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[Really] If you don’t want to be a house slave for the rest of your life, how can you break the dilemma of being a house slave and greatly reduce the mortgage period/contribution amount! Attached is a case analysis of premium financing!
Reduce the mortgage payment amount, shorten the mortgage term, and not exchange money for a new building, but still collect rent for the self-occupied property? Really? There are such big clams jumping along the street! They are like canals in the sun. Find out if this investment method to create passive income is right for you!
Property prices in Hong Kong are very high, and a building usually accounts for 90% or more of the owner's assets. The mortgage payment period is as long as 25 to 30 years. Some owners still need to continue to pay for the property after retirement, and the interest on deposits is extremely low. It cannot effectively increase capital appreciation. There is an investment tool on the market that can reduce the payment amount or the payment period, and has high returns, low risks and flexible operation. To be more specific, it is premium financing.
In fact, premium financing has existed 20 years ago and is not a new product. Different news has reported this. Looking at the financial report of a certain TV station, suppose there is a savings insurance premium of 1.4 million and an investment period of 10 In 2009, Mr. A did not do premium financing and took out 1.4 million in cash. Ten years later, the policy value was 2 million, with an annual return of 4.3%; Mr. B did premium financing and only needed to take out 400,000 and the remaining 1 million was The financing loan returns, and after ten years the policy value is 2 million, and the annual return is 9.3%.
It’s hard to see what percentage difference there is. I mentioned it in my last video. Under the effect of compound interest, the difference in amount can be several times. Who is suitable for premium financing? People who own property have a sum of People with liquid funds, or people who can take advantage of low interest rates to borrow money.
What effects can today's premium financing achieve? You don't need to pay any money, and you don't need to bear additional monthly payments. You can achieve these six points. One is to pay less every month, and the other is The mortgage payment for the building you requested has changed. The mortgage payment has changed from 20 years to 10 years. Even if the rent on your own building has been tightened, you can collect twice as much rent, or you can rent for yourself. , even free flat-to-flat exchange
It seems so sharp, but how can it be done? Let’s take a look at a real case of Chen Sheng reducing the mortgage amount. Chen Sheng has a property in Korgyi Garden with a market value of $13 million, and his mortgage payment is still 3.2 million. To repay, the monthly payment is 30,000 yuan, which is enough for ten years. Mr. Chen later went for premium financing and first mortgaged $6.5 million with the bank, which is half of $13 million. So he has 6.5 million yuan. The first thing he did with cash was to repay his mortgage payment of $3.2 million from the bank, netting 3.3 million yuan. What to do? Mr. Chen first used $2.8 million to buy $10 million savings insurance, and the net cash back was $500,000. Go buy a dividend fund
What happened later was that Mr. Chen himself borrowed 6.5 million to pay 22,000 yuan every month, and used 2.8 million in premium financing to buy 7.2 million of the 10 million savings insurance. In fact, it is a mortgage of the left savings insurance, which is borrowed from the bank. So the bank is willing to lend it. The reason is similar to if you pay a down payment of 2.8 million to buy a building with 10 million per floor. The bank sees it Savings insurance guarantees a low risk of principal preservation, so I am willing to lend it to Chen Sheng first. The most special thing about it is that there is no need to repay the principal during the payment period, so I have to repay the bank twice every month. Of the 22,000 yuan, he also pays the bank a monthly payment of about 34,000 yuan.
So I heard that I need to pay 30,000 yuan a month, and my family needs 34,000 yuan a month. Is that too much? In fact, it doesn’t matter, because Chen Sheng has extra income every month. The income is very important. First of all, the savings policy can guarantee a monthly dividend of 2%. Conservatively, the monthly income of RMB 60,000 will be directly deposited into the bank account, and the first step is to withdraw 500,000 to buy monthly dividends. About 8% is a dividend-paying fund that collects about 3,000 yuan a month, and it goes directly to your bank account. So, you can pay 34,000 yuan a month, and at the same time receive an additional income of 20,000 yuan a month, that is The actual monthly expenses are 14,000 yuan. As mentioned above, Mr. Chen’s own monthly contribution is 30,000 yuan, which according to his monthly payment is less than half!
Okay! Ten years later, if I click here again, if I borrow a few 6.5 million from the bank, I will have a balance of 4.7 million, and a 10 million savings policy will appreciate to 12.88 million. This savings insurance is guaranteed to protect the principal. Add to this the dividend fund of 500,000 yuan buried in the bank. The bill payment count is 12.88 million yuan, and 7.2 million yuan was returned to the bank. There is another 500,000 yuan in cash, and the remaining 4.7 million yuan in mortgage payment is added, and finally we get The cash amount is 1.48 million, and the floor has been sold out!
We made a comparison again. We paid 30,000 yuan per month, which amounted to $3.6 million in ten years. Without additional cash or income, the actual expenditure was 3.6 million. Now that we have done premium financing, each The monthly payment is RMB 40,000, and the total required payment in ten years is RMB 1.69 million, and there is also RMB 1.48 million in cash. The actual expenditure is only RMB 210,000. The money saved is all earned money, so the net profit is RMB 3.39 million!
Finally, put on a helmet first, whether to borrow it or not, it is better to borrow it first if you still have it! These are my personal opinions and not investment advice. Investment involves risks! Everyone should think independently!
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