Tag: bank loan

First up, if you find yourself facing possible mortgage repayment issues, don’t worry. Book a consultation with a 99.co mortgage consultant, and they’ll be more than happy to assist you with your mortgage. – Taking on a mortgage is one of the most important aspects of owning a home. Given the high cost of buying…

Update as of 23 June 2022: This article has been updated to include the latest TDSR, in light of the cooling measures announcement on 16 December 2021.  Every day, 99.co picks a piece of property jargon to explain it. Today we look at the Total Debt Servicing Ratio (TDSR), which affects your home loan application….

Considering HDB loan vs bank loan is most probably the second thing that many first-time homeowners have on their minds, after figuring out where their first home should be. Overwhelmed with all the jargon and fine print? Don’t worry, we’re here to break down the differences between HDB loans and bank loans. Key points about…

Update as of 17 December 2021: This article has been updated to include the latest LTV ratio for HDB housing loans, in light of the recent cooling measures announcement.  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…

Over the past several months, there’s been a growing concern about housing affordability. Despite the recession and pandemic, housing prices have been on the rise ever since the end of the circuit breaker.  Resale prices for HDB flats and condo units have been rising for the ninth and eighth straight month, respectively. Factors such as…

Some people have a strong aversion to borrowing money, even when buying a home. Others may be lucky enough to be sitting on a cash pile, and are planning to purchase a property with it. The thing is, even if you can afford to pay for your house in full (or have someone else such…

If you’re a financially conservative Singaporean who hates to take on debt, chances are you’ll cringe at long home loan tenures. Not only does the concept of borrowing stresses you out, you feel you’re losing out by taking a long tenure. Truth is, home buyers are often advised to take the longest home loan tenure…

If you’re shopping around for your first home, one thing that you’ll definitely want to get right is your home loan. You’ll be servicing this loan for decades to come; bearing this in mind, it’s important to choose a loan that’s a good fit for you. In this article, we walk you through the different…

These days, CPF may as well stand for Causing Persistent Fights. Nothing sours the mood faster than bringing up this sore topic. The only way to make it worse is to discuss how CPF is used for home loans. Here’s some clarity on the common issues: 1. You can only use your CPF for HDB…

Bank valuations are a complete mystery to many home buyers. In fact, we’re willing to bet you didn’t even know what they were; you’re only now Googling them to find out why your loan is lower from one bank than another. Here’s how it works:   What is the bank valuation? When you want to…