IRS 1098 Mortgage Interest Statement: A statement provided by the lender to the borrower indicating the total amount of interest paid by the borrower for a given calendar year. Joint Tenancy: Joint ownership by two or more persons giving each tenant equal interest and legit cash advance loans online rights in the property, including the right of survivorship.
Lenders Escrow Instructions : Instructions produced by the Office of Loan Programs for an escrow or title company detailing the documentation and procedures required before a loan is funded. Loan-to-Value (LTV) Ratio: The ratio of the principal balance of a mortgage loan to the value of the securing property, as determined by the purchase price or Appraised Value, whichever is less.
Loan Commitment : A loan commitment letter (also known as loan approval) issued by the Office of Loan Programs (OLP) committing to the funding of a Program loan for a specific borrower and property. A loan commitment letter will only be issued after OLPs satisfactory legit cash advance loans online of all property documentation (i.
purchase contract, property appraisal, inspections, etc.
Comloan, Hang Seng Personal e-Banking or Hang Seng Mobile Application and drawn down the loan with a designated drawdown amount and a legit cash advance loans online repayment period of 12 months will be entitled to up to HKD500 Cash Rebate. The applicable Cash Rebate for the corresponding drawdown amount is shown as below. Selected Customers include Hang Seng Preferred Banking Customers, Payroll Customers and Mortgage Legit cash advance loans online. Please contact Hang Seng staff for your personalized offers.
For a loan amount of HKD800,000 or above, the annualized percentage rate of 2. 46 is calculated based on a monthly flat rate of 0. 11 and a 12-month repayment period, including the full handling charge waiver. The interest rate and the full handling charge waiver are applicable on a case-by-case basis and the final approved interest rate and payable handling charge are subject to the loan amount and credit assessment result.
Taking loan amount of HKD800,000 or above and a 12-month repayment period as an example, Prestige Banking Customers and Selected Customers (including Preferred Banking Customers, Payroll Customers and Mortgage Customers) can enjoy a monthly flat rate of 0.
If you apply outside of office hours it may take slightly longer. Once you receive approval for your application, we will send you a loan offer with a loan contract. If you are happy with the loan offer, simply send us back the signed contract. After we receive the contract back from you, we will send the loan to you straight away. You should receive the loan within about 24 hours.
What Centrelink payments are accepted.