The mReferral Mortgage Calculator App simplifies property and mortgage management. This innovative app provides a suite of calculators for estimating mortgage expenses, determining affordable property prices, and calculating cash-out refinancing amounts. Users can conveniently apply for mortgages directly through the app, comparing various P-loan plans featuring competitive interest rates. Leveraging Bank of China (Hong Kong)'s expertise, the app also offers property valuation services. Importantly, mReferral acts solely as a referral service, connecting users with partner banks and financial institutions; we do not provide mortgage or P-loan products directly.
The mReferral Mortgage Calculator App offers these key features:
- Mortgage Calculator: Calculate monthly payments, interest, and stamp duty for first and second mortgages, inputting loan amount, repayment period, and interest rate.
- Refinance Calculator: Determine cash-out amounts and changes in monthly payments by comparing existing and proposed mortgage plans. Includes early settlement calculations.
- Affordability Calculator: Estimate affordable property prices, income requirements, and stress test results based on loan amount and Loan-to-Value (LTV) ratio.
- Mortgage Application: Streamlined mortgage applications directly to participating banks via the app's API.
- Property Valuation: Access up-to-date property valuations from Bank of China (Hong Kong) using only the property address.
- P-loan Application: Compare and apply for P-loans with low interest rates. Loans up to $3 million are available with flexible repayment terms (3 months to 10 years) and APRs ranging from -99% to 8%.
Please note: mReferral is a referral service only. All mortgage and P-loan information is provided on behalf of our partner banks and financial institutions. Offers, privileges, and handling fees are subject to the terms and conditions of those institutions. Some institutions may charge fees and may alter product terms without notice. Examples of P-loan applications and detailed terms and conditions are available within the app.
Tags : Finance
