DownloadThe mReferral Mortgage Calculator app simplifies property and mortgage management. This handy tool provides various calculators for estimating mortgage costs, determining affordable property prices, and calculating cash-out refinancing amounts. Users can even apply for mortgages directly through the app, comparing low-interest P-loan options from partner institutions. Property valuations are also available via Bank of China (Hong Kong).
Key features and benefits include:
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Mortgage Calculator: Calculate monthly payments, interest, and stamp duty for first and second mortgages, inputting loan amount, repayment term, and interest rate.
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Refinance Calculator: Determine cash-out potential and revised monthly payments by comparing existing and proposed mortgage plans. Includes early settlement calculations.
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Affordability Calculator: Estimate affordable property prices, income needs, and stress test requirements based on loan amount and Loan-to-Value (LTV) ratio.
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Mortgage Application: Streamlined mortgage applications directly to participating banks via the app's API.
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Property Valuation: Quickly obtain up-to-date property valuations from Bank of China (Hong Kong) using the address.
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P-Loan Application & Comparison: Compare and apply for P-loans up to $3 million, with flexible repayment terms (3 months to 10 years) and APRs ranging from -99% to 8%.
Important Note: mReferral acts solely as a referral service; it does not offer mortgage or P-loan products. All offers, benefits, and fees are subject to the terms and conditions of the partner banks and financial institutions. These institutions may impose handling fees and modify product terms without notice. Refer to the app's terms and conditions for specific P-loan application examples.
