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Case Sharing
Practical examples of mortgage downsizing:
example:
Customer Mr. A
Kornhill Garden Property Market Value
HKD 13,000,000
Current mortgage debt of HKD 3,200,000
Monthly payment of HKD30,000, with ten years remaining
practice:
1. The property is valued by Bank A based on today’s market value
6.5 million (13 million x 50% = 6.5 million)
2. Pay off the original mortgage first: 6.5 million - 3.2 million = 3.3 million
3. Use 3.3 million to do two things
- Buy a premium financing policy
- Open a bank account
| originally | At present (after making plans) | ||
|---|---|---|---|
|
monthly payment |
HKD 30,000 |
HKD 14,122 |
|
|
Contribution period |
10 years |
10 years |
|
|
Obtained after paying for the property |
Completed properties |
Completed property + 1.48 million cash |
|
|
Net contribution amount |
30,000 x 12 x 10 = 3.6 million
|
14,122 x 12 x 10 = 1.69 million But get back 1.48 million Net expenses 210,000 |
|
|
net profit |
3.39 million |
||
Real examples of request changes:
example:
Mr. Customer B
There is a property in Sai Kung with a market value of 12 million
Monthly payment is 28,000, and there are still three years to pay
Effect:
1. Don’t clean the property immediately
2. Get NT$200,000 cash rebate
3. Earn 12,000 monthly income
4. Continuously withdraw income until the 5th year, use the policy to pay off all mortgages, and the plan ends
Saving on payment, cash rebate, monthly income, total profit of HKD 1,928,000 in 5 years
Real examples of rent collection for self-occupied properties:
example:
Customer Ms. C
There is a leased property in Causeway Bay with a market value of NT$8.5 million.
Effect:
1. No cleaning of the property during the entire period
2. Get instant cash rebate of NT$285,000
3. Earn 17,000 monthly income
4. Continuously withdraw income until the 10th year, use the policy to pay off all mortgages, and obtain another 3 million in interest after the plan ends
Cash rebate, monthly income, maturity interest, total profit of HKD 5,325,000 in 10 years
Practical examples of double rent for rental properties:
example:
Customer Miss D
There is a leased property in Tsuen Wan with a market value of $6 million.
Currently for rent with a monthly rent of 13,000
Effect:
1. No cleaning of the property during the entire period
2. Get instant cash rebate of NT$200,000
3. Earn 12,500 monthly income
4. Continuously withdraw income until the 10th year, use the policy to pay off all mortgages, and obtain another 2.5 million in interest after the plan ends
Cash rebate, monthly income, maturity interest, total profit of HKD 4,200,000 in 10 years
Examples of additional emergency funds:
example:
Customer Mr. T is a boatman
There is a property in Haiyi Peninsula with a market value of about 12 million yuan. It still has a mortgage requirement of 2 million yuan. With 10 years left, the monthly payment is about 18,000 yuan. Recently, he received a notice from the government that a street crossing route has been approved for him to operate, but he has to buy the boat himself, which costs about NT$1.4 million.
Effect:
1. Withdraw 1.4 million yuan from business mortgage
2. The full payment amount is reduced to NT$10,000
3. By the 10th year, you can just use the insurance policy to repay the property. When the plan ends, you don’t have to pay back the 1.4 million yuan to the bank.
Earned 1.4 million yuan in funds,
And save 8,000 yuan per month,
Provided NT$2,360,000
Practical examples of free property exchange:
example:
Client Mr. S and his wife
There is an owner-occupied property in Tai Kok Tsui that is currently leased and has a market value of 5 million. I hope to exchange it for a 3-bedroom unit for about 7 million. As a normal practice, the customer can apply for a mortgage of NT$2 million and pay it in 20 years, which is about NT$10,000 per month.
Effect:
1. No need to take out money
2. No cleaning of the property for the entire period
3. By the 10th year, you can use the policy to sell the property and the plan ends.
Earn 2 million property prices for free
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