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Colin Lim

Colin Lim

Colin began his career as an engineer with a manufacturing firm. After honing his analytical skills, he moved into finance where, during his time with two major foreign banks, he worked as a mortgage banker and a relationship manager that specialised in wealth management. He currently oversees a team of mortgage advisors and has helped homeowners finance more than a total of SGD$1 billion worth of property.

How To Get A Mortgage And Finance Your Property Purchase

Perhaps it’s your first time buying a property. Or maybe you’re a seasoned property investor, with over a decade of experience. While this guide makes for a great checklist for first timers, it’s always good to revisit and make sure you don’t miss anything out. What are some of the considerations to make and steps to take when it comes to financing your property purchase? Read on to find out. 1. How do I get an In-Principle Approval (IPA) or

Colin Lim February 27, 2019

An update on fixed deposit-pegged home loans: Rising rates

A home loan package with its interest rate pegged to a bank’s fixed deposit rates was considered extremely innovative, back when DBS first introduced such a product in 2014. Now, this has become a norm, with most banks having offered or are still offering loan packages pegged to fixed deposit rates. The fixed deposit rate loan packages have been well-received by homebuyers, partly because there is a perception that banks will not raise interest rates too much, whereby doing so

Colin Lim October 8, 2018

5 clauses you shouldn’t miss when refinancing your mortgage

Refinancing your home loan: Here’s what you need to know Refinancing a loan can help you to save thousands on your mortgage payments, but that is not the case for all loans! Before diving into refinancing, there are a few important conditions and dates that we have to know to ensure we really secure those interest savings. 1)  Interest Reset Date One thing you have to be aware of when refinancing is the Interest Reset Date. This critical date is

Colin Lim April 12, 2018

Collective sales in Singapore: Frequently asked questions

En bloc is a collective sales method that is unique to Singapore with private developers acquiring the whole development and/or adjoining properties under one single transaction. This is governed by the Land Titles (Strata) Act. The recent slew of en bloc properties in 2017 has proven that the market is indeed in its recovery phase. For the uninitiated, you might be wondering what the big deal about en bloc property is. Thus, to help give you a better understanding, the

Colin Lim December 22, 2017

FAQs on The Use of CPF For Home Purchase

Undeniably, purchasing a property is a major decision, and probably the heaviest financial commitment for most of us. However, the use of Central Provident Fund (CPF) to pay the down payment and make monthly financial obligations has been a popular and widely-considered option for many home buyers in Singapore. Are you, too, considering to finance your new home with CPF savings in the near future? Here is a short list of Frequently Asked Questions (FAQs) to clear your doubts: First

Colin Lim November 17, 2017

The home owner’s guide to leveraging on CPF Housing Grants

Taking the first step in making a good decision on your first property purchase will give you a better overall real estate experience. While property prices have moved up over the years, Singaporeans who wish to purchase their first HDB property should not allow this to get into their way. The CPF housing grants was introduced on 3rd March 2006, to help Singaporeans with their first HDB property purchase. Determined mainly by household income, the grants aimed to assist Singaporeans

Colin Lim June 6, 2017