Tag: tdsr

buying property as if you're single-income

Why You Should Pretend You’re a Single Income Household When Buying Property

Dual-income families in Singapore should pretend they’re not, when it comes to buying a flat or condo. You want to insurance against situations like retrenchment, illness, business failure, etc.? This is the insurance, next to having the actual policies. Here’s why: When you assume your dual-income situation will carry on, you’re taking a huge risk…

HDB income ceiling bust

What to do if you can’t meet the TDSR

We’ve discussed the TDSR before on 99.co. But what can you do if you can’t meet this loan restriction? Experts at DollarBack Mortgage have some helpful tips: What is this TDSR thing that’s getting my loan application denied? You can find a quick description of the TDSR in our jargon section. But as a quick…

TDSR minimise home loans

Total Debt Servicing Ratio (TDSR): 7 Key Points to Know

Implemented in June 2013 by the Monetary Authority of Singapore (MAS), the Total Debt Servicing Ratio (TDSR) is a framework that safeguards borrowers against over-borrowing for their property purchase(s). In essence, the TDSR limits the amount individuals can spend on monthly mortgage debt repayments, based on a percentage of their gross monthly income. All banks…

HDB BTO Application

HDB BTO Application: the terms you need to know

BTO-ing is more than just paying a $10 fee for your desired project and hoping for the best. If it’s your first foray into the property market, your HDB BTO application would be the start of a learning curve. There’s a lot of technical jargon to wrap your head around, considering the mind-boggling array of terms…

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