Tag: home loan

Every day, 99.co picks a piece of property jargon to explain it. Today we look at the Fixed Deposit Home Rate (FHR) loan. Here’s how it works: Fixed Deposit Home Rate (FHR) Loan The FHR loan was first created by DBS bank in 2015 (although other banks now offer similar loans). An FHR loan consists…

Update as of 24 June 2022: This article has been updated to include the latest TDSR, in light of the cooling measures announced on 16 December 2021.  Implemented back 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…

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….

In an effort to fight inflation and cool consumer spending, the US Federal Reserve has increased its interest rate by 75 basis points – its highest rate hike since 1994. This would set the Fed’s benchmark federal-funds rate – or in layman’s terms, the rate banks lend to each other – to between 1.5% and…

Update as of 20 January 2022: This article has been updated with the latest LTV for HDB housing loans, in line with the recent cooling measures announcement.  Every day, 99.co takes a piece of property jargon and demystifies. Today we examine something that doesn’t happen as often as a decade ago: COV. What is Cash…

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…

A few months ago, someone asked if it’s possible to get a new housing loan or refinance his existing home loan if he’s: a) Retired, or b) Living off passive income (ie. unemployed) By passive income, he means adopting the FIRE lifestyle. FIRE stands for Financial Independence, Retire Early, which is a movement by individuals to…

For many Singaporeans homeowners, paying off their home loans using their CPF seems to be the default option.  This could possibly be attributed to the lack of understanding of CPF. A common misconception is that your CPF is money that can never be withdrawn – hence you’d be better off using it to service your…

Growing up, we’ve all heard about the five Cs. Singaporeans are obsessed with getting cash, car, credit card, condominium and country club membership. But are we familiar with the five Cs of Housing? 1. Capital Buying a house requires money. And depending on the type of house you choose, that amount varies. If you are…