Co-ownership property investment

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What is co-ownership?  Co-ownership is a way of sharing the ownership of a property between two-or more people – friends, family members or partners. It usually involves the incorporation of a company. For investors, it involves: Pooling your money with others to put down a deposit on a home Combining your credits to get a […]

How to choose a mortgage broker

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Ten years ago there are only a handful of mortgage brokers in Singapore. Today, you will be able to find more than 20 brokers online and they are still expanding. Some are setup by ex-bankers, estate agents, insurance agents and entrepreneurs. With so many choices, how do you choose? What are the roles of mortgage […]

Buying a property to let

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Becoming a landlord is an exciting opportunity. Few people has the chance to do profitably. The key to a successful investment is to carefully plan out your finances and select the right property. Plan your budget Ideally the tenants’ rent will cover your mortgage payments as well as some overheads. Make sure you have researched the […]

MAS restrict loan Tenure for Residential Properties

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Singapore, 5 October 2012…The Monetary Authority of Singapore (MAS) will restrict the tenure of loans granted by financial institutions for the purchase of residential properties. MAS’ move is part of the Government’s broader aim of avoiding a price bubble and fostering long term stability in the property market. 2   The maximum tenure of all new […]

Pay down housing loan with CPF

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Thinking of using your CPF to pay down your housing loan? Some mortgage advisors will suggest doing it when the prevailing housing interest rate is more than 2.5% p.a. Is this correct? Before we answer the question, let’s look at the interest rates in details. CPF Interest Rates For ordinary account (OA), CPF members will […]

How to compare HDB loan to commercial bank loan

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In Singapore, most home owners start off with owning a HDB flat before upgrading to a private apt. And a good percentage of owners will take up a mortgage with HDB. With bank interest rates at a low now, should home owners switch to a bank loan? HDB loan The HDB concessionary interest rate is […]

Bank Clauses in Housing Loans

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Most purchasers of property in Singapore rely on the bank to help finance the purchase of their dream home, office, shop or warehouse. In exchange for the money from the bank to buy that dream property, owners mortgage their properties to the bank. This relationship between the property owner and the bank usually lasts 20, […]

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 […]

 
 
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