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From the lens Singapore Mortgage, Refinance home loan.

  • Adversecreditremortgage2 Dec 13, 2010 @ 9:26 am | delete
    In having a credit remortgage, it is required to have an income during your application because it is needed so that you will be able to pay your debt, if you don't have any source of income you will not be approved for any application.

    Adverse Credit Remortgage
  • CHEN Aug 15, 2009 @ 11:37 pm | delete
    I want to know the lowest HDB loan rate in singapore
  • runespear Jul 16, 2009 @ 1:22 am | delete
    could you give examples or indicators that show that bubble is approaching?
  • bubbletea May 28, 2009 @ 5:59 am | in reply to Singapore Mortgage | delete
    bubble is coming back. I pity those genuine buyers, they will have to fork out more
  • Singapore Mortgage May 20, 2009 @ 11:41 am | in reply to Chee keong | delete
    Dear Chee Keong, We are monitoring the situation closely. While we believe the statistics look bad at the moment, all signs are still pointing to a recession, we don't know why is the market behaving in such an upbeat way. We are trying to dig up leading indicators to try and understand whether this is truly the start of a recovery. If you have other supplemental data, you can email us at loans@propertybuyer.com.sg
  • Chee keong May 13, 2009 @ 2:46 am | in reply to Singapore_Mortgage | delete
    Where is the market headed? I am clueless. I have been eying a property since last year, the prices have come down, should I consider now? Seems like the market is up now.
  • Singapore_Mortgage May 2, 2009 @ 1:32 am | in reply to Singapore_Mortgage | delete
    The Straits Times index has risen above the 1900 level. This is the best level not see for many months. Given that the STI has a lead of about 6 months to the property prices, if this STI stays at this level, property prices will stabilize.
  • Singapore_Mortgage Apr 12, 2009 @ 10:29 am | delete
    Obama encourages people to refinance! But even if the people try to refinance, it will be hard given that the property valuations have fallen so much.

    Even if money is passed to the people in this way, banks will face reduced margins. So the best way is still to solve the toxic assets and reflate the market.
  • Singapore_Mortgage Mar 30, 2009 @ 9:41 am | in reply to HDB Upgrader | delete
    Recently a bank who has lent money to a person to buy a yet-to-be completed condominium. Upon completion, the bank revalued the property and refuse to lend the person the full sum, leaving a 1.6m shortfall in cash and 3 days to raise that fund.

    This is the epitome of irresponsible lending. If the bank cannot ascertain the value, don't lend. If they lend, don't pull it back and screw the person.
  • HDB Upgrader Mar 13, 2009 @ 8:50 pm | in reply to Cautious buyer | delete
    Hey, the market seems hotting up again. The showrooms were packed!!! Lakeshore and others are looking hot.
  • Cautious buyer Mar 9, 2009 @ 12:01 pm | delete
    You are right Singapore _mortgage, better don't buy 99 yrs. You are right about warren buffet, everyone seems to be quoting him. "be greedy when others are fearful and be fearful when others are greedy". While this has it's merits, but now is not the time to be buying property, unless you have lots of cash. Other financing the property and subsequent remortgage will be problematic. Be careful guys...
  • Singapore_Mortgage Mar 7, 2009 @ 8:05 am | in reply to Tan Kee Leong | delete
    Wow, Mr. Tan, I didn't expect to get a response so fast after I wrote about Singapore Double Bay Simei. Yes, you can get in touch with us at loans@propertyBUYER.com.sg. If you are comfortable with the agent and the agent's bankers, you can go and contact each one of the bankers and get a rough idea. May I know whether you have paid the 1% option to purchase?

    If you have, then you have no choice but to find a banker. You will have to do all the work, evaluating all the packages from the banks.

    Through us, you deal only with us, we will compare all the packages and try to get the best for you. We will also submit your paper work and follow-up for you with the banks.

    We estimate that this work typically take 3 to 7 working days to do properly. If you do it, you will need to spend this time yourself.

