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

UOB Singapore Mortgage Products

Posted by Sean Lim on February 1, 2017

UOB Singapore offers mortgages for properties located in Singapore, Malaysia, Japan (Tokyo), Australia and UK (London). They will lend against residential, commercial and industrial properties in Singapore, be it owner occupation or investment. Outside Singapore, selected residential properties for investment purpose are accepted securities to the bank. The mortgage products are pegged to fixed rates, 3M SIBOR, internal board rates, 36M fixed deposit property rate (36M FDPR) and Cost of Funds for overseas properties.

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Topics: banks

Maybank Singapore Mortgage Products

Posted by Sean Lim on February 1, 2017

Maybank Singapore offers mortgages for properties located in Singapore, Malaysia,Australia and UK (London). They will lend against residential, commercial and industrial properties in Singapore, be it owner occupation or investment. Outside Singapore, selected residential properties for investment purpose are accepted securities to the bank. The mortgage products are pegged to fixed rates, 3M SIBOR, internal board rates, 36 Months Fixed Deposit Rate (FDMR36) and Cost of Funds for overseas properties. Refinancing customers of Singapore mortgages may enjoy subsidies to cover conveyancing fees.


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Topics: banks

Everything you need to know about MAS Total Debt Servicing Ratio framework

Posted by Sean Lim on January 31, 2017

A summary on everything you should know about the new Total Debt Servicing Ratio (TDSR) framework by MAS. All financial instituitions in Singapore must adhere to the guidelines. Let's find out the subtle points of TDSR.

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Topics: TDSR

What you need to know about Singapore MAS Debt Servicing Framework

Posted by Sean Lim on January 31, 2017

Read our commentary in the Singapore Business Review on what property buyers and owners must know about the MAS Debt Servicing framework introduced on June 28 2013. 

The Monetary Authority of Singapore (MAS) on June 28 2013 introduced a Total Debt Servicing Ratio (TDSR) framework for property loans applicable to all types of properties. The TDSR framework was a result of inspections on financial institutions' (FIs) practices around debt servicing ratios and credit underwriting. FIs are expected to adhere to the methodology for computing the TDSR.
 
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Topics: TDSR

Documents for home loan application

Posted by Sean Lim on January 25, 2017

There are many documents required to process a home loan application. You have to submit different ones depending on whether the application is for a new purchase or refinancing. Prepare the following documents for our mortgage consultants to assess and process your application. The documents may differ slightly based on each bank requirements. Treat this as a guide but always check with us.

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Topics: approval in-principle

4 Steps To Obtain Approval In-Principle

Posted by Sean Lim on January 25, 2017

Coincidently while having lunch with a friend who recently got hitched, I found out they are looking to purchase their first home! However it seems like most newly married young couple like my friend do not understand the process of getting a loan and what are the desired steps that will lead to a smooth journey in securing a home loan for their first matrimonial home. With so much information and banks to look at, it can be hard to digest. For starters, it would be good to consult home loan comparison companies like us, where our experienced independent mortgage consultants can advise and guide you along the journey.

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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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