What Happens to Your Home Loan If a Co-Owner Passes Away in Singapore
Buying a home with a partner or family member means sharing ownership and the home loan responsibility. But what happens if one co-owner dies before the loan is fully paid off? Understanding how banks, ownership structures, and insurance work is important. This knowledge helps protect your loved ones and your property. 1) Ownership Structure Determines […]
Understanding TDSR Rules & What Qualifies as Income for a Home Loan in Singapore
What is TDSR? The Total Debt Servicing Ratio (TDSR) is a rule from the Monetary Authority of Singapore (MAS). It helps make sure borrowers do not take on more debt than they can manage. What Counts as Income? When applying for a home loan, banks will consider all verifiable sources of income, including: 1. Employment […]
Mortgage Loan with Parents as Co-Borrowers: Rules, CPF & ABSD Explained
Many parents in Singapore want to support their children in purchasing a property. Parents can help with a home loan in different ways. This depends on your financial goals, loan eligibility, and the type of property. 1. As a Co-Borrower or Joint Applicant This is especially useful if: Property Types: 2. Reverse Mortgage Arrangement In […]
Property Equity Loan: Complete Guide to Uses, Benefits & Risks
A property equity loan, also known as a term loan or cash-out refinancing, can be a strong financial tool if used wisely. Here’s what you can do with it, plus key considerations: What is a Property Equity Loan Basic Requirements A property equity loan lets you unlock cash from the value of your property without […]
Everything you need to know before applying for housing loan in Singapore
1. Housing Loan Eligibility Criteria Basic Requirements To qualify for a home loan, you must: Depending on whether you apply for a bank loan or an HDB loan, the criteria differ. HDB Housing Loan Eligibility (HLE) Check full HLE conditions here: HDB | Housing Loan from HDB 2. Understanding Loan Types: HDB Loan vs Bank […]
Why are 1-Month and 3-Month SORA easing even with no Fed cuts?
SORA has been drifting lower lately, even though the U.S. Fed hasn’t cut rates. The move is largely about Singapore-specific liquidity and foreign exchange dynamics, rather than a direct read-through from the Fed. What’s pushing SORA down At a glance Factor What it does to 1M SORA Plentiful SGD liquidity Lowers overnight borrowing costs MAS […]
Divorce Property Settlement in Singapore: HDB and Private Property Explained
In Singapore, a Divorce Property Settlement can be complex, especially when a home loan and property ownership are involved. The outcome often depends on whether someone owns an HDB flat or a private property, and on how they finance the loan. Here’s a breakdown to guide you through the key considerations. 🔑 Key Considerations in […]
Complete Guide to Selling a Property in Singapore: Process & Timeline
Selling a Property in Singapore (HDB or Private Property): Timeline & Process Guide Whether you are upgrading, right-sizing, or cashing out, selling your home in Singapore involves a series of structured steps. The rules for HDB flats and private properties are different, but the main ideas are the same. Always plan ahead, understand your finances, […]
HDB Flat Eligibility for Singapore Permanent Residents
Singapore’s public housing is managed by the Housing & Development Board (HDB). It is an important part of the country’s housing policy. HDB flats are mainly for Singapore Citizens (SCs). However, Permanent Residents (PRs) can also buy some types of HDB flats if they meet certain conditions. In this article, we will look at the […]
Responsible Financing: Choosing the Right Home Loan in Singapore
With rising property prices and fluctuating interest rates, securing a home loan in Singapore requires careful financial planning. Floating-rate packages provide flexibility and possible savings. However, borrowers should think about responsible financing. They need to ensure they can afford their mortgage in the long run without taking on too much debt. Here’s how to make […]