Mortgage advice wanted

Jobin,


I work for a mortgage brokerage here in Hong Kong, www.lfsbrokers.com. I would be more than happy to meet with you one day next week for a 30 minute, no cost, no obligation meeting to talk through various options that you may have?

Hello,


I'm no finance expert but some people say that if you can invest your money in something that has a higher return than the interest you must pay on your mortgage, then why not get a mortgage and invest your leftover cash wisely?


Another thing to think about is not putting all your eggs in one basket. If you load all your money into a flat and you're not planning to live in it forever... then it's risky if the property market goes down. And it seems that real estate is very high right now.


Just my two cents... from a non-finance person... Good luck!

It depends on your income. I would advise you to do the following 1) ignore everyone that offers you financial advice regarding mortgages or any product in HK. There are a lot of scamsters here. The best mortgage deals in town are from either HSBC, DBS or Bank of China. It really is as simple as that. 2) If you want to buy property in HK, then it's best to buy in the large, popular estates. They are like benchmarks. You can see their names on http://www.centadata.com (it's a web-site run by Centaline - one of the biggest estate agencies in HK. It shows all the latest property transactions recorded with the government). If you buy in one of these, then it is always easy to sell. They may not give you the 'lifestyle' of Sai Kung but locals don't care about lifestyle, they want convenience. 3) The way to make money in HK is not to overinvest. Personally, I would do the following: a) Rent a place in HK for 6 months b) check out those estates c) buy a 600sf flat with a substantial deposit or in full. Once you have your accomadtion sorted out, HK is a very cheap place and you don't need to worry. You can then think about investing. d) never accept unsolicited calls offering financial advice.