News Hong Kong Property & Finance

US dollar mortgage for HK property

ORIGINAL POST
Posted by kalvin 18 yrs ago
I don't see why you need a USD mortgage when HKD is pegged to USD. The costs would almost certainly be higher even if interest rates are the same. As it is, USD interest rates are higher than HKD rates.

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COMMENTS
2006 18 yrs ago
kalvin,

there is a massive market (we're talking billions of dollars, much of it from hedge funds) betting that the peg won't last.

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s.a.gr8 18 yrs ago
You should check out Barclay Carrigan International in Central. They offer foreign currency mortgage rates from as little as 1.6%. I re-mortgaged my property with swiss francs at 3.4% as historically the currency has been more stable. They manage my investments for me and allow about 3 or 4 free currency swaps per year. Let me know if you would like me to pass on my consultants details.

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Sherif 18 yrs ago
hk$ & US$ are pegged so what does it matter if you have one currency mortgage or another. If you have a powervantage or premier a/c with HSBC in HK then you can make currency change without charge

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