Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How much margin will the bank charge?

April 26, 2017Bank charge margin

0

Posted

How much margin will the bank charge?

1 Answer

0

Posted

The bank will charge a margin of 2.39% for the property in US. This margin is the banks profit. In addition to this margin is the Cost of Funds. The Cost of Funds is based upon which currency you’re borrowing. If you borrow Hong Kong Dollars, for example, the Cost of Funds is currently 2.0%. The Cost of Funds combined with the banks margin will determine your interest rate. A Hong Kong Dollar mortgage therefore carries an interest rate of about 4.4% including the bank’s margin.