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 […]

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 […]

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. […]

6 Ways to pay off your mortgage fast

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You have bought your dream house and now its time to pay it off. Here are some tips on how to pay off your loan faster. 1. Make frequent partial repayment When you make partial repayment to your loan, you are actually paying off your principal. This will help you to save thousands of dollars […]

Factors affecting loan repayment

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Most people cannot afford to pay for their property purchase outright with their savings and will usually need a bank loan to finance their purchase. The factors that affect a housing loan are: interest rate, tenure and penalty. Interest Rate Lets look at the table below to see how interest rate will affect your monthly […]

Get the most from your home loan

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Whether you’re a first time home owner or a seasoned property investor, or just looking to refinance to a lower interest rate, we know you will benefit from using our watch list in your search for the most suitable mortgage. At moneyiq, we can help you make the right choice. Show me the maths No […]

Home Loan Types

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There are various home loan packages in the market. Before you sign up for the package, you should use a mortgage calculator as a guide to how much your repayments will be. HDB loan HDB provides housing loans at concessionary interest rate to eligible HDB flat buyers. The HDB concessionary interest rate is pegged at 0.1% […]

 
 
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