    If you use our services (Totally FREE, because the bank pays us separately), we can relax while we do the work. We are independent, we do not have fav bank.
  • Tan Kee Leong Mar 7, 2009 @ 7:59 am | in reply to Singapore_Mortgage | delete
    Hi, Singapore_Mortgage. How do I get in touch with you? Or with Property BUYER.com.sg? I am interested in a Unit at Double Bay, the agent told me it's a good buy, he gave me a few banker's names and numbers to call. he says Financing is no problems, he has experienced bankers.
  • Singapore_Mortgage Mar 5, 2009 @ 11:23 pm | delete
    Singapore Double Bay Residences - Get your Pre-approved Home Loan before you pay your 1% option

    Tel: 6100 - 0608
    SMS: 9782 - 8606
    Email: loans@propertyBUYER.com.sg

    http://www.propertybuyer.com.sg/contactus.php

    This week, there is yet another condo launch. This time in Double Bay Residences in Simei

    The credit market is very tight, while the bankers are keen to acquire new

    home loan businesses, the credit departments have been rejecting loans.

    From our panel of bankers, they told us on average, 7 out of 10 loans now

    are rejected due to various reasons.

    WHAT DOES THIS MEAN FOR YOU?

    That means, if you do not get a Pre-approval for your Purchase, you may end up losing 1%. If a property is 800,000, that means you lose 8,000 dollars!!!

    Call us: 6100 - 0608

    SMS us: 9782 - 8606

    We can get the loan pre-approved for you.

    Our services are FREE to you because the banks pay us a fee separately.

    http://www.PropertyBUYER.com.sg/contactuc.php
  • Singapore_Mortgage Mar 5, 2009 @ 9:32 am | delete
    Singapore Home Loan: March 2009 Promotion Rates

    Fixed Rates for 3 years

    - 1st Year 1.6%
    - 2nd Year 2.2%
    - 3rd Year 2.9%

    70% Loan to valuation, available for HDB, Private Property.

    Call us at: 6100-0608
    SMS us at: 9782-8606

    email us at: loans@propertyBUYER.com.sg
    Send us simple contact form: http://www.propertyBUYER.com.sg/contactus.php
  • Singapore_Mortgage Mar 3, 2009 @ 6:58 am | delete
    If anyone, banks or mortgage consultants tell you, this is the BEST rate, ask them what are the risks. They won't lie to you, but neither will they tell you much. Regardless of who you finally decide to finance your loan with or if you do it yourself, always ask yourself this question.

    Why are you refinancing your home loan? (maybe you don't need to at all)

    Which home loan gives you the best protection?

    Which home loan gives you the most financial flexibility? (i.e. does it tie you in for long long time?, does it give you features that allows you to use your money in many different ways?, Does it give you that Over draft feature which allows you to GEAR UP if you see something attractive to invest in? Does it give you that term loan to stand-by for your child's university education? and many many more)

    The best way is, ASK yourself, not the banker, not us. If you asks us, what we will do is also to ask you many questions about yourself to help you understand your Financing needs.
  • Singapore_Mortgage Mar 2, 2009 @ 10:50 am | delete
    Everyone quotes Warren Buffet. Why? Because sometimes those quotes serve a purpose. Their purpose. Generally when we hear someone once too often, we will get very careful. The reason for this is, no matter how smart that one person or team is, if they achieve cult status, there will be a lot of faithful followers.

    We do not want to be a faithful follower, we never are and never will be. We think the key thing for everyone is, you have to always keep your eyes open. Just a share, if someone talks too much about it, it has reached FEVER PITCH. This often give rise to irrational behaviour. We are not saying we could do better than them, what we are merely advocating is, "BE CAREFUL" when something becomes too "HOT". There is not a simple and SINGLE way of getting rich. If it were that simple, there will be a lot of rich people and those money probably won't buy much goods and services anyway.
  • Singapore Mortgage Mar 2, 2009 @ 7:57 am | delete
    BORROWERS BEWARE: 02 March 2009, borrowing for your Home Loan or refinancing for your Home Loans have become much harder. In the recent past, even as recent as Mid 2008, approval of a loan takes 2 to 3 working days. Fast forward to March 2009, a typical Home Loan approval process takes at least 3 to 5 working days at the credit department provided you submitted the full set of documents.

