The world's local bank
- Home
- Personal Banking
- Home Loans
- Buying another home?
You are not logged on. Log on to
Home Loans
HomeSmart
Buying another home?
Wiser the second time round!
A second home? The most important factor to consider is how you plan to use it. You may be looking at an upgrade from your current home or even a holiday home.
As to financing your second home, the bank will take into consideration your current home loan/financing and the total monthly instalments for both home loans/financing. They should not exceed 70% of your income.
Home loans/financing features may change and it is wise not to assume that getting a similar home loan/financing as your first one is the best. Get to know the new types of home loan/financing that can help you own your second home faster and at less cost to you.
Smarter in paying it off faster
There are new types of home loans/financing in the market which allow greater flexibility, letting you own the property much faster. Flexible home loans/financing may be the best as you may have:
- Flexibility to pay more where you can to shorten the home loan/financing tenure.
- Withdrawal of excess payments when in need without fees or charges.
- One account to manage your home loan/financing and current account.
For more information, talk to our mortgage consultant to assess your situation which may help you to make an informed decision on what home loan/financing product works best for you. You can also learn more about our flexible home loan - HomeSmart.
Disclaimers:
The information contained in these pages is for reference only and is not intended to provide professional advice. Persons accessing these pages should obtain appropriate professional advice when necessary. There may be occasions where information published are sourced from third parties who are not affiliated with or in any way related to HSBC Bank Malaysia Berhad or the HSBC Group. Such information is included to enhance your user experience and/or is presented for your convenience only. HSBC Bank Malaysia Berhad shall not be deemed to endorse, recommend, approve, guarantee, promote or have any form of co-operation with such third parties nor to give any warranty in respect of such information unless otherwise stated by HSBC Bank Malaysia Berhad. And the Bank will not be liable for any loss or damages as consequences of any reliance which may be placed upon such information.
Promotions
