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(From The Asian Banker Journal)
Hang Seng Bank launched the 'InvestMortgage 123' account which offers home-owners a mortgage plan with the flexibility of maximising potential returns.
Customers can choose to repay only the mortgage loan interest for the first three years in the repayment period and invest the monthly principal repayment amount or a predetermined investment amount in stocks or investment funds through the Bank's Monthly Investment Plan.
Mr W K Mok, Managing Director and General Manager of the Bank, said: "By offering one account with two investment options in the three years during which no principal repayment is made, …