner applies again for a loan through such property, there is no need to pledge the deed of property.- What kind of property can I use to apply for a loan?s
The property includes private buildings, tenement houses, small houses, village houses, shops, factories, office buildings and parking spaces, etc., and there is no limit to the age of the building. - Can a person who is self-employed or has no proof of income apply for a loan?
Yes. The lending services provided by our Company do not require proof of income and financial statements, so they are more suitable for the funds turnover needs of those who do not have proof of income.
- If the property is jointly owned, do you need all the owners to agree to apply for a loan?
Yes. If the property is jointly owned by two or more owners, all owners must sign and agree to apply for a loan.
- If the property is owned by a company, can I apply for a loan?
Yes, as long as the company's shareholders agree to be guarantors.
- Can an old or retired person apply for a loan?
Yes. The Company's mortgage/loan services are not limited in age.
- What documents should the borrowers bring to get a loan?
Applicants are required to submit the Hong Kong identity card, deed of the property or bank contribution slip. Individual applications may need to submit additional documentation.
Terms and Conditions:
- The above offers do not apply to existing mortgage customers.
- Oi Wah Property Credit Limited reserves the right to make the final decision on the relevent offers and applications.
The Company is not only professional and honest, but also understands the different needs of its clients. We provide exclusive appointment services for distinguished clients to handle the transaction of valuables, so that all privacy of the clients is kept confidential. The independent meeting room is located in the office building of the Group at Rm 2302-2303, Kwan Chart Tower, 6 Tonnochy Road, Wan Chai. For enquiries, please call +852 6699-2228 or contact us via this website.
