Up to 37% of your cumulative gross income from your working years is sitting in your Central Provident Fund (CPF) account, waiting to support your future needs. That’s a significant chunk of your money, and ensuring it ends up with your intended beneficiaries when you’re no longer around is crucial. Despite that, few truly understand …
CPF Nominations – 6 Things You Might Not Know About CPF Nomination Read More »
In “The 7 Habits of Highly Effective People,” one habit distinguishes effective people from average ones: begin with the end in mind. Successful people are goal-oriented, and they are clear about their end goals BEFORE they even get started. Successful property investors also begin with their end goal (exit strategy) before making their purchase, which …
When refinancing your mortgage, banks often offer competitive rates and other benefits that differ from one another. These may include free conversion to another package within the same bank, waiver for early redemption penalty upon sale of property, and cash rewards. As such, it is rare to be able to compare on an apple-to-apple basis. …
Look Beyond The First 2 Years of Rates – if you want to get the Best Loan Package Read More »
When choosing a bank for a mortgage loan, you might come across banks offering you an Interest Offset Mortgage Account, designed to help mitigate mortgage interest costs for borrowers with significant idle funds lying around. So how do these Interest Offset Mortgage Accounts work? These accounts pay interest rates similar to the mortgage loan package …
Singaporeans are known to be obsessed with property. In land-scarce Singapore, property is generally regarded as dual-purpose – as a residence and also as an investment asset. In fact, many regard property investment as a surefire way of making profit. You most likely would have come across a certain friend who had made a tidy …
Buying Property Without Loan – Smart or Siao(crazy)? Read More »
When taking up a home loan or mortgage, you may be presented with two different types of packages, Fixed rate packages and Floating rate packages. These two terms would be very familiar to seasoned property owners as they often have to revisit their mortgage broker every 2 or 3 years to refinance and lower their …
For HDB owners, the Home Protection Scheme (HPS) is something you would be familiar with. If you are using your CPF Ordinary Account to pay for your monthly installment, HPS is compulsory. Over the years, it has benefited many families who were able to fully own the HDB they are staying in, after one of …
Home Protection Scheme and Mortgage Cancellation Scheme Read More »
From someone who either just got their Option to Purchase (OTP) and is looking for a new loan, to someone who already has a loan and is looking to refinance, it is common for homeowners to be overwhelmed by the various jargon that pop up during conversations with the bankers or found in their loan …
Quick Guide to Mortgage Home Loan Terms – For the New and Unfamiliar Read More »
Many of our clients are priority banking customers and very often, they assume they are able to get the best home loan package because of their priority banking relationship, but is that true? Today, we look into a case where we helped a priority banking customer save more than $8000 in interest over two years. …
Tale of A $4-million Home Loan: Why Our Client Ditched His Priority Bank Offer For Ours? Read More »
After multiple viewings, you finally decided on the property to purchase and proceed to make an offer. Happily, you contacted your mortgage broker to get recommendations for the best home loan. Next moment, you receive a piece of bad news from your mortgage broker – the amount of loan you can qualify is much lower …
How Does The MAS Medium Term Interest Rate Floor Reduce Your Loan Quantum? Read More »
