The 3M SIBOR in Feb 2021 is 0.403%, which is very low compared to recent years’ trends. This means super cheap mortgages in Singapore – but are low interest rates necessarily the best? We weigh the pros and cons.
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As of 2019, there is an estimated 211,000 freelance residents in Singapore. If you are one of them and are hoping to buy property and get a home loan, this guide is for you.
This comes as Singapore’s property market remained buoyant with private home prices rising 2.2% in 2020 even as the economy plunged into recession.
The sites are located in Jurong West, Bukit Panjang, Sembawang and Woodlands, revealed SFA and HDB in a joint release.
The Total Debt Servicing Ratio or TDSR in Singapore limits your monthly debt repayments to 60% of your gross monthly income. This includes your home loan (mortgage) and other liabilities like credit card debt and personal loans.
You’re buying property in Singapore, and then realise you need to pay something called Additional Buyer’s Stamp Duty (ABSD). You don’t exactly understand what it is. Don’t worry - we have a quick guide about ABSD to help you out.
Canberra MRT opened in November 2019, and in the immediate quarter after (Q1 2020), property prices in District 27 jumped by over 6% QoQ. Read about what Canberra has to offer, as well as BTO and Condo projects in the area.
The Mortgage Servicing Ratio (MSR) in Singapore caps the amount that may be spent on mortgage repayments to 30% of a borrower’s gross monthly income. It applies to HDB flats and executive condominiums (ECs) bought from developers.
UP Fintech Holding Limited a leading online brokerage focusing on global Chinese investors, recently announced that its wholly owned subsidiary, Tiger Brokers Singapore, delivered over 100% quarterly growth in client accounts for the third consecutive quarter as of December 31, 2020. During the aforementioned period, UP Fintech Singapore subsidiary’s number of active traders grew at an [&hellip
The post UP Fintech Singapore subsidiary sees 100% growth in client accounts appeared first on iCompareLoan Resources.
So, you’re looking at buying property, a financial decision that will likely be the biggest you’ll ever make. Assuming you’re not as rich as Donald Trump, it’s likely you will need to obtain a mortgage for your home purchase. In order to make an informed decision, you should educate yourself about the mortgage process. There [&hellip
The post Buying property? Knowing the mortgage process will save you money appeared first on iCompareLoan Resources.