Refinancing considerations

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Your current housing loan is probably secured by a mortgage of your home based on the promotional rates offered by the bank at that time. Interest rates would have remained low during the first few years, but subsequently the rates would have gotten progressively higher. If you are concerned about paying more interest on your […]

Fixed or Variable Interest Rate, when is the best time?

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Borrowers are always wondering when the best time to take up a fixed interest rate package. Fixed rates are generally higher than variable rates to take in account possible rises in the lending rates. When a borrower takes a fixed rate, he is predicting that the variable rate will rise above the fixed rates. Fixed […]

How much can I borrow

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Recently, we have been receiving requests from our users that they would like to know how much loan they can borrow based on their current household income and expenditure.  Hey, I would like to know if I can afford another property too.  It seems like the market has somehow slowed down due to cooling measures, […]

How to calculate your property’s ROI?

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People who are interested in investing in property often get the well-meaning advice to “do your sums” before making the leap. As property is often one of the biggest purchases that you will make in your lifetime, and usually comes with a large mortgage that can result in financial distress if not managed properly, I […]

Buying Commercial Properties – What to look out for?

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Recently, met up with an old classmate of mine, who just purchased a commercial property for investment purpose. I thought it will be great if he can share some of his experiences when buying commercial property. We put up some quick tips for you: 1. Tenure: most commercial properties in Singapore are either 60 years […]

MoneyIQ approach to comparing loans

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Home owners looking for a mortgage in our small city of Singapore will be pampered by choices. There are at least 12 banks offering at least a total of 100 types of mortgages. Almost every package is different and it’s impossible to find a common denominator to do a comparison. Type of mortgages There are […]

For New Purchase (Completed Property) / Refinancing

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We are pleased to launch a Home Loan-Bundled Products Promotion whereby new home loan customers can enjoy a pair of air tickets to Bangkok or Hong Kong on Singapore Airlines. Free A pair of Tickets to Bangkok for loan amount S$500k or more Free A pair of Tickets to HongKong for loan amount S$1m or […]

Mortgage Glossary

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Accrued Interest Interest calculated and added to the interest amount payable, but which is not yet paid. Amortization Scheduled repayment of a loan through regular instalments over a period of time (e.g. weekly, fortnightly or monthly repayments over a 30 year term). The borrower pays the interest and part of the principal in each repayment. […]

 
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