What is the maximum mortgage repayment period for village houses?
村屋最长可以做几长还款期？
Generally, the maximum mortgage repayment period for a village house is 30 years, and whether it is successful or not depends on factors such as the applicant's age, building age, and loan-to-value ratio. If the loan-to-value ratio for the village house is below 60%, some banks may use the "80 minus age" or "80 minus building age" method to calculate the mortgage repayment period. This means that if the applicant is below 50 years old or the building age is below 50 years, a 30-year mortgage can be applied for. If the loan-to-value ratio for the village house is above 60%, mortgage insurance must be purchased, and the repayment period will be calculated using the "80 minus age" or "55 minus building age" method.
村屋一般最长可以做30年，至于成功与否就要看申请人年龄、楼龄及按揭成数等因素。如村屋按揭成数6成以下的话，有银行会用80减人龄或楼龄方式计算，即申请人50岁以下或楼龄是50年以下，均可做足30年按揭；如果村屋按揭成数是6成以上，则要购买按揭保险，还款期会以80减人龄或55减楼龄计。