Australia Property Loan for non resident | Singapore 

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What is an interest only loan? An Interest Only home loan is one where the monthly payments cover only the interest on the loan and the capital amount borrowed is repaid at the end of the loan. This allows investor to minimise the mortgage repayments in the first few years, while hoping for the asset […]

Securing a loan for overseas property purchases

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Selecting a lender As the hype grows in Singapore over the investment of overseas property, a key consideration for potential buyers is their source of fund to pay for the property. Not many are lucky enough to be able to pay for the entire property using equity and thus, most buyers would need a loan. […]

Australia Property – off the plan purchase for Singapore buyers

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Buying a Australia property “off the plan” simply means purchasing a property before its completed. Its somewhat similar to buying a building under construction here in Singapore. Australia – off the plan Typically the purchaser pays a deposit – usually 10% of the purchase price to secure the property and sign a contract for sale. […]

International Mortgage – finance your Australia Overseas Property with Singapore dollars loan

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Buying a property can be a daunting process, especially if you are thinking of investing in an overseas property. For Singaporean buying Australia property for investment, they now have an option to finance in either Singapore Dollars (SGD) or Australian Dollars (AUD). Buyers need to note that the option to get an Australia overseas property […]

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 […]

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. […]

Really simple ways to save thousands off your mortgage

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With a little discipline and help from your love ones, you could save thousands of dollars for your mortgage. Here’s how:- Assuming you have a mortgage of S$250,000. Your tenure is 30 years at an interest rate of 1.6% to 3% per annum. You make your repayment on a monthly basis.   If you are […]

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 […]

 
 
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