Refinancing is losing its lustre as banks take the axe to money-back offers, but there are still ways borrowers can benefit and save a few dollars. Photo: Bloomberg Refinancing is losing its lustre as banks take the axe to money-back offers, but there are still ways borrowers can benefit and save a few dollars. Photo: Bloomberg
Refinancing is losing its lustre as banks take the axe to money-back offers, but there are still ways borrowers can benefit and save a few dollars. Photo: Bloomberg
Raymond Chong
Opinion

Opinion

Concrete Analysis by Raymond Chong

Here’s what Hongkongers need to know about cash rebates on mortgage transfers

  • Borrowers can save HK$84,000 by enjoying a 2.1 per cent cash rebate on a HK$4 million on mortgage transfers to HSBC
  • HSBC is reducing the cash rebate to 1.5 per cent as it looks to restore the normal profit margin on mortgages, with other banks following suit

Raymond Chong
Raymond Chong

Updated: 6:49pm, 16 Jul, 2019

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Refinancing is losing its lustre as banks take the axe to money-back offers, but there are still ways borrowers can benefit and save a few dollars. Photo: Bloomberg Refinancing is losing its lustre as banks take the axe to money-back offers, but there are still ways borrowers can benefit and save a few dollars. Photo: Bloomberg
Refinancing is losing its lustre as banks take the axe to money-back offers, but there are still ways borrowers can benefit and save a few dollars. Photo: Bloomberg
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Raymond Chong

Raymond Chong

Raymond Chong is chief executive officer at mortgage referral brokerage firm StarPro Agency