    BANK's CREDIT Department
    They scrutinized almost everything and anything. If there is any doubt, they will err in favour of NOT lending. This is a type of "KIASU", "KIASI" mentality whereby the credit department themselves err on the side of caution to prevent making any errors. This has the effect of FREEZING credit and dragging out the entire APPROVAL process.

    I HAVE PAID THE 1% OPTION TO PURCHASE, NOW Let's get home loan.
    The Option to purchase gives you typically 14 days to exercise the option. But in reality, it is only 10 working days. You are cutting it too close. You need to act fast!!!
  • www.propertybuyer.com.sg Feb 26, 2009 @ 11:04 am | delete
    http://www.goarticles.com/cgi-bin/showa.cgi?C=1372840

    How to avoid over-paying for your Home. There are some steps to take to cross check.
  • Singapore_Mortgage Feb 26, 2009 @ 4:48 am | delete
    If you are selling or buying a property, do you want to know how to test your property agent? Many agents are so dis-honest, it spoils the game also for those who are genuinely honest. What do you think?
  • Singapore_Mortgage Feb 25, 2009 @ 5:02 am | delete
    The other day, another HDB home owner came to us checking on refinancing. They have been influenced by cheap rates that some people emphasize.

    1) All private banks require CPF to give them 1st charge. What this means is that upon any sale or (touch wood) bankruptcy, etc. The bank will sell your property to pay off your debts. Only left over money will return to you. If CPF has 1st charge (HDB loans), that means that even if you went into business, etc, the bank requires you to sell your property, CPF will take 1st charge of the proceeds and put back whatever monies you took out from CPF accrued interests into your Ordinary account. And no creditors can touch this money even if you are bankrupt, it is your retirement money.

    2) On an apple to apple comparison, no commercial banks can give you a fixed rate for 5 years or 10 years or more at 2.6%. The cheapest 10 year fixed rate packages are at least 5 to 6%.

    Unless you want to buy a Pte Property and want to lock in. think again!
  • Singapore Mortgage Feb 23, 2009 @ 8:02 am | delete
    http://www.goarticles.com/cgi-bin/showa.cgi?C=1418878

    This is an article in which we commented on Singapore's PM Prime Minister's call to foreign banks to take the long term view. We feel that if this is a "veiled threat" to the banks, Fine. If it is simply "A Call", it might be useless.

    We would much rather Singapore's PM Lee Hsien Loong use a Carrot and Stick on the banks to stay with the borrowings through thick and thin, because if banks start asking for equity top-up from home's whose valuations has fallen, it will lead to a massive default and massive devaluation of all assets!!! The entire market may melt down. Desperate times call for desperate measures.
  • Singapore_Mortgage Feb 21, 2009 @ 11:04 am | delete
    Actually there are quite a lot more things to consider, but the squidoo format only allows 3 Steps. We have seen so many funny cases of Refinancing, there are just too many things to look out for.
  • Singapore_Mortgage Feb 21, 2009 @ 10:42 am | delete
    http://www.propertybuyer.com.sg/viewnews.php?article=76

    An article on Singapore Prime Minister's Call for Foreign banks to take the long term view and stand behind their borrowers in times of hardship.

    We are of the opinion that a "Call" is useless if there is no BITE.
  • Singapore_Mortgage Feb 18, 2009 @ 9:56 am | delete
    Promotional Package from now till 23rd Feb 2009. Sign up now. SiBOR 0.8% if you qualify. Hurry, contact us at http://www.PropertyBUYER.com.sg/contactus.php to do an evaluation on whether you should go ahead with this.

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