Solutions to Everyday questions. Investing in yourself with knowledge.
What is Re-Financing of Home Loan? Re-financing of mortgage loan is the act of switching your home loan to a different bank which offers a more attractive interest rate. Note that this is different from re-pricing of home loan, where the user stays with the current bank, albeit taking up a new loan package with…
Case Study Cost of Condo: Suburb Properties – OCR New Sale: $1.2 million Currently Own HDB flat. Purchase Condo as 2nd House – Non-Residential. Outstanding Bank Loan. (i) Down Payment Loan Tenure does not exceed 30 years and sum of loan tenure and age of borrower at the time of applying for the loan is…
What is Decoupling (Fractional Purchase) Decoupling happens when one partner’s share in a property is transferred to the other person. Why Consider Decoupling This creates a sole owner, leaving the other half of the pair free to buy another home without having to pay the ABSD (Additional Buyer Stamp Duty), as that purchase will be…
A random thought led to this random article. Though I am well aware that I cannot afford to purchase a second property at this point in time, I still decided to do my research out of curiosity to see if I can afford to be the home owner of a second property. One cannot only…