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2019 - Mortgage Refinancing

  1. #91

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    Dec 2018
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    Quote Originally Posted by pin
    That was quite quick from the last cut. A few months ago it was 2.07% and now 1%, quite a big drop.

    Also the article says that they've changed the P cap to 2.65% for new mortgages, so seems mortgage rates are going up.
    I suspect all banks are struggling to preserve their NIM as interest rates have declined globally + in HK there is increased competition as the big PRC banks gain market share.

  2. #92

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    Anybody fancy mortgage refinancing in Denmark!!! Bank will pay you interest, Welcome to post QE world..

    No-rate world now sees negative mortgage rates | The Standard

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  3. #93

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    Quote Originally Posted by nivantj
    Anybody fancy mortgage refinancing in Denmark!!! Bank will pay you interest, Welcome to post QE world..

    No-rate world now sees negative mortgage rates | The Standard
    It is important to note that someone will pay for those negative mortgages - tax payers (unlikely) or depositors (more likely).

    But yea, party if and while you can.
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  4. #94

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    Quote Originally Posted by shri
    It is important to note that someone will pay for those negative mortgages - tax payers (unlikely) or depositors (more likely).

    But yea, party if and while you can.
    So Denmark is the best place to buy an investment property? I see some places say foreigners can't buy but some say yes you can buy. Residents over 5 years definitely can, and it seems EU citizens can as well.

  5. #95

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    In fact on a serious note, negative mortgage rate is just a gimmick, its around 11% over 10 years which is still great..

    As the FAQ on this specific home loan on Jyske Bank’s website points out, let’s consider a loan of 2,50,000 Danish krone to be repaid over a period of 10 years, in 40 quarterly instalments. The total repayments work out to 2,77,392 Danish krone. This, despite the fact that the rate of interest on the loan is negative. So, the banking and other fee adds up to quite a bit. In that sense, the borrower is not paid money to borrow. At the same time, he repays only around 11% over and above what he had borrowed. This basically means that he is getting the home loan at almost 0% rate of interest.
    https://www.livemint.com/industry/ba...811455164.html
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  6. #96
    bdw
    bdw is offline

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    Quote Originally Posted by nivantj
    In fact on a serious note, negative mortgage rate is just a gimmick, its around 11% over 10 years which is still great..



    https://www.livemint.com/industry/ba...811455164.html
    Yep, always need to look at the fine print and something like "APR" or "Comparison Rate" to filter out the attention seeking headlines. Glad to know the Danish are just as good at marketing bullshit as HKers . But otherwise still very low rates.
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  7. #97

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    Quote Originally Posted by nivantj
    Anybody fancy mortgage refinancing in Denmark!!! Bank will pay you interest, Welcome to post QE world..

    No-rate world now sees negative mortgage rates | The Standard
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  8. #98

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    Time to invest/build this....

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