MAS Makes Adjustments to TDSR Rules

In an announcement made by the Monetary Authority of Singapore (MAS) on Thursday, 1 September 2016, homeowners now have more flexibility with regard to the Total Debt Servicing Ratio (TDSR) scheme, allowing them to refinance existing home…

Local Interest Rates at 12-month Low

With the strong Singapore dollar (SGD), local interest rates have been declining to a 12-month low.Both the three-month Singapore interbank offered rate (SIBOR) and three-month swap offer rate (SOR) are about 30 and 60 per cent lower…

MAS Announces Smaller Loan Amounts for Buyers Using Deferred Payment Scheme

According to the Monetary Authority of Singapore (MAS), buyers of private properties who are utilising deferred payment schemes will now receive smaller loan amounts. This affects various completed projects that are offered the deferred…

Mortgage Packages That Can Help You Earn Tons Of Money In Your Savings Account

Homeowners are constantly overwhelmed by the many different housing loan packages offered across banks in Singapore. While homeowners generally seek for the most competitive housing loan rate or packages, they often overlook other available…

UOB Suspends Financing Services for London Properties

The United Overseas Bank (UOB) is the first bank in Singapore to announce its suspension of loans programme for properties in London, due to the instability of the current market.This decision comes as no surprise as the United Kingdom…

U.S. Fed Keeps Interest Rates Unchanged

On Wednesday, the federal reserve kept their rates unchanged once again. The decision reflects their ongoing concerns surrounding a stall in US employment and inflation, the possible Britain's Brexit and its potential impacts on the global…

Deposit-Pegged Mortgage Rates: An Overview

In recent years, there has been an increasing trend in banks coming up with their own deposit-pegged mortgage rates (DPMR). DBS was first in the DPMR playing field, introducing the 18-month Fixed-Deposit Home Rate (18M FHR) back in June…

The Currency War: Is It Better To Finance Malaysian Properties In SGD or MYR?

Singapore and Malaysia are two countries that offer property investors the advantages of border proximity, ease of transportation, and close economic ties. With Singapore still ranking as the world’s most expensive city to live in (EIU),…

Reading the Fine Print for Home Loans

These are the key criteria you have to take into consideration when choosing your home loan:Reference Rate This can be either a Fixed Rate, or floating rates pegged to Singapore Interbank Offer Rate (SIBOR), Swap Offer Rate (SOR)…

International Property Financing

Many local banks have introduced foreign property loans in view of the rising trend of Singaporeans looking outside the little red dot to invest. These investors are usually attracted to their chosen host country due to the less restrictive…