Sean Lim

Recent Posts

Everything you need to know about conveyancing

Posted by Sean Lim on February 15, 2017


Most buyers neglect conveyancing as an important task in the process of buying or refinancing. We think it is so significant as they carry out checks that we could not or neglect. Afterall, one should exercise maximum due diligence in the purchase of a property. Let's learn more about conveyancing.

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Topics: Conveyancing

Investing in commercial properties in Singapore

Posted by Sean Lim on February 14, 2017


Investing in commercial properties can be more exciting than residential properties. They offer a better yield since tenants are businesses, and it's usually less hassle in negotiating with them than individuals in residential homes. Lease can be longer, providing some form of stability. So how do you invest in commercial properties?

 

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Topics: Commercial Property

Latest SOR & SIBOR Chart & Rates

Posted by Sean Lim on February 13, 2017

 

We publish the latest chart & rates for SIBOR & SOR. Learn to compare 1-month & 3-month SIBOR, 3-month SOR & 3-month COMBO. These rates are updated on the first business day of the month.

Effective 01 January 2014, all tenors of USD and SGD SIBOR will be discontinued and not published on Thomson Reuters. From 1 October 2015, SIBOR and SOR data will be subjected to usage fees, in line with global development on benchmark data usage. In addition, subscribers who receive real-time SIBOR and/or SOR data from a market data vendor will be required to pay end user fees. Hence we can only publish delayed monthly data.

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Topics: sibor

Loan to value ratio by banks in Singapore

Posted by Sean Lim on February 10, 2017

Loan to value (LTV) ratio or limit is the loan amount that Singapore mortgage banks and lenders will offer you based on your property value. Mortgage LTV is impacted after the various cooling measures introduced by Singapore government. *Updated August 2013*

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Topics: TDSR

Factors affecting refinancing and repricing

Posted by Sean Lim on February 10, 2017

If you have a loan approaching or past the 3-year mark, it's time to review the mortgage options. What should you do? We look at the factors affecting your next step (refinancing or repricing)

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Topics: refinance

HDB loan or bank loan? Reasons to choose a HDB BANK loan

Posted by Sean Lim on February 8, 2017

Following up on the article comparing HDB loan with bank loan and explaining the reasons why a HDB loan is better, we visit the top reasons why some HDB owners take up a HDB bank loan and why it is better than HDB consessionary loan. 

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Topics: HDB

How does the TDSR Debt Servicing Ratio affect self employed?

Posted by Sean Lim on February 8, 2017

If you are a self-employed, you would be wondering how does the Total Debt Servicing Ratio (TDSR) framework introduced by Monetary Authority of Singpore affects. Before purchasing the property, learn the guidelines and the steps to find the right mortgage.

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Topics: TDSR

How does pledging of assets help you to obtain a property loan?

Posted by Sean Lim on February 3, 2017

Post the announcement by MAS on the TDSR framework, there were some confusion and dilemma faced by property buyers.  If you intend to pledge assets to obtain a property loan, please read on how it is being implemented.
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Topics: TDSR

Comparing Singapore Home Loan Fixed Deposit Rates

Posted by Sean Lim on February 2, 2017

Singapore banks have launched various home loans pegged to fixed deposit rates since 2015. Today, 5 banks (3 local – DBS, OCBC, UOB and 2 foreign – Standard Chartered and Maybank) are competing in the market with their attractive home loans. 

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Topics: approval in-principle

Everything you need to know about a 3-Gen flat

Posted by Sean Lim on February 2, 2017

What is a 3-generation (3Gen) flat?

3Gen Flats were launched in September 2013 to cater to multi-generation families living under one roof, providing everyone with their own space and privacy yet foster closer family ties at the same time.The units are approximately 115 square meters (which is 1238 square feet) and come with 4 bedrooms – 2 of which have ensuite bathrooms. There’s also a common bathroom, living and dining area, kitchen, service yard and a storage-cum-apartment (aka bomb) shelter. These sizes are considered relatively large and is perhaps similar to the maisionettes.

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Topics: HDB

Testimonials for FAHL

"I am most impressed by Sean's professionalism in assisting to put in place a mortgage plan that totally meets my investment objectives. His enthusiasm and passion for what he does is remarkable. I hope there will be more mortgage brokers like Sean and his colleagues in Singapore." - Ann Tay, Jan 2017"

"I would like to register my compliments for Maggie. I started enquiring about loans since June/July last year and Maggie has been diligent in following up with me and in addressing all my questions. I recently only settled the bank loan. Throughout this period of several months, Maggie has been patient, proactive and prompt.  It is a delight working with her." - Irene

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