mReferral Mortgage Calculator

The mReferral Mortgage Calculator App is a new app that serves as a partner for property and mortgage needs. It helps users compare low-interest rate mortgage plans, provides the latest mortgage information, and addresses home-buying problems. The app features three calculators: a mortgage calculator for calculating monthly repayment amounts, interest expenses, and stamp duty values; a refinance calculator for calculating cash-out amounts and changes in monthly repayment amounts; and an affordability calculator for determining affordable property prices. The app also allows users to apply for a mortgage directly with partnering banks, provides property valuation services, and offers P-loan application comparisons. Note that mReferral only provides referral services and does not charge any handling fees. All offers and privileges listed on the app are subject to terms and conditions set by the banks or financial institutions.

The mReferral Mortgage Calculator App offers the following advantages:

1) Mortgage calculator: Allows users to input mortgage details such as amount, repayment period, and interest rate to calculate monthly repayment amount, interest expenses, and stamp duty values. Applicable to both first and second mortgage plans.

2) Refinance calculator: Helps users calculate cash-out amount and change in monthly repayment amount by inputting existing mortgage plan and new mortgage plan details. Also equipped with early settlement calculation function.

3) Affordability calculator: Allows users to input mortgage amount and LTV ratio to calculate affordable property price, income requirement, and stress test requirement.

4) Mortgage application: Utilizes API technology to allow applicants to directly apply for mortgage applications from banks, making the process fast and convenient.

5) Property valuation: Provided by Bank of China (Hong Kong), users only need to input the address to obtain the latest property valuation.

6) P-loan application: Allows users to compare selected P-loan plans with low interest rates and make instant applications. Offers flexible repayment periods ranging from 3 months to 10 years, with loan sizes up to $3 million and APR ranging from -99% to 8%.