WHAT IS THE PROCESS & HOW LONG DOES IT TAKE

AsiaPacificMortgageSolutions.com

Customer process in obtaining an APMS mortgage to purchase a condo including Credit Rating Period (CRP)

• Decide on how much you can afford for deposit and monthly payment
• Choose condo and agree sales contract with developer
• Request quote from APMS and receive preliminary offer/quote within 24 hours
• Complete APMS Client Application form and receive official offer within 48 hours (valid 1 month)
• Transfer deposit (APMS or Developer)
• Receive Mortgage Document and return to APMS
• Return and sign the above with application with fee (APMS or Developer)
• Commence monthly payments over agreed period
• Receive channoton completion of CRP or construction
• Only in year 1 to 3 a 4%early redemption charge on settlement and 2% thereafter

Standard documents required from buyer

• Copy passport
• Copy sales contract
• Copy bank statement
• Copy foreign exchange transfer document
• Payment of any MIG fee