Assume that you and your wife own a stunning condo in Singapore. Now that your net income has increased, so you are planning to buy another property and rent this condo for rental income. Sounds easy, right? But the reality is quite opposite. You have to pay Additional Buyer’s Stamp Duty (ABSD) for owning multiple…
DetailsEverybody aspires to earn as much money as they can to maximize their chances of buying a good property. Buying a HDB flat would surely be your target. But wait! There might be come pivotal information that you are missing. There is an earning limit set for the individuals who are planning to buy a…
DetailsHDBs are a great resource for Singaporeans. There is nothing else better than having the facility to live on a subsidized property. You might wonder that all the HDB units are almost the same in terms of strategic benefits. Yes, they are. But have you ever seen people trying their best to get the corner…
DetailsThere is an array of factors that lenders evaluate before approving your mortgage. Total Debt Servicing Ratio (TDSR) is one of these factors. There is no rocket science associated with this calculation. You can easily calculate your Total Debt Servicing Ratio to check your eligibility for the mortgage. What is Total Debt Servicing Ratio?…
DetailsAre you planning to apply for a mortgage? Yes, you know how to apply. You know what requirements need to be fulfilled to make you eligible for the mortgage. But have you wondered whether your mortgage option is suitable for you or not? This is where a professional mortgage consultant comes into play. It does…
DetailsMortgage insurance is a very common term which is common mostly among homeowners who take loans from the banks in exchange with the rights of their property. Your mortgagee will surely discuss all the ins and outs with you. But there are various aspects that you must know before proceeding with this plan. It is…
DetailsOwning a home is the dream of every individual. Good for you if you are a proud homeowner. Having a home insurance can bring you endless benefits. From getting financial backing in case of damage renovations to the coverage for your home’s content, there is much that you can gain from a good home insurance…
DetailsHaving a bad credit is never favorable for you by any means. Nobody wishes to have such a credit score, but a set of activities can make your credit score bad in no time. With a bad credit score, you pay more for your loans, you lose the trust of lenders, your insurance premiums increase,…
DetailsUsing monies from your CPF Ordinary Account to make your downpayment for your home may be common but to wholly rely on OA to fund your home purchase may not be the wisest decision. Let us tell you why. Using CPF to buy a home means you will have lesser savings in future. Why? Do…
DetailsAre you considering to upgrade to a condominium? Here are some things to note before deciding on a freehold or leasehold unit. Appreciation Rates Do you know that in general, leasehold properties have appreciated by an impressive 86.7% over the past decade whereas freehold condominiums are lagging behind at 60.8% which could be attributed to…
Details
