Before taking a home loan

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You should consider 1. Shopping around – Shop around and compare packages to find the best deal. Do not be enticed into making hasty decisions based on agent recommendation, time pressure, gifts or special tied up rates offered by bankers in the show flats. 1a. Will I be better off if I use the services […]

Commercial vs residential property

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Investing in a commercial property offers exciting opportunities, most investor tend to stay away from commercial property investment because of lack of understanding in the topic. Commercial property refers to office and retail space and industrial properties like warehouses and factories. Sometimes investing in commercial properties can be quite affordable  sometimes costing less than residential properties. What is the key […]

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 […]

 
 
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