PAO DEBT MANAGEMENT ACCOUNTING LIMITED
平安債務管理會計事務所
1
How do interest rates on owner occupier loans differ
from traditional mortgages?
Owner loans usually have higher interest rates because they are more risky and most do not require a strict credit check. Traditional mortgages usually have lower interest rates but require higher credit standards and financial documents.
3
What happens if I fail to repay on time?
2
What documents are required to apply for an owner's loan?
You will need to provide proof of identity, proof of income (such as payroll or tax bills), proof of assets, and a detailed plan for the purpose of the loan in order for the lender to make an assessment.
Owner Loans &
Property Mortgage
Failure to repay on time may result in fines, increased interest, a drop in credit score, and even the risk of the collateral being auctioned off. Communicating with the loan institution in advance can help find a solution.