Tips

See how a Singapore bank may assess available property equity using valuation, outstanding mortgage, CPF usage and affordability requirements.

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…

Your private property may be worth more today than when you bought it. A home equity loan—also known as a cash-out or mortgage equity withdrawal loan—may allow you to borrow against part of that built-up value without selling your property. The property is used as security for the loan, and the amount available depends on…

Many millennials in Singapore place great emphasis on having quality of life (so do we!), but is creating an Instagram-worthy home more important than saving for retirement? It has been found that those who bought a home in 2016 and 2017 overspent their budget, and the most common reasons given were renovation costs and buying…

Being a homeowner is one of the major milestones in life, which many people strive towards along the path of true adulting. If you are a soon-to-be homeowner, you may realise that the costs of a house lies beyond the purchase price, and there’s always the “what if” to think about. What if you are unable to…

Life is full of unexpected accidents and events. There is no possible way to prepare for what can happen, but with mortgage insurance you can ensure you and your family will be financially secure no matter what. Just like you can insure your car against an accident or your home in case of a burst…