Singapore Property Realtor
Home  |  About Us  |  Contact
Singapore Real Estate Enquiry
Buy Real Estate Enquiry
Sell Real Estate Enquiry
Rent Real Estate Enquiry
Invest Real Estate Enquiry
Singapore Realtor Main Menu
About Singapore Realtor
Why Select Mindy Yong
Company Real Estate agents
Calling Every Expats
Singapore Career Opportunity
Exclusive Buyer Agent
Investment of Real Estate
Mistakes Seller Always Make
Mistakes Buyer Always Make
Mistake Investor Always Make
Singapore Realtor Spirit
Enbloc Realtor
Property Guide and Tips
Buying Property Tips
Should you rent or purchase?
Process of buying and selling
Purchase by foreigners
Hire only one buying agent
Our buyer Service Pledge
Planning prior to purchase
Get an appropriate mortgage
Searching for a property
Make an Offer
Property Inspection
Selling Property Tips
When to sell?
Information on commission
Latest transacted Price
Employ a single selling agent
Discount Agent vs Full Agents
Pledge of the Owner
Fixing the Price of the Property
Show your property
Art of Negotiating
Concluding the Sale
Guides for Expatriate
Moving to Singapore
Renting or Leasing Process
Housing Type in Singapore Frequently Asked Questions
Singapore Resources
Welcome to Singapore
Information of Singapore
Permanent Resident S'pore
Guide To Renting In Singapore
Singapore Government
Foreign Embassy In Singapore
SIR Tenant Check
Singapore International School
Expats Relocation
Map Of Singapore
Singapore Condo Near MRT
Expats Useful Resources
Singapore Career Jobs Opportunity

Get an appropriate mortgage

It is very important for you to obtain an appropriate mortgage as you will be saving a lot in the long run. Financial institutions will offer different kinds of plans and rates but how is one to select the right plan? You can either consult a financial consultant or read the tips below:

Reason and need for the loan

What is the purpose for which you require the loan? Investing or buying a house. What you need would be a residential investment or home loan. Now you need to decide the kind of loan that will suit your requirements. Would you prefer a variable or fixed interest? Or would you prefer flexibility of terms to save some money on interests. Do you want credit facility on your account for home enhancements or personal purchase? In how many years can you repay the loan and on what conditions?

Feature of the loan

Find out the features of each loan plan and measure it against your needs and which is more significant to you. Interests on loans for the purpose of investment are tax deductible and you are permitted by the bank to divide your loan in to different small types to save on interest. Given below are some of the distinctive features of loan:

- Portability: In case you are thinking of relocating to a new home, such a loan will permit you to keep the same by paying a small fee so that you do not have to apply for a new loan again.

- Extra repayments: You are able to pay more than your monthly repayment amount so that you can repay the entire loan in very less time.

- Credit facility: The loan will have a feature which will offer you credit facility to buy materials on home improvements or personal items. This way you will not have to apply for a new loan. The bank will have to approve such feature and it will enhance the credit limit of the present loan.

- Redraw: If required, you can get any further repayment made by you.

- Repayment holiday: If you make extra repayments in a month or months then you will be permitted to skip certain number of repayments as long as the repayments that you have made are enough to cover the skipped ones.

- Parental leave: Pertaining to certain terms and conditions, you will be permitted to decrease the monthly payment by half.

- Mortgage offset: Your mortgage is linked with your transaction account. This will permit you to decrease the mortgage for each dollar in the account.

- Income to loan account: Interest from the mortgage can be saved if you deposit your income directly to your loan account. Simultaneously, you will be able to pay bills or get your funds via automatic transfer accounts.

- Consolidation of accounts: You can save interest on mortgage and still access your money by consolidating your accounts in to one for savings, credits and transactions.

- Re-fixing: Here you can change the fixed rate of loan when the period of your fixed rate is completed.

- Continuous expenses: Give the preferred loan features priority and calculate the expenses that you will incur continuously. You can save on interest rate and expenses if you maximize the features of the loan. The way you manage your finances and lifestyle will determine your loan as this will show your ability to pay it off.

Note: Mortgage indicates that you agree to something and it will last till you die. Mort is a French word which signifies death. Check out the terms and conditions of the mortgage as it is a guarantee to repay the loan taken to buy a home. Or else you will have to pay for it as long as you live.



(+65) 91002985

Fax: (+65) 64021826 ( email me )

CEA Registration Number : R021232Z

Contact Me Now
Mindy Yong
Tel: (+65) 91002985
Fax: (+65) 64021826
Property Elite International Property Consultant Hotvictory
Featured Properties
HDB Flats
Private Apartment / Condo
Landed House
Commercial / Industrial
Singapore Realtor Services
Finance and Mortgage
Protection of your Assets
Furnishing and Renovation
Moving of office and home
Disposal and Storage Handing
Outsource & Accommodation
Agency In Singapore
Asset Finance In Singapore
Asset Management Singapore
Auction In Singapore
Building Consultancy S'pore
Financial Solution & Business
Capital Advisory In Singapore
Corporate Consultation
Services Of Development
National Economy Policy
Predicting Business
Financial Consultation
International Corporate Service
Hospitality Management
Industrial and Logistics
Investment Agency
Investment Management
Investor Consultation
Business parks and Offices
Real Estate Management
Real Estate Solution-Developer
Real Estate solution - Investor
Real Estate solution - Occupier
Residential In Singapore
Retail and Leisure
Structured Finances
Technology In Singapore
Renew & Urban Regeneration
Valuation Pricing
Singapore Real Estate Market
Buying Real Estate Singapore
Selling Real Estate Singapore
Renting Real Estate Singapore
Invest Real Estate Singapore
Singapore Property Classifieds

Singapore Latest Information
Lastest Info ! Singapore Market Watch, Property News Alert, Insider News, Get First Information
Copyright © 2010 All Rights Reserved.      Privacy Policy | Sitemap design by bsystem