TDSR and MSR are two different affordability limits used for property financing in Singapore. The Total Debt Servicing Ratio (TDSR) looks at all your monthly debt repayments and is generally capped at 55% of gross monthly income. The Mortgage Servicing Ratio (MSR) looks only at the housing instalment and is capped at 30% for applicable…
Overseas property loans help finance homes outside Singapore, but eligibility and terms vary by lender and location. Singapore investors should check currency risk, borrowing limits, total costs and local ownership rules before paying a deposit. 1. Can you finance the overseas property? Banks may finance only selected cities, property types and completed developments. Loan limits,…
Buying a shop, office or industrial unit? Before choosing a commercial property loan in Singapore, look beyond the advertised interest rate. These six checks can help you avoid costly surprises. 1. Confirm how much you can borrow Financing depends on the lender, property valuation, remaining lease and your financial profile. A lower valuation can mean…
If you agree to pay more for an HDB resale flat than HDB’s valuation, the difference is cash over valuation (COV). You must pay that difference in cash: CPF Ordinary Account savings cannot cover it. The valuation can also limit the amount you can borrow, so work out your total upfront cash and CPF needs…
See how a Singapore bank may assess available property equity using valuation, outstanding mortgage, CPF usage and affordability requirements.
Calculate a Singapore home-loan refinancing break-even period using monthly savings, legal fees, valuation costs, subsidies and clawbacks.
Compare an HDB housing loan with a bank loan in Singapore, including tenure, rate structure, cash and CPF planning, and refinancing.
Compare fixed and floating home loans in Singapore, including SORA packages, lock-ins, repayment certainty and the factors to check before choosing.
Home loan refinancing in Singapore means moving your mortgage to another bank, while repricing means changing to a new package with your existing bank. Refinancing may offer a more competitive package, but it normally involves legal work, valuation and a longer process. Repricing is usually simpler, although the choices are limited to the packages offered…
Before you pay an option fee or commit to a property in Singapore, it helps to know how much a bank may be prepared to lend. A bank’s In-Principle Approval (IPA), sometimes called Approval-in-Principle (AIP), gives you an indicative home loan amount based on a preliminary assessment of your financial profile. An IPA can make…