Every day, 99.co takes a piece of property jargon and demystifies it. Today, we’re looking at loan tenures: What is the loan tenure? The loan tenure is the amount of time you’re given to repay a loan. There’s a loan tenure for almost any kind of loan, barring those with variable repayments (e.g. credit cards)….
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Tag: LTV
Property Jargon of the Day: Loan-To-Value Ratio (LTV)
Every day, 99.co picks a piece of property jargon to explain it. Today we look at the LTV Ratio, which affects how much you can borrow for your house: Loan to Value Ratio (LTV) The LTV ratio is the amount you can borrow for your house (this amount is called the loan quantum). This is…
Loan-to-value (LTV) limit: a Quick Guide for Property Buyers
To protect homebuyers from over-borrowing, the Singapore government has set a loan-to-value (LTV) limit for bank housing loans. In a nutshell, the LTV limit defines the maximum home loan amount a bank can grant you as a percentage of the property’s market value (i.e. its valuation). In July 2018, the government announced a tightening of…
TDSR and LTV ratio: Should these cooling measures be reviewed?
One of the main killers of the property boom was the Total Debt Servicing Ratio (TDSR) framework, coupled with a tighter loan-to-value (LTV) limits. Implemented in 2013 by the Singapore government, these loan curbs were implemented as part of a broader range of cooling measures. Restricting the amount that buyers can borrow to buy property…
ABSD increase on 6 July 2018: Singapore government stuns property market
[This is the joint media release by the Monetary Authority of Singapore (MAS), Ministry of Finance (MOF) and the Ministry of National Development (MND) reproduced in full.] Singapore, 5 July 2018 — The Government announced today adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool…
How property buyers should react to the ABSD increase
So you were either celebrating your wedding anniversary at a Michelin-star restaurant or working overtime in your office. Either way, you missed the chance to buy your dream property before the Singapore government raised Additional Buyer Stamp Duty (ABSD) and further tightened the Loan-to-Value (LTV) limit on the stroke of midnight — a move that…
9 milestones to hit before you buy your first condo [July 2018 update]
Buying your first condominium is a big step, and you shouldn’t be worried about the cost when the time comes. Well we say you shouldn’t, but believe us, you will — the size of the bank loan is heart-stopping. If you’ve hit these milestones though, you can feel a lot more secure. (Yes, even with…
New property cooling measures in Singapore: a cause and effect analysis
The first week of July 2018 was a rollercoaster ride for the Singapore property market. First, on Monday, the Urban Redevelopment Authority (URA) released 2Q 2018 flash estimates that indicated a strong surge in private property prices towards its previous highs of five years ago — when a series of cooling measures brought property prices…
Are first-time home buyers affected by the July 2018 cooling measures?
Property sellers tend to go into fire-fighting mode, whenever cooling measures come about (which is a bad but intentional pun). This time around, their message of reassurance is that genuine, first-time home buyers aren’t really affected by the July 2018 cooling measures at all. Actually, that’s not 100% accurate. First time buyers are far less…